Bullions: Gold trade higher in early trade on Tuesday, after falling
to a 3 month low in the previous session, but bullion remained on track for its
biggest monthly decline since November. Yesterdays silver level not executed.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
28600
|
28700
|
28980
|
29100
|
Down
|
28400-28970
|
|
Silver
|
37900
|
38250
|
38900
|
39300
|
Sideways
|
38200-38900
|
Energy: Prices
continue to trade near $50 price level but find the resistance hard to breach.
Although WTI and Brent oil did move above the $50 price last week it as only
for a brief period of time. Traders remain focused on 02 June Thursday’s
Producers Meeting.
OUTLOOK: BUY CRUDEOIL JUN BETWEEN 3330-3340 TGT
3400-3460 SL 3270
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3270
|
3330
|
3386
|
3430
|
Bullish
|
3320-3450
|
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