Bullions: Gold decline further after U.S. Federal Reserve chief Janet
Yellen said the central bank could raise interest rates in the coming months.
In Morning session dollar hit a one-month high against the yen. Last Friday
gold open below our execution level and trade lower.
Outlook: SELL SILVER BETWEEN 38900-38950 TGT 38500-38300 SL 39150
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
Gold
|
28358
|
28480
|
28781
|
28960
|
Bearish
|
28100-28800
|
Silver
|
38720
|
38575
|
39069
|
39273
|
Bearish
|
38300-39150
|
Energy: Oil futures
ended lower on Friday, but still posted a third consecutive week of gains amid
mounting concerns over global supply disruptions. In the week ahead, oil
traders will be focusing on U.S. stockpile data on Wednesday and
Thursday for fresh supply-and-demand signals.
After sharp rise in prices there may be some price pull back till level 3200 in
MCX.
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
Crude oil
|
3250
|
3280
|
3330
|
3355
|
Sideways
|
3250-3350
|
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