Evening Update For 28th June 2017 - Angel Commodities

News and Analysis

* Janet Yellen reiterates on gradual rate hikes.

* LME Copper inventories fell by 0.8 percent on Tuesday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading mixed today weighed down by persistent fall in crude oil prices. Asian markets ended lower and th

28/06/2017 5:46:41 PM | Posted in Commodities Reports read full news
Natural gas prices traded higher on warmer temperatures - Alpha Commodity

Bullion

* Gold silver prices traded volatile with mixed factors in play. Prices traded steady on UK election uncertainty and ECB policy. The dollar index witnessed declined on US health care bill delay and ECB comments. Gold ETF holdings declined to 853.68 tonnes with lack of investors’ interest.

* Prices are expected to trade firm on mixed US economic data which are r

28/06/2017 4:05:14 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Spot Gold prices closed marginally higher by 0.2 percent at $1247 per ounce as weakness in the DX after European Central Bank President Mario Draghi said in a speech in Portugal that changes to the central bank’s accommodative posture may see the ECB move “not in order to tighten the p

28/06/2017 12:25:14 PM | Posted in Commodities Reports read full news
This can potentially destabilize the financial markets - IIFL

Commodities

Precious metals bizarrely failed to benefit from weakness in US dollar, Postponement of US Senate vote on new healthcare bill and ratcheting Geopolitical tensions. On geopolitical front, US warned Syria of severe consequences, if it Conducts another chemical attack, as suspected by current intelligence. This warning was retaliated

28/06/2017 12:21:43 PM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX closed higher on Tuesday despite good sowing progress. The prices have been supported by lower level buying and good physical markets players. The current prices have been 20% lower as compared to last year prices and there is further scope of price rise

28/06/2017 11:57:33 AM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 621-637 - Kedia Commodity

Gold

Gold on MCX settled up 0.15% at 28553 as bargain hunting set in and the dollar fell before speeches by US Federal Reserve officials. The U.S. dollar slid to 10-month lows against the euro after the ECB's Draghi opened the door to steps that might begin to reduce the central bank's stimulus. U.S. Senate Republican leaders postponed a vote

28/06/2017 11:35:58 AM | Posted in Commodities Reports read full news
Buy Crude Oil around 2840-45 Target 2865-2900 stop loss at 2825 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 27th June 2017, Crude Oil June futures prices Up by 59 pts (2.11%) closed at 2860, trading range between 2807 -2877 on the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $44.02 a barrel.

Oil prices fell early on Wednesday after a report of rising U

28/06/2017 11:10:40 AM | Posted in Commodities Reports read full news
Buy Gold around 28500 Target 28550-28600 Stop loss at 28460 - Enrich Commodities

GOLD

Gold on Tuesday 27th June 2017, Gold prices up by 43 pts closed at 28553 trading range between 28473-28648 and August Comex Gold futures closed at $1246.90 division of the New York Mercantile Exchange.

Gold prices moved off six-week lows, after the dollar fell to a seven-month low against rivals but gains were capped as Fed chair Janet Y

28/06/2017 10:56:54 AM | Posted in Commodities Reports read full news
Evening Update For 27th June 2017 - Angel Commodities

News and Analysis

*  Markets to watch for Janet Yellen speech tonight.

* LME Copper inventories continue to decline consistently

* Consumer confidence from US will be a close watch tonight

European markets are trading lower today, Asian markets ended mixed and the US stocks futures are trading in red Gold prices

27/06/2017 5:35:31 PM | Posted in Commodities Reports read full news
We expect bullion gold prices to trade sideways - Alpha Commodity

Bullion

 * Gold silver prices traded volatile with mixed factors in play. Prices traded steady on UK election uncertainty and ECB policy. The dollar index witnessed marginal recovery pressuring the bullion to trade lower. Gold ETF holdings declined to 853.68 tonnes with lack of investors’ interest.

* Prices are expected to trade fi

27/06/2017 3:45:58 PM | Posted in Commodities Reports read full news
We See Gold Prices continue trading in a narrow range - IIFL

Commodities

Gold prices fell to six week low, with the complex exerted lower by a hawkish Fed and surging global equities. Moreover, reports of a fat finger trade also weighed on the prices. In this regard, a large sell order of 18,500 gold lots and 5,000 ounces of silver were mistakenly punched on COMEX. On geopolitical front, US Supreme Court partial

27/06/2017 2:49:20 PM | Posted in Commodities Reports read full news
Sell Crude Oil below 2800-2810 targets 2770-2750 Stop loss 2818 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 27th June 2017, Crude Oil June futures prices Up by 24 pts (0.86%) closed at 2801, trading range between 2757 -2812 on the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $43.36 a barrel.

Crude oil futures were largely unchanged in early Asian trade

27/06/2017 11:31:47 AM | Posted in Commodities Reports read full news
Sell Gold Rise on 28550-28580 Target 28480-28400 Stop loss at 28615 - Enrich Commodities

GOLD

Gold on Monday 26th June 2017, Gold prices down by -224 pts closed at 28510 trading range between 28350-28527 and August Comex Gold futures closed at $1244.21 division of the New York Mercantile Exchange.

Gold prices traded close to six-week lows, despite downbeat economic data signalling a slowdown in manufacturing activity, as investor

27/06/2017 11:22:57 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

Week on week, gold prices closed marginally higher by 0.1 percent at $1244 per ounce while the markets remained dull last week on account of Eid holidays.

Earlier, prices lost momentum after a string of hawkish comments by Fed members. Latest comments by Boston Fed President Eric Rosen

27/06/2017 10:56:09 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX gain more that 1% during last week mainly on lower level buying by the market participants due to lower level buying and higher intake by physical markets players. The monsoon rains may cover soybean belt in MP, Maharashtra and Rajasthan before the begin

27/06/2017 10:41:44 AM | Posted in Commodities Reports read full news
Soyabean trading range for the day is 2769-2871 - Kedia Commodity

Gold

Gold on MCX settled down -0.78% at 28510 amid a stronger dollar and rise in shares, ahead of a flurry of U.S. data due this week. The Federal Reserve should wait on any further rate increases until it is clear inflation is reliably heading to the Fed's 2 percent target, St. Louis Fed President James Bullard said on Friday, highlighting the ce

27/06/2017 10:17:11 AM | Posted in Commodities Reports read full news
Evening Update For 23rd June 2017 - Angel Commodities

News and Analysis

* Copper market shifts to 5000 tonnes deficit in Mar’17 - ICSG.

* German Flash Manufacturing PMI fell to 59.3 in Mar’17.

* LME Copper stocks down by 0.8 percent on Thursday.

European markets are trading lower today as weakness in crude oil prices hurt global risk appetite. Asian markets are t

23/06/2017 5:34:11 PM | Posted in Commodities Reports read full news
Natural gas prices traded lower - Alpha Commodity

Bullion

* Gold silver prices traded volatile with mixed factors in play. Prices traded steady on UK election uncertainty and ECB policy. The dollar index witnessed marginal recovery pressuring the bullion to trade lower. Gold ETF holdings rose to 866.998 tonnes with recent rise in prices.

* Prices are expected to trade lower with FOMC meeting speculation as the FED is expect

23/06/2017 2:39:05 PM | Posted in Commodities Reports read full news
Sell Crude oil on Rise 2810-2820 Target 2760-2700 stop loss at 2838 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 22nd June 2017, Crude Oil June futures prices Up by 35 pts (%) closed at 2776, trading range between 2738 -2813 on the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $42.74 a barrel.

Oil prices have fallen about 20 percent this year despite an eff

23/06/2017 12:34:05 PM | Posted in Commodities Reports read full news
Buy Gold on Dips around 28640-60 Target 28800-28900 Stop loss at 28585 - Enrich Commodities

GOLD

Gold on Thursday 22nd June 2017, Gold prices Up by 64 pts closed at 28644 trading range between 28620-28749 and June Comex Gold futures closed at division of the New York Mercantile Exchange.

Gold held gains in Asia on Friday on safe-have demand from China as borrowing by some major private firms to buy assets overseas comes under the sc

23/06/2017 12:29:13 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, gold prices closed higher by 0.2 percent at $1249.8 per ounce recovered after touching $1241/oz, level last seen in May’17, supported by weaker dollar along with sharp plunge in global equities.

Earlier, prices lost momentum after a string of hawkish comments by Fed m

23/06/2017 11:04:27 AM | Posted in Commodities Reports read full news