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

Gold Live Report By CapitalHeight

Gold retained overnight gains in Asian trading on Wednesday on weakness in the dollar and equities, but investors remained cautious after Federal Reserve officials talked up the prospect of US interest rate increases this year. For More Information visit www.capitalheight.com/bullion-premium.php

• Spot gold was little changed at USD 1,278.65 per ounce at 0042 GMT, after gaining 0.5 percent on Tuesday.
• Gold has rallied 20 percent this year on speculation that the Fed has slowed its expected pace of rate increases on concerns over the volatility in global markets.
• SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.56 percent to 855.89 tonnes on Tuesday, the highest since November 2013.
• Asian shares stepped back on Wednesday after strong US inflation data and comments from Fed officials rekindled the prospects of the central bank raising rates later this year.
• Oil prices rose for a second straight day on Tuesday, with US futures hitting seven-month highs, on expectations of a drawdown in US crude stockpiles and a new wildfire threat on Canadian oil supplies.
• International Brent crude futures were trading at USD 49.31 per barrel at 0047 GMT, 3 cents above their last settlement, while US West Texas Intermediate crude futures were unchanged at USD 48.31 a barrel.

BULLION & ENERGY OUTLOOK & FREE TIPS FOR 12 MAY 2016

Bullion: Gold prices to trade sideways after some pull back in US dollar index. Gold offs lows of last week and trade near Rs 30000 in MCX. Appetite for gold appeared to have eased after the metal failed to convincingly breach the $1,300 resistance level last week. For More Information visit

www.capitalheight.com/bullion-premium.php

           

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Gold	29600	29800	29935	30080	SIDEWAYS	29700-30080
Silver	40400	40800	41600	41900	SIDEWAYS	40700-41500

Energy: Oil prices rallied yesterday after data revealed an unexpected drop in US crude inventories. The US Department of Energy (DoE) today said the country's commercial crude stockpiles slid by 3.4 million barrels last week. Analysts' consensus had been for a rise of 750,000 barrels. Crude oil may trade flat to positive on morning session.

"Outlook: BUY CRUDEOIL BETWEEN 3020-3030 TGT 3090-3140 SL 2990"

COMMODITY	S2	S1	R1	R2	TREND	RANGE
Crude oil	2970	3030	3080	3140	BULLISH	3020-3150

          Cruid Oil View