7 July 2016

BULLION & ENERGY LEVELS FOR 07 JULY 2016

Bullions: Yesterday gold trade higher in mcx in evening session as  in international market Gold hit two year high after bond yields falls  as investor move towards gold as safe haven.

OUTLOOK: BUY GOLD ABOVE 31930 TGT 32200 -32400 SL 31700

               
S2
S1
R1
TREND
R2
GOLD
31700
31900
32350
BULLISH
32500
SILVER
47100
47400
48100
BULLISH
48500


Energy: Crude oil price rose from taking support at $47. U.S. crude for August delivery settled up 83 cents, or 1.8%, at $47.43 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, gained 84 cents, or 1.8%, to $48.80 a barrel.
               
S2
S1
R1
TREND
R2
CRUDEOIL
3080
3140
3230
SIDEWAYS
3290

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