MCX Crude oil Dec as seen in the weekly chart above has opened the week with gap down at 3,750 levels - Angel Commodities

MCX GOLD Feb (CMP – 28,533 / $ 1248.55)

MCX Gold Feb as seen in the weekly chart above has opened the week with gap down at 29,270 levels and during this week open and high were the same. Later on price could not able to sustain on high levels and corrected sharply toward weekly low of 28,471 levels. This week prices have closed below the previo

11/12/2017 1:00:02 PM | Posted in Commodities Reports read full news
Gold prices extended losses on Friday - Enrich Commodities

GOLD

Gold prices extended losses on Friday, pressurized by the upbeat nonfarm payrolls and reports of a breakthrough in Brexit talks. Risk on sentiment continued to support dollar strength. This led to the safe-havens’ largest weekly drop since May.

The Labor Department said Friday, U.S. nonfarm payrolls rose by 228,000 jobs in November

11/12/2017 12:47:54 PM | Posted in Commodities Reports read full news
Oil prices edged higher on Friday but dropped on Monday morning - Enrich Commodities

CRUDEOIL

Oil prices edged higher on Friday but dropped on Monday morning as the latest rise in the U.S. rig count indicated to a further rise in U.S. production, declining efforts led by OPEC to stiffen markets.

Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers said - "The largest concern for investors currently remai

11/12/2017 12:42:18 PM | Posted in Commodities Reports read full news
ZInc, Silver, Lead, Copper... - Commodities Report By Enrich Commoditiesco

ALUMINIUM

Technical view Aluminium daily chart has formed “Falling wedge” pattern. The last few market sessions have been bearish and have ended up meeting with the channel’s support line which can be read as a retest. The retest could trigger the bullish momentum in the upcoming sessions and the upsid

11/12/2017 12:13:02 PM | Posted in Commodities Reports read full news
Jeera trading range for the day is 21155-21955 - Kedia Commodity

Trading Ideas

Turmeric

Turmeric trading range for the day is 7272-7556.

Turmeric prices dropped on expectation of arrival of new season crop and lower than expected exports figures.

There are expectations of supplies from government auctions and arrivals of medium quality.

Turmeri

11/12/2017 11:39:23 AM | Posted in Commodities Reports read full news
Cardamom on MCX settled up 0.76% at 1053.5 as good demand for the domestic market - Kedia Commodity

Gold

Gold on MCX settled down -0.47% at 28533 and ended the week with 2.93 percent down as pressure continued after progress on U.S. tax reform fueled optimism about the U.S. economy and boosted the dollar. Stronger-than-expected U.S. employment data also demonstrated healthy economic growth and suggested the Federal Reserve will raise interest rates

11/12/2017 11:27:19 AM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 716-732 - Kedia Commodity

Trading Ideas

Soyabean

Soyabean trading range for the day is 3090-3160.

Soyabean prices dropped tracking weakness in spot demand and overseas prices.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 la

11/12/2017 11:06:17 AM | Posted in Commodities Reports read full news
Gold prices Struggled Around Four-month Low,weighed Down - IIFL

Commodities

Gold prices Struggled Around Four-month Low,weighed Down By Stronger Than Expected US Employment Numbers Which Has Now Bolstered The Prospects Of A rate ike in december. on Speculative front non-commercials (Hedge Funds and money managers) trimmed their net long positions on comex Gold To the Lowest Level Since August. Net Length In comex S

11/12/2017 10:46:29 AM | Posted in Commodities Reports read full news
Sell Gold Feb 2018 @ 28650 SL 28770 TGT 28560-28480 - Kedia Commodity

MCX GOLD UPDATE

Gold prices remained under pressure and ended the week with losses after progress on U.S. tax reform fueled optimism about the U.S. economy and boosted the dollar. Stronger-than-expected U.S. employment data also demonstrated healthy economic growth and suggested the Federal Reserve will raise interest rates next week, as expected.

11/12/2017 10:15:24 AM | Posted in Commodities Reports read full news
CPO trading range for the day is 562.2-578 - Kedia Commodity

Trading Ideas

Soyabean

Soyabean trading range for the day is 3108-3176.

Soyabean prices dropped amid easing supply worries in global market following reports of favourable weather.

During November month soybean arrivals across India climbed by 23% compared to previous month on price differe

Lead ,Zinc, Natural Gas, Copper - Enrich Commodities India Pvt Ltd

ALUMINIUM

Technical view Aluminium 4HR chart has formed “Falling wedge” pattern. The last session has successfully been bearish and retested the channel’s support line. The retest is expected to trigger bullish momentum in the upcoming sessions and the upside rally could test 130.50- 131.50 levels. Key

Gold hit a four-month, weighted by strenghth In The grenback - IIFL

Commodities
Gold hit a four-month, weighted by strenghth In The grenback, while ferocious rally in crypto currencies like bitcoin is also diliting speculative interest in the yellow metal. geopolitical developments failed to provide any degree of support to the precious pack. violence was reported across the west bank and

8/12/2017 12:01:00 PM | Posted in Commodities Reports read full news
Nickel trading range For The Day Is 685.4-725 - Kedia Commodity

Gold

Gold on MCX settled down -1.04% at 28667 tracking weakness from Comex Gold prices which tumbled to their lowest in over four months yesterday fell $13 to settle at $1,253.10 an ounce, prices ended at their lowest since July 26, down about 2.3% for the week in the wake of sweeping US tax cuts but the worst could be yet to come for the precious meta

8/12/2017 11:31:40 AM | Posted in Commodities Reports read full news
NYMEX Crude price has given a breakdown of a range bound pattern on the daily chart - Choice Broking

Gold

Comex Gold price has slipped below the previous swing low of $1260 and so far sustained below it. In addition, price has fallen below 61.80% retracement level of the rally from $1204.90 to $1357. The underlying sentiment remains weak with price trading below 200 DEMA on the daily chart. Daily RSI (14) is in bearish crossover and falling. Daily MAC

8/12/2017 11:25:22 AM | Posted in Commodities Reports read full news
Gold prices dipped to four- month lows on Thursday as the dollar strength - Enrich Commodities

GOLD

Gold prices dipped to four-month lows on Thursday as the dollar strength continued on the back of investor hopefulness over the progress of US tax reform.

Gold prices continued to come under pressure, heading for a third-straight day of losses as tax reform optimism continued to support an uptick in the dollar, reducing investor demand f

8/12/2017 11:06:21 AM | Posted in Commodities Reports read full news
The 4HR chart of Crude Oil future market has formed`Double top` pattern - Enrich Commodities

CRUDEOIL

Crude oil prices edged higher on Thursday with the ongoing Geo political tension in the Middle East and threatened strike in Nigeria. Tensions added fuel to doubts of supply disruptions, while ongoing OPEC-led output cuts supported the outlook.

Potential supply disruptions in the wake of growing Middle East political tensions after S

8/12/2017 10:59:24 AM | Posted in Commodities Reports read full news
Sell Gold Feb 2018 @ 28850 SL 29000 TGT 28720-28550 - Kedia Commodity

MCX GOLD UPDATE

Gold prices tumbled to their lowest in over four months yesterday fell $13 to settle at $1,253.10 an ounce, prices ended at their lowest since July 26, down about 2.3% for the week in the wake of sweeping US tax cuts but the worst could be yet to come for the precious metal. Dollar strengthened and investors pulled out of the safe haven

8/12/2017 10:54:36 AM | Posted in Commodities Reports read full news
NCDEX Jan Jeera closed little higher on Thursday on some fresh buying initiated by market participants - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean futures closed lower on Thursday due to technical selling by the market participants after it reaches 4 month high. However, the trend is still positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates for

8/12/2017 10:34:51 AM | Posted in Commodities Reports read full news