BULLIONS & ENERGY LEVELS FOR 15 July 2016

Bullions: Gold trade lower on Friday morning in international after strong equities and firm dollar. The Bank of England kept   interest rates on hold on Thursday, but held out the prospect of a stimulus package soon to help the economy cope with Britain's decision to leave the European Union.

	S2	S1	R1		R2	TREND
GOLD	30700	30800	31050		31200	SIDEWAYS
SILVER	46700	47500	47900		48200	SIDEWAYS

Energy: - Crude prices held weaker in Asia, but retraced earlier losses as China GDP came in better-than-expected, aiding sentiment on demand as retail sales also showed strength. On the New York Mercantile Exchange, WTI crude for August trades at $45.27 a barrel.

	S2	S1	R1		R2	TREND
CRUDEOIL	2960	3000	3090		3130	SIDEWAYS

OUTLOOK: SELL CRUDEOIL BELOW 3010 TGT 2970 2940 SL 3050

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

BULLIONS & ENERGY LEVELS FOR 13 July 2016

Bullions: After strong equities and hope of political stability in Britain eases demand of safe heaven asset like gold. Spot gold fell as much as 1.1 percent to $1,340.26 an ounce.

GOLD	30850	30900	31200		31300	BEARISH
SILVER	46700	47000	47700		48000	SIDEWAYS

Energy: Crude oil prices eases gain of Tuesday after surprising estimates of a build in U.S. stockpiles last week and on profit-taking after sharp overnight. The American Petroleum Institute reported that U.S. crude supplies rose by a surprise 2.2 million barrels for the week ended July 8.

	S2	S1	R1		R2	TREND
CRUDEOIL	3060	3100	3142		3190	SIDEWAYS

BULLIONS & ENERGY LEVELS FOR 12 July 2016

Bullions: Gold was trading sideways after falling in the previous session, with markets anticipating whether the latest U.S. jobs data boosted the prospects of an early interest rate hike by the Federal Reserve. In international spot gold is trading around $1356.85.

	S2	S1	R1		R2	TREND
GOLD	31250	31400	31700		31850	SIDEWAYS
SILVER	47000	47400	48200		48600	SIDEWAYS

Energy: Crude oil trades near lower range. International Brent crude oil futures were trading at $46.13 per barrel near to the $45.90 two-month lows reached the previous day. U.S. West Texas Intermediate (WTI) crude was down 13 cents at $44.63 a barrel.

CRUDEOIL

2930

2970

3060

3110

BEARISH

BULLIONS & ENERGY LEVELS FOR 11 July 2016

Bullions: Gold pares loss of Friday‘s decline after U.S. job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull, but tepid wage growth could see the Federal Reserve remain cautious about hiking interest rates.

	S2	S1	R1		R2	TREND
GOLD	31350	31500	31900		32100	SIDEWAYS
SILVER	46700	47000	47800		48100	SIDEWAYS

Energy: Oil futures ended Friday’s session close to two-month lows as concerns over the global economic outlook combined with data showing that the U.S. oil rig count rose for the fifth time over the past six weeks weighed.

	S2	S1	R1		R2	TREND
CRUDEOIL	2950	3010	3100		3150	BEARISH