Bullions:
Yesterday gold rise in evening session on US Unemployment data which give
intraday spurt in gold prices. If prices hold the support of 29650 region may
lift prices higher towards the upside objective of 30160–220 region. On the
contrary weakness may see only below 29650 regions
Outlook: BUY GOLD B/W
29750-29770 TGT 29940-30080 SL 29600
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Gold
|
29600
|
29780
|
30050
|
30120
|
SIDEWAYS
|
29700-30080
|
|
Silver
|
40000
|
40400
|
40803
|
41200
|
SIDEWAYS
|
40700-41500
|
Energy:
Oil prices gains yesterday
supported by data revealed an unexpected drop in US crude inventories. Crude oil may trade flat to positive
on morning session. Prices
likely to edge up towards the immediate objective of 3125/3160 region. While in
this buying sentiment fall below 3050 region may surrender today gains and such
move may find support at 2990 region.
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude oil
|
2920
|
2990
|
3125
|
3160
|
SIDEWAYS
|
3040
-3150
|
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