Evening Update For 27th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due today at 6:00 pm IST.

* Bank of Japan kept its monetary policy unchanged.

* LME Copper stocks fell by 0.3 percent on Wednesday.

European markets are trading lower ahead of the ECB Press conference wherein status quo is widely expected. Asian markets are trading mixed and the US

27/04/2017 4:58:09 PM | Posted in Commodities Reports read full news
Gold remained mixed as spot prices ended with small gains - Reliance Sec

FUNDAMENTALS

Gold remained mixed as spot prices ended with small gains, while the futures ended with marginal losses. 

U.S. Treasury yields turned lower and the Dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits. This limited downside in gold pr

27/04/2017 2:15:37 PM | Posted in Commodities Reports read full news
International Natural gas prices are trading marginally lower - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil prices settled mixed with NYMEX ending marginally higher, while Brent ending lower on Wednesday 

U.S. West Texas Intermediate (WTI) June futures settled up 6 cents at $49.62 per barrel, while Brent June crude, the international benchmark, ended down 16 cents at $52.41

27/04/2017 1:56:51 PM | Posted in Commodities Reports read full news
Menthaoil trading range for the day is 928.7-952.3 - Kedia Commodity

Gold

Gold on MCX settled down -0.33% at 28719 as investor appetite for riskier assets surged on renewed optimism over the U.S. economy and as political uncertainty in France receded, softening demand. President Donald Trump unveiled a one-page plan proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted

27/04/2017 12:25:53 PM | Posted in Commodities Reports read full news
We expect Jeera futures to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures continue fall this week for the third consecutive session on Wednesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 4750 tonnes. As per Agmarknet, arrivals of soybean during

27/04/2017 11:37:41 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by 0.42 percent to close at $1268.7 per ounce buoyed by short-covering on Wednesday as U.S. Treasury yields turned lower and the dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits.

Trump proposed c

27/04/2017 11:28:54 AM | Posted in Commodities Reports read full news
Evening Update For 26th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due tomorrow.

* German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks fell by 0.3 percent on Tuesday.

 

European markets are trading sideways ahead of the ECB Press conference due tomorrow. Asian markets are trading higher and the US stocks

26/04/2017 5:50:10 PM | Posted in Commodities Reports read full news
Copper prices are currently trading higher - Angel Commodities

Bullion

Gold

Spot gold prices declined by 0.93 percent on Tuesday to close at $1263.4 per ounce as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

A gauge

26/04/2017 3:49:54 PM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures see a steep fall of 2% on Tuesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 7500 tonnes. As per Agmarknet, arrivals of soybean during Apr 1- 25 is 2,32,853 tonnes while dur

26/04/2017 3:33:01 PM | Posted in Commodities Reports read full news
Natural gas price ended lower - Reliance Sec

FUNDAMENTALS – CRUDE OIL


Oil prices settled slightly higher on Tuesday in volatile trading. However after hours data from an industry group's preliminary report showed a surprise build in U.S. crude inventories. This limited upside. 
Oil prices fluctuated throughout the day after falling sharply over the previous six sessi

26/04/2017 3:17:57 PM | Posted in Commodities Reports read full news
Indian gold prices could open down, tracking weak overseas prices - Reliance Sec

FUNDAMENTALS

Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.


Spot gold ended down 0.93% at $1,263.4 an ounce and was on track for its weakest

26/04/2017 2:41:33 PM | Posted in Commodities Reports read full news
Sell Crude Oil Rise On 3180-3190 target 3150-3100 stop loss at 3215 - Enrich Commodities

CRUDEOIL

Crude Oil on Monday April 2017, Crude Oil May month futures prices down by -7 pts (-0.22%) closed at 3183, Crude Prices May month contract trading range between 3194-3154 on the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $49.56 a barrel.

Traders said that a report late o

26/04/2017 8:20:27 AM | Posted in Commodities Reports read full news
Sell Gold below 28800 Target 28700-28600 Stop losses at 28900 - Enrich Commodities

GOLD 
Gold, June month contract prices down by (-317 points) & closed at 28814 trading range between 29070-28814 and Comex Gold futures closed at $1267.20 division of the New York Mercantile Exchange.
 Gold prices dipped slightly in Asia on Wednesday with no fresh support triggers in regional tensions on the Korean peninsula and cauti

26/04/2017 8:08:20 AM | Posted in Commodities Reports read full news
Soyabean trading range for the day is 2933-3063 - Kedia Commodity

Gold 


Gold on MCX settled down -1.09% at 28814 as increased investor appetite for risk boosted equities and dulled demand for safe-haven assets. Bullion fell 0.9 percent on Tuesday, the biggest one-day decline since early March. U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-

26/04/2017 1:29:19 PM | Posted in Commodities Reports read full news
Evening Update For 25th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due on Thursday.

*  German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks plunged by 1 percent on Monday.

European markets are trading mostly higher as pro growth centrist Emmanuel Macron turned up to be the lead in the first round. Asian markets are

25/04/2017 5:26:20 PM | Posted in Commodities Reports read full news
Natural gas prices are trading marginally higher - Reliance Sec

Highlights :  

* Oil prices slipped on Monday, extending last week's decline, on lack of confirmation that OPEC will extend output cuts until the end of 2017 and as Russia indicated it can lift output if the deal on curbs lapses.

* Brent crude July futures ended the session 31 cents lower at $52.13 per barrel after hitting a session

25/04/2017 2:42:10 PM | Posted in Commodities Reports read full news
The Silver May contract open interest rose by 2.97% - Reliance Sec

RECOMMENDATIONS

FUNDAMENTALS

Gold fell on Monday, after the market's favoured French presidential candidate won the first round of the country's election, but prices pared losses as U.S. Treasury yields came off their highs.

Spot gold ended down 0.69% at $1,275.20 an&

25/04/2017 2:27:48 PM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 192.2-205.2 - Kedia Commodity

Gold

Gold on MCX settled down -0.98% at 29131 as polls showed centrist candidate Emmanuel Macron easily beating anti-EU stalwart Marine Le Pen in the May 7 French presidential election. Macron emerged as the top vote-getter in yesterday's first round of the French electoral process. A victory for Macron next month would likely mean the status quo

25/04/2017 12:37:36 PM | Posted in Commodities Reports read full news
Sell Gold Below 28900 Target 28800-28700 Stop loss at 29000 - Enrich Commodities

GOLD

Gold, June month contract prices down by (-287 points) & closed at 29131 trading range between 29250-28960 and Comex Gold futures closed at $1277.50 division of the New York Mercantile Exchange.

Gold prices slumped on Monday, as investors pulled out of safe-haven assets such as gold, after pro-European candidate Emmanuel Macron won t

25/04/2017 12:20:28 PM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures corrected on Monday due to profit booking at higher levels but the trend is higher as supplies are diminishing and demand for crushing is intact due to encouraging soy meal exports. As per Agmarknet, arrivals of soybean during Apr 1-20 is 1,75,634 tonnes while duri

25/04/2017 12:06:02 PM | Posted in Commodities Reports read full news
Sell Crude Oil Rise on 3200-3210 Target 3175-3125 Stop loss at 3250 - Enrich Commodities

CRUDEOIL

Crude Oil on Monday April 2017, Crude Oil May month futures prices down by -18 pts (-2.82%) closed at 3208, Crude Prices May month contract trading range between 3247-3176 On the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $49.23 a barrel.

Later on Tuesday, the American P

25/04/2017 11:55:57 AM | Posted in Commodities Reports read full news