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

             

MCX Market Live Update By CpitalHeight

Gold was set to post its biggest weekly decline in six weeks on Friday. For More Information Visit
www.capitalheight.com/bullion-premium.php

     Spot gold was little changed at $1,278.70 an ounce by 0318 GMT.

      Gold is sensitive to interest rates as rising rates lift the opportunity cost of holding non-yielding bullion.

       Among other precious metals, silver was poised for a near 3 percent weekly loss, after four weeks of gains. Platinum  was down 1 percent, snapping a five-week winning streak, while palladium was set to post a 4 percent loss for the week.

                 PRICES AT 0318 GMT   

         Metal                     Last        Change           Pct chg

        Spot gold               1278.7      1.04               0.08

        Spot silver             17.29      -0.036             -0.21

        Spot platinum       1062.3      4.56             0.43

        Spot palladium      600.5        3.45           0.58

       Comex gold           1280.9          8.6          0.68

       Comex silver          17.38          0.053         0.31

Live MCX Market By CapitalHeight

Gold ticked up on Thursday, helped by a softer dollar and Federal Reserve Chair Janet Yellen's caution over higher U.S. interest rates, but gains were capped by a rally in global equities.

             The metal was set to record its strongest three-month performance in nearly 30 years in the first quarter, bolstered by safe-haven demand.

          Spot gold XAU= had risen 0.2 percent to $1,226.66 an ounce by 0045 GMT.

The metal had gained nearly 2 percent on Tuesday.

             Gold retreats after Tuesday's 1.7 pct gain.

Asian shares edged up to a four-month high on Thursday, taking cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk sentiment.

             Gold up 15.6 pct in first quarter on safe-haven demand.

Asian shares at four-month top, limiting gold's gains.

            Bullion rallied sharply since this year as worries over global economic growth and a slowdown in China shook up stock markets, triggering safe-haven demand for the yellow metal.

       Gains in the metal were capped by a rally in global equities.

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