20 May 2016

BULLIONS & ENERGY LEVELS FOR 20 MAY 2016

Bullions: Gold steadied after two days of losses on Friday, but was on track for its biggest weekly slide in eight weeks on the back of a firmer dollar and indications from the U.S. Federal Reserve that it could raise interest raise rates as early as June.
Yesterday’s our negative stance on silver work silver breach 40000 our all achieved at 40200. .
COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
29500
29650
29950
30050
SIDEWAYS
29500-29900
Silver
39100
39500
40200
40600
SIDEWAYS
39400-40200

Energy: Crude oil trade higher in evening session in MCX after may contract expiry. Brent and WTI closed sharply off the session lows due to crude export problems facing Canada's Suncor Energy (SU.TO) and reports of trouble at Nigeria's Qua Iboe crude oil terminal.
"OUTLOOK: Buy June Crude Oil between 3225 – 3235, SL – 3180, Target – 3300 / 3320"



















COMMODITY
S2
S1
R1
R2
TREND
RANGE
Crude oil
3200
3240
3340
3370
BULLISH
3150-3295

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