8 July 2016

BULLION & ENERGY LEVELS FOR 08 JULY 2016

Bullion: Precious metal Gold price fall on strong US jobs data which support dollar as a result some profit booking from higher level in gold and silver. Volatile stock market after uncertain exit of Britain keeps on higher side. Yesterday’s Gold buy call remains open.
               
S2
S1
R1
R2
TREND
GOLD
31550
31700
32000
32150
SIDEWAYS
SILVER
46100
46500
47200
47600
SIDEWAYS

Energy: Crude oil price decline after the U.S. government reported a weekly crude draw that disappointed market bulls expecting larger declines. Asian crude demand is slowing and by some measures falling, market participants said could be due to an economic slowdown and perhaps even more permanent structural changes.


















               
S2
 S1
R1
R2
TREND
CRUDEOIL
2970
3020
3100
3150
BEARISH

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