Bullions: Gold may open higher tracking global gold which trades above $1300.The U.S. Federal Reserve kept interest rates unchanged on Wednesday. It still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future years.
Yesterday’s Gold call remains open.
Outlook: BUY GOLD ABOVE 30510 TGT 30700-30900 SL 3025
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
30250
|
30400
|
30700
|
30800
|
UP
|
30200-30850
|
|
Silver
|
40700
|
41200
|
41900
|
42300
|
UP
|
41100-42200
|
Energy: Oil prices
fell after data showed a surprise build in U.S. crude inventories last week,
adding to the market's nervousness around Britain's vote next week on whether
to leave the European Union.
Yesterday’s CRUDEOIL call remains open till further update.
OUTLOOK: SELL CRUDEOIL below 3230 TGT 3190-3150
SL 3270
| COMMODITY |
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3160
|
3210
|
3290
|
3330
|
SIDEWAYS
|
3170-3280
|
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