Bullions: Gold trading steady near two-week high,
benefiting from a weaker dollar, as cautious remarks by Federal Reserve chair
Janet Yellen gave few indications about
the timing of U.S. rate increases. She gave a largely upbeat assessment of the U.S. economic outlook and
said interest rate hikes are coming.
Outlook: BUY GOLD AUG B/W 29250-29280 TGT
29600-29800 SL 29050
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
29150
|
29300
|
29600
|
29720
|
UP
|
29100-29600
|
|
Silver
|
38400
|
38700
|
39500
|
39900
|
UP
|
38800-39700
|
Energy: Brent oil prices inched lower on Tuesday after
hitting a seven-month high a day earlier, but the market momentum looked strong
on a weak dollar, attacks on Nigerian oil infrastructure and falling U.S. crude
inventories. Brent touched a high of $50.83 in the previous session, its
highest since Nov 4.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3200
|
3250
|
3350
|
3400
|
SIDEWAYS
|
3240-3340
|
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