Bullions: Gold
hit a fresh three week high early Thursday, after overnight, helped by a weaker
dollar and no early expectations of an interest rate hike by the U.S. Federal
Reserve at its meeting next week.
Our buy call on gold at Rs 29250 given on 07June 2016 achieved our first TGT of Rs 29600 and made high Rs 29725 yesterday , profit of Rs 35000 in one lot.
Our buy call on gold at Rs 29250 given on 07June 2016 achieved our first TGT of Rs 29600 and made high Rs 29725 yesterday , profit of Rs 35000 in one lot.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
29000
|
29200
|
29800
|
30100
|
UP
|
29100-29900
|
|
Silver
|
39300
|
39500
|
40000
|
40500
|
UP
|
39500-40500
|
Energy: Oil prices remained near 2016 highs in early
trading on Thursday, supported by a fall in U.S. crude inventories, a weaker
dollar and strong demand. Data from the
U.S. Energy Information Administration (EIA) showed U.S. crude stocks last week
fell by 3.23 million barrels to 532.5 million barrels, marking their third
consecutive weekly fall.
| COMMODITY |
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3340
|
3360
|
3430
|
3465
|
UP
|
3340-3440
|
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