Evening Update For 24th March 2017 - Angel Commodities

News and Analysis

* US Healthcare bill set for vote in the Congress today.

* US crude oil stocks surged by 5 million barrels.

* Shanghai Copper stocks fell to 312,584 tonnes this week. 

 

European stocks are trading lower as investors are cautious ahead of the Republican health-care bill vote in the Con

24/03/2017 5:00:54 PM | Posted in Commodities Reports read full news
Nickel trading range for the day is 646.8-663.8 - Kedia Commodity

Gold

Gold on MCX settled down -0.29% at 28800 amid a firmer dollar as markets waited to see if U.S. President Donald Trump will face hurdles on his economic agenda. Dallas Federal Reserve Bank President Robert Kaplan said Thursday that the U.S. central bank should be moving "deliberately but patiently" to remove monetary policy accommodation

24/03/2017 11:31:46 AM | Posted in Commodities Reports read full news
We expect Crude Oil prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.32 percent to close at $1244 per ounce as the dollar index, which measures the greenback against a basket of currencies, was slightly firmer at 99.769. It had dropped to its lowest in nearly seven weeks at 99.547 on Wednesday.

The European Cen

24/03/2017 11:04:48 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector. U.S. stocks rose slightly on Thursday, with gains limited by signs that President Donald Trump was struggling to get enough votes to pass a healthcare bill in Congress, while European shares r

24/03/2017 10:50:36 AM | Posted in Commodities Reports read full news
Buy Gold Dips on 28750-28780 Target 28850- 28950 Stop loss 28700 - Enrich Commodities

Gold

Gold on Wednesday 23rd March 2017, Gold prices down by -85pts () & closed at 28800 trading range between 28948-28750 and April Comex Gold futures closed at $1247.20, division of the New York Mercantile Exchange.

Gold prices pulled back from a session high of 28950 ($1,253.15) in early morning US trade weighed by a rise in the dollar,

24/03/2017 10:31:10 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged higher on Thursday due to higher demand even the supplies have been higher compared to last week. As per Agmarknet, arrivals of soybean this week till Thursday are about 48,859 tonnes Vs 23,832 tonnes last week same time. There is a good domestic as well a

24/03/2017 10:23:57 AM | Posted in Commodities Reports read full news
Buy Crude oil Dips on 3120-3130 target 3150-3175 stop loss at 3100 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday 22nd March 2017, Crude Oil April futures prices down by 21pts closed at 3143, trading range between 3187-3130. On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 47.70 a barrel.

Crude prices fell on Thursday, on track for a weekly loss amid

24/03/2017 10:17:10 AM | Posted in Commodities Reports read full news
Evening Update For 23rd March 2017 - Angel Commodities

News and Analysis

* US Healthcare bill set for vote in the Congress today.

* US crude oil stocks surged by 5 million barrels.

* LME Copper stocks plunged by 2.1 percent on Wednesday. 

 

European stocks are trading mixed as investors are cautious ahead of the Republican health-care bill vote in the Congr

23/03/2017 4:48:56 PM | Posted in Commodities Reports read full news
Castor seed surges on weaker output, higher export prospects - Angel Commodities

Outlook

The price of castor seed have been surging this year as supplies have been on lower side. Country is going to see second successive year of lower production mainly due lower acreage. Despite the

steady exports demand for meal and oil during the first two months of 2017, the prices have been in the higher side.

According to t

23/03/2017 12:08:33 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose by 0.4 percent to close at $1248.9 per ounce and traded at three-week high levels as risk-averse investors dumped equities amid a weaker dollar and sought safe havens on growing doubts about U.S. President Donald Trump's economic agenda.

Earlier,

23/03/2017 11:25:03 AM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3077-3217 - Kedia Commodity

Gold

Gold prices gained as the dollar fell to seven-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump. A lack of concrete policy from the Trump administration is increasing gold's attraction as a safe-haven investment. U.S. home resales fell more than expected in February amid a persistent short

23/03/2017 11:09:45 AM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged higher on Wednesday on expectation of good demand from Industries. The supplies have been lower due to lower prevailing prices. There is steady domestic as well as export demand. Soybean exports during OctFeb were estimated at 112,000 tonnes, compared with

23/03/2017 10:50:46 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold climbed to a three-week high on Wednesday as the dollar fell to seven-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump.

Trump and Republican congressional leaders appeared to be losing the battle to get enough support to pass their Obamacare rollback bill. Mark Meadows, who head

23/03/2017 10:43:33 AM | Posted in Commodities Reports read full news
Buy Crude oil Dips on 3140-3150 target 3175-3200 stop loss at 3100 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday 22nd March 2017, Crude Oil April futures prices down by 4 pts closed at 3164, trading range between 3104-3271.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 48.04 a barrel.

The U.S. Energy Information Administration said in its weekly re

23/03/2017 9:36:55 AM | Posted in Commodities Reports read full news
Buy Gold Dips on 28800 Target 29100- 29500 Stop loss 28400 - Enrich Commodities

Gold

Gold on Wednesday 22th March 2017, Gold prices up by 34pts (0.12%) & closed at 28885 trading range between 28803-28929 and April Comex Gold futures closed at $1249.70, division of the New York Mercantile Exchange.

Gold prices rose to a three-week high during market on Wednesday, as growing doubts about U.S. President Donald Trump&rsq

23/03/2017 9:26:01 AM | Posted in Commodities Reports read full news
Evening Update For 22nd March 2017 - Angel Commodities

News and Analysis

* Strike at Escondida mine in Chile to ease soon.

* US crude oil stocks expected to gain 1.9 million barrels.

* LME Copper stocks plunged by 1.8 percent on Tuesday. 

 

European stocks are trading lower as global investors are skeptical on the president’s ability to enact his pro-

22/03/2017 4:55:33 PM | Posted in Commodities Reports read full news
MCX Copper currently at Rs.377/kg, is at the lowest level - Angel Commodities

Below Is the views on Supply concerns ease, Copper sneeze By Ms. Kaynat Chainwala (Research Analyst- Base Metals, Angel Broking Pvt Ltd)

“Currently, there is a major turnaround in the Copper bullish story as the metal is facing the heat, all thanks to easing of supply disruption concerns at the major mines. MCX Copper currently at Rs.377/kg, is a

22/03/2017 3:23:46 PM | Posted in Commodities Reports read full news
Buy Gold Dips on 28750-28700 Target 29000- 29200 Stop loss 29600 - Enrich Commodities

Gold

Gold on Tuesday 21st March 2017, Gold prices down by 346pts (1.21%) & closed at 28851 trading range between 28392-28881 and April Comex Gold futures closed at $1246.50, division of the New York Mercantile Exchange.

Gold prices surged on Tuesday to a three-week high after the dollar skidded against a basket of currencies to a six-week

22/03/2017 11:20:15 AM | Posted in Commodities Reports read full news
Sell Crude oil rise on 3175-3185 target 3150-3135 stop loss at 3220 - Enrich Commodities

Crude Oil

Crude Oil on Tuesday 21th March 2017, Crude Oil April futures prices down by 50pts (1.55%) closed at 3168, trading range between 3165-3243.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $48.24 a barrel.

Crude prices fell on Tuesday before trimming the gains ami

22/03/2017 11:11:38 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by around 1 percent to close at $1244.5 per ounce as prices rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term U.S.

22/03/2017 11:04:31 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term U.S. interest rate hikes pushed the dollar lower.

The Fed's policy statement last Wednesday was less hawkish than expected, dampenin

22/03/2017 10:50:51 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged lower on Tuesday mainly on profit booking. The supplies have been lower due to lower prevailing prices. There is steady domestic as well as export demand at lower levels. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186

22/03/2017 10:27:00 AM | Posted in Commodities Reports read full news