14 July 2016

BULLIONS & ENERGY LEVELS FOR 14 July 2016

Bullions: Yesterday Gold traded in narrow range after rising as much as 1 percent in the previous session, buoyed by expectations that central banks could cut interest rates. Spot gold had inched up 0.2 percent at $1,345.46 per ounce.





















S2
S1
R1

R2
TREND

GOLD
30950
31100
31400

31540
SIDEWAYS

SILVER
47200
47500
48100

48500
SIDEWAYS


Energy: Crude oil off yesterday’s low in morning trade as investors bought on a dip overnight on data. On Wednesday morning, the U.S. Energy Information Administration (EIA) said in its Weekly Petroleum Status Report that commercial crude inventories decreased by 2.5 million barrels last week. Inventories are still at historically high levels for this time of year.
           
S2
S1
R1

R2
TREND
CRUDEOIL
2910
2960
3040

3090
SIDEWAYS

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