OUTLOOK: SELL SILVER BETWEEN 39650-39700 TGT 39100-38700 SL 40000
Bullions: Gold prices dips to the lowest in more than four weeks on
Tuesday as hawkish comments from Federal Reserve officials in the previous
session sent the dollar to a two-month high against a currency basket.
Spot gold XAU= was down 1.5 percent at $1,229.25 an ounce off
an earlier low of $1,227.70 International trade.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
29000
|
29150
|
26560
|
29833
|
BEARSIH
|
29000-29600
|
|
Silver
|
39000
|
39170
|
39628
|
39919
|
SIDEWAYS
|
39000-39700
|
Energy: US crude oil bounced
to the highest level in seven months on Tuesday, as a decline in inventories.
Nymex July West Texas Intermediate, the benchmark for light, sweet crude,
jumped as much as 2.5 per cent to $49.27 a barrel late in New York, the highest
since October 2015. The move came after the American Petroleum Institute
reported US crude stocks dropped by 5.1m barrels last week.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude
oil
|
3210
|
3260
|
3309
|
3350
|
BULLISH
|
3230-3360
|
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