Bullions: Gold rose in
early session on Monday, as slowing economic growth in China and weakness in
Asian stock markets. China’s investment, factory output and retail sales all
grew more slowly than expected in April, adding to doubts about whether the
world's second-largest economy is stabilizing, data released on Saturday showed.
Weak dollar also factor for
lifting precious metal prices.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
29633
|
29833
|
30151
|
30269
|
SIDEWAYS
|
29750-30200
|
|
Silver
|
39983
|
40479
|
41244
|
41520
|
SIDEWAYS
|
40500-41400
|
Energy:
CRUDE-OIL prices edged up in
early trading on international market as output falls in Nigeria and worries
about political instability in Venezuela tightened the market, although rising
OPEC output and a stronger dollar capped gains.
OUT LOOK: "BUY CRUDEOIL BETWEEN
3050-3070 TGT 3120-3160 SL 3000"
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
3000
|
3040
|
3140
|
3190
|
BULLISH
|
3000-3150
|
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