9 June 2016

BULIONS & ENERGY LEVELS FOR 09 JUNE 2016

Bullions: Gold hit a fresh three week high early Thursday, after overnight, helped by a weaker dollar and no early expectations of an interest rate hike by the U.S. Federal Reserve at its meeting next week.
Our buy call on gold at Rs 29250 given on 07June 2016 achieved our first TGT of Rs 29600 and made high Rs 29725 yesterday , profit of Rs 35000 in one lot.


            COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
29000
29200
29800
30100
UP
29100-29900
Silver
39300
39500
40000
40500
UP
39500-40500
 
Energy:  Oil prices remained near 2016 highs in early trading on Thursday, supported by a fall in U.S. crude inventories, a weaker dollar and strong demand. Data from the U.S. Energy Information Administration (EIA) showed U.S. crude stocks last week fell by 3.23 million barrels to 532.5 million barrels, marking their third consecutive weekly fall.
 
 
COMMODITY
S2
S1
R1
R2
TREND
RANGE
Crude oil
3340
3360
3430
3465
UP
3340-3440
 
 

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