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

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

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

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

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

Resistance: 31900-32200

Pivot: 31500

Support: 3000-2850

1 July 2016

BULIONS & ENERGY LEVELS FOR 01 JULY 2016

Bullions: Gold trades yesterday on sideways note and close on higher. Other markets showed signs of stabilizing, but remained on track for its biggest monthly rise since February in the wake of last week's vote in Britain on quitting the European Union.

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	31000	31110	31450	31700	SIDEWAYS	31100-31600
Silver	43000	43500	44200	44900	SIDEWAYS	43000-45000

Energy: On Thursday, Brent fell 93 cents, or 1.8%. The August Brent contract expired at settlement Thursday. The more actively traded September contract fell $1.61, or 3.1%, to $49.71 a barrel.

OUTLOOK: SELL CRUDEOIL BELOW 3280 TGT 3250-3210 SL 3320

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	3230	3280	3390	34440	SIDEWAYS	3230-3360