2 July 2016

Weekly Commodity Report 04 July 2016 to 08 July 2016

Weekly Support & Resistance for CRUDEOIL  

Resistance: 3370-3450

Pivot: 3130

Support: 3000-2850

CRUDEOIL: Crude oil will be trade in the range of 3100-3400. It may face major resistance around level of 3400.



















Outlook: SELL CRUDEOIL BELOW 3100 TGT 2850-2600 SL 3250


Bullion : Gold and Silver both trade higher last week and made high 31740 and 45419 in MCX. On higher side gold can rise up to 32500. If Gold trades below 31100 then some sort of profit booking expected.



















Resistance: 31900-32200

Pivot: 31500

Support: 3000-2850