Bullion: On Friday Gold price saw sharp pull back from
recent lows after weak U.S. employment data, which can sharply cut the chance
of a near-term U.S rate hike. Market will be looking for signals from Fed chair
Janet Yellen this week about the U.S. central bank's next rate move. At an
event on Monday in Philadelphia, Yellen gets her last chance to offer insight
into Fed thinking before a media blackout takes effect ahead of the June 14-15
monetary policy meeting.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
28610
|
28999
|
29598
|
29800
|
SIDEWAYS
|
28600-29500
|
|
Silver
|
38180
|
38630
|
39410
|
39740
|
UP
|
38500-39500
|
Energy: Oil futures
ended lower on Friday, after data showed the U.S oil rig count rose the first
time in 11 weeks last week, underlining concerns over growing supplies. In the
week ahead, oil traders will be focusing on U.S. stockpile data on Tuesday and
Wednesday for fresh supply-and-demand signals. In MCX crude oil is trading in
sideways band of price range 3220-3335. Any move outside this range with volume
can give trading opportunities.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3190
|
3222
|
3305
|
3356
|
SIDEWAYS
|
3250-3356
|
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