Bullion: Gold trade higher in Asian trade
today after weak dollar and equities. U.S. gold futures GCcv1 rose 0.27 percent
to $1,280.40.US Dollar weakened against the yen on positive Japan economy data.
Yesterday data showed U.S consumer prices
recorded their biggest increase in more than three years in April as gasoline
and rents rose, pointing to a steady inflation build-up that could give the Fed
ammunition to raise interest rates later this year. Other data showed housing
starts and industrial production rebounded strongly last month.
"BUY SILVER BETWEEN 41100-41120 TGT 41500-41700 SL 40700"
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
Gold
|
29750
|
29900
|
30150
|
30300
|
BULLISH
|
29800-30250
|
Silver
|
40500
|
40800
|
41450
|
41900
|
BULLISH
|
40650-41650
|
Energy:
Crude
oil prices edged higher in Asia in morning after U.S. industry estimates on
stocks showed solid draws in refined products, particularly gasoline ahead of the
U.S. summer driving season and also US inventory Data week ended.
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
Crude oil
|
3100
|
3150
|
3208
|
3260
|
BULLISH
|
3120-3240
|
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