BULIONS & ENERGY LEVELS FOR 13 JUNE 2016

Bullions: Gold trading near four week high in morning trade. Weaker Asian stocks as investors turned towards safe haven-assets ahead of this week's central bank meetings and Britain's June 23 referendum on its European Union membership. The U.S. Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan will all meet this week. All are expected to hold monetary policy steady against a backdrop of caution about the global economic outlook as well as the impact about a possible "Brexit”.  Previous day’s silver buy call level not executed.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	29700	29850	30200	30350	UP	29500-30200
Silver	40400	40700	41400	41700	UP	40500-41500

 

Energy:  Oil futures ended the week sharply lower on Friday, tumbling almost 3%, as market players continued to monitor supply disruptions across the world for further indications on the rebalancing of the market

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	3180	3240	3340	3390	SIDEWAYS	3260-3350