BULLION: Gold may open sideways and trade on weak note. US data
like nonfarm payroll increased by 173,000 jobs from April to May. Also number
of new applications for jobless claim benefits fell last week which create
overhead resistance in gold price at $1220.
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
Gold
|
28688
|
28776
|
28995
|
29125
|
SIDEWAYS
|
28400-29120
|
Silver
|
38300
|
38400
|
38700
|
38900
|
SIDEWAYS
|
38300-38900
|
ENERGY: Oil prices rose on
Thursday after data showing a weekly drawdown in U.S. crude stockpiles helped
crude markets recover from OPEC's decision not to set a ceiling for its production. Yesterday’s
our crude oil sell call achieved 1st TGT 3260 and made low 3242 near our final
target and bounce back after us inventory data.
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
Crude oil
|
3210
|
3260
|
3349
|
3385
|
SIDEWAYS
|
3240-3350
|
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