15 July 2016

BULLIONS & ENERGY LEVELS FOR 15 July 2016

Bullions: Gold trade lower on Friday morning in international after strong equities and firm dollar. The Bank of England kept   interest rates on hold on Thursday, but held out the prospect of a stimulus package soon to help the economy cope with Britain's decision to leave the European Union.

















S2
S1
R1

R2
TREND

GOLD
30700
30800
31050

31200
SIDEWAYS

SILVER
46700
47500
47900

48200
SIDEWAYS


Energy: - Crude prices held weaker in Asia, but retraced earlier losses as China GDP came in better-than-expected, aiding sentiment on demand as retail sales also showed strength. On the New York Mercantile Exchange, WTI crude for August trades at $45.27 a barrel.
           
S2
S1
R1

R2
TREND
CRUDEOIL
2960
3000
3090

3130
SIDEWAYS


OUTLOOK: SELL CRUDEOIL BELOW 3010 TGT 2970 2940 SL 3050


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