COMMODITY 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. . For More information visit
www.capitalheight.com/bullion-premium.php

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

Special MCX Offers for Akshaya Tritiya 2016

Gold prices ticked up by Rs 25 to Rs 30,125 per 10 grams in the bullion market today on scattered buying by jewellers driven by the ongoing wedding season amid firm global cues.

For More Information Visit

www.capitalheight.com/bullion-premium.php

         silver eased Rs 60 to Rs 41,040 per kg on lack of buying support from industrial units and coin makers.
          Globally, gold rose 0.16 percent to USD 1,279.70 an ounce in London.
In the national capital, gold of 99.9 percent and 99.5 percent purity inched up by Rs 25 each to Rs 30,125 and Rs 29,975 per 10 grams, respectively.      
       Spot gold eased by 0.3 percent to $1,285.16 an ounce by 0008 GMT.

       Oil prices jumped on Monday as a huge wildfire in Canada's oil sand region knocked out over a million barrels in daily production capacity, contributing to a significant tightening of markets over the past weeks.
           Akshaya Tritiya, considered an auspicious day to buy gold, is likely to be lacklustre this time as jewellers are expecting negative marginal growth compared to last year, on the back of rising gold prices, which is ruling at over Rs 30,000 per 10 grams.

             Akshaya Tritiya Gold Rates, Past Year Prices

Prices on occasion of Akshaya Tritiya
Akshaya Tritiya date	Price (Rs/10 gm)
Apr 21, 2015	26,960
May 2, 2014	28,815
May 15, 2013	26,825
April 24,2012	28,852
May 6, 2011	21,701
May 16, 2010	18,167
April 27, 2009	14,624