BULIONS & ENERGY LEVELS FOR 17 JUNE 2016

Bullions: Gold may open lower tracking after us market recovers from lows and the suspension of Britain's campaign for next week's referendum after a Member of Parliament was shot dead. British Member of Parliament Jo Cox, who was killed in the street in her constituency in northern England earlier in the day, had been a vocal supporter of Britain remaining within the EU.

Yesterday’s Gold call achieved our final TGT profit of Rs 39000/- in one lot

 

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	30200	30450	30750	30900	UP	30200-30900
Silver	40700	41200	41900	42300	UP	41600-42400

 

Energy: After sharp selloff Oil prices can show some pull back till 3200 level in MCX. WTI crude futures rose 27 cents, or 0.6 percent, at $46.48. The contract fell 3.8 percent in the previous session and prices are down more than 5 percent.

Yesterday’s CRUDEOIL call achieved our final TGT 3150 profit of Rs 8000/- in one lot.

OUTLOOK: SELL CRUDEOIL below 3230 TGT 3190-3150 SL 3270

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	3040	3090	3170	3230	SIDEWAYS	3110-3210