BULLIONS BASE METALS & ENERGY LEVELS FOR 5 MAY 2016

Bullions:  Gold turned lower on Wednesday, after nearing the prior session's 15- month top, as the U.S. dollar moved higher and a Federal Reserve official pointed to the possibility of two interest rate hikes in 2016. Gold prices have gained 21 percent since the start of the year on the outlook that the Fed has slowed its expected pace of rate increases. Bullion is sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion, while boosting the dollar. Recent dollar weakness and strength in the gold price have triggered a sharp increase in money flowing into the SPDR Gold Trust; the world's top gold-backed exchange-traded fund (ETF).Upcoming key data includes U.S. nonfarm payrolls due on Friday. The U.S. economy is expected to have added 200,000 jobs in April, slightly fewer than in March.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	29742	29867	30215	30438	SIDEWAYS	29800 - 30470
Silver	40757	41024	41599	41907	SIDEWAYS	40800 -41600

Base Metals: Copper fell on Wednesday as funds took profits after manufacturing data from China undermined confidence. A stronger U.S. currency makes dollar-denominated commodities more expensive for non-U.S. firms; a relationship used by funds to generate buy and sell signals from numerical models. Industrial production, investment, property market and loans data for March has bolstered hopes of stronger demand in China, which accounts for nearly half of global copper consumption.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Aluminum	107.33	108.02	109.47	110.23	BULLISH	107-110
Copper	321.58	323.47	328.65	331.88	BEARISH	324 - 332
Lead	115.07	116.23	118.53	119.67	BEARISH	116-119
Nickel	623.6	627.2	635.5	640.2	BULLISH	618-640
Zinc	123.95	124.85	126.55	127.35	BEARISH	125-128

Energy: Oil prices jumped by more than one percent in early trading on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output. International benchmark Brent crude futures were trading at USD 45.31 per barrel at 0031 GMT, up 69 cents or 1.6 percent from their last close.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	2830	2865	2965	3030	SIDEWAYS	2870-2970