5 July 2016

BULLIONS & ENERGY LEVELS FOR 05 July 2016

Bullions: Gold trade sideways today on an easing dollar and weaker Asian market. In mcx gold is trading in sideways after band after sharp rally.

OUTLOOK: SELL GOLD BELOW 31720 TGT 31600-31500 SL 31820

















            COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
31380
31520
31900
32030
BULLISH
31300-31900
Silver
47500
47900
48600
48900
SIDEWAYS
47700-48900








Energy: Crude prices open lower today, with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year. International benchmark Brent crude oil futures were trading at $49.95 per barrel.

COMMODITY
S2
S1
R1
R2
TREND
RANGE
Crude oil
3180
3230
3330
3380
SIDEWAYS
3230-3330

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