BULIONS & ENERGY LEVELS FOR 27 MAY 2016

OUTLOOK: SELL GOLD BETWEEN 28870-28900 TGT 28600-28400 SL 29070 Bullions: After positive economic data like US jobless claims data there was sharp selloff in precious metal which can continue today also. Data gives room to Fed to increase interest rates in June. Gold remained on track for its biggest weekly decline.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	28350	28500	28900	29050	Bearish	28400-29970
Silver	38400	38700	39500	39900	Bearish	38200-39200

Energy: Oil futures fell further in Asian trade on Friday after running into resistance at the $50 a barrel mark, as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Prices were also pressured by a stronger dollar index (DXY) rising against a basket of major currencies on Friday.

Yesterday’s Crudeoil buy call open above 3340 and made high 3377 near our TGT 3380

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	3220	3270	3327	3370	Sideways	3270-3350