Evening Update For 23rd February 2017 - Angel Commodities

News and Analysis

* Fed minutes indicated US rate hike “fairly soon”.

* LME Copper stocks plunged 2.5 percent on Wednesday.

* UK’s Second Estimate GDP gained 0.7 percent in the q/e Dec’16.

European stocks are trading mixed today as FOMC meeting minutes revealed that the members remained hawkish abou

23/02/2017 5:59:16 PM | Posted in Commodities Reports read full news
Buy NSE USDINR Feb between 66.70 – 66.80, SL – 66.40, Target – 67.40 / 67.50 - Angel Commodities

NSE USDINR Feb as seen in the weekly chart above has opened the week 66.99 levels and at the starting of the week prices have corrected sharply and made a weekly low of 66.9450 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 67.19 levels. This week prices have closed above the previous week’s closing of 66.99

23/02/2017 5:35:58 PM | Posted in Commodities Reports read full news
We expect Soybean prices for March delivery to trade sideways - Angel Commodities

Soybean

* Commodities Weekly Tracker

* Soybean futures traded on negative note last week due to weak spot market as sufficient supplies putting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The most-active M

23/02/2017 5:17:41 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose marginally by 0.11 percent to close at $1237.3 per ounce as the dollar shifted lower on Wednesday, after minutes from the last U.S. Federal Reserve meeting showed uncertainty among policymakers about the new Trump administration's economic program.

23/02/2017 11:12:08 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold turned higher as the dollar shifted lower on Wednesday, after minutes from the last U.S. Federal Reserve meeting showed uncertainty among policymakers about the new Trump administration's economic program. Still, many Fed policymakers said it may be appropriate to raise interest rates "fairly soon" should jobs and inflation data

23/02/2017 10:59:32 AM | Posted in Commodities Reports read full news
We expect sugar prices may trade sideways - Angel Commodities

Soybean

Soybean futures continue to close lower this week due to good supplies putting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estimate for soy meal exp

23/02/2017 10:49:38 AM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1422.7-1496.7 - Kedia

Gold

Gold on MCX settled down -0.32% at 29208 inched lower on Wednesday dropped as Comex Gold prices eased from its 3-month highs above $1240 an ounce as stocks were poised to extend recent gains. Bullion prices traded with weakness as the dollar firmed, with investors looking to minutes from the U.S. Federal Reserve's latest meeting for clues on t

23/02/2017 10:32:18 AM | Posted in Commodities Reports read full news
Crude oil Buy dips on 3600-10 target 3640-3700 stop loss at 3575 - Enrich

Crude Oil

Crude Oil on Wednesday 22th Feb 2017, Crude Oil March futures prices down by -67 pts (-1.83%) closed at 3601 , trading range between 3587-3662.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $54.33 a barrel.

Crude prices deepened their losses in trade on Wednesda

23/02/2017 10:03:24 AM | Posted in Commodities Reports read full news
Buy Gold above 29250 Target 29350-29430 Stop loss 29170 - Enrich

Gold

Gold on Wednesday 22th Feb 2017, Gold prices down by -93 pts (-0.32%) & closed at 29208 trading range between 29174-29345 and April Comex Gold futures closed at $1238.90, division of the New York Mercantile Exchange.

Gold prices tilted lower on Wednesday, as the dollar index edged higher according to their inverse relation, which fol

23/02/2017 9:40:19 AM | Posted in Commodities Reports read full news
Evening Update For 22nd February 2017 - Angel Commodities

News and Analysis

* FOMC meeting minutes due tonight to be keenly watched.

* LME Copper stocks down by 0.9 percent on Tuesday.

* UK’s Second Estimate GDP gained 0.7 percent in the q/e Dec’16.

 

European stocks are trading higher today ahead of the release of FOMC meeting minutes tonight. Asian ma

22/02/2017 5:12:50 PM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures continue to trade on negative note on Tuesday due to steady supplies putting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The Soybe

22/02/2017 12:35:26 PM | Posted in Commodities Reports read full news
We expect oil prices to trade higher - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices declined marginally by 0.2 percent to close at $1235.9 per ounce after falling 1 percent the day before on renewed expectations of an increase in U.S. interest rates next month that pushed the dollar higher.

The dollar strengthened after Federal Reserve membe

22/02/2017 12:24:38 PM | Posted in Commodities Reports read full news
Buy Gold above 29230 Target 29300-29400 Stop loss 29100 - Enrich

Gold

Gold on Tuesday 21th Feb 2017, Gold prices down by -2 pts (-0.1%) & closed at 29301 trading range between 29075-29330 and April Comex Gold futures closed at $1238.90, division of the New York Mercantile Exchange.

Gold prices fell on Tuesday as the dollar added to its gains against a basket of currencies, while demand fell on safe hav

22/02/2017 11:42:01 AM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 162-191.8 - Kedia

Gold

Gold on MCX settled down -0.01% at 29301 as renewed expectations of an increase in U.S. interest rates next month pushed the dollar higher, although political and economic uncertainties in Europe and the United States supported investor sentiment. The dollar strengthened after Federal Reserve members pointed to the potential for higher U.S. rates

22/02/2017 11:30:09 AM | Posted in Commodities Reports read full news
Buy Crude oil dips on 3640-50 target 3690-3730 stop loss at 3610 - Enrich

Crude Oil

Crude Oil on Tuesday 21th Feb 2017, Crude Oil March futures prices up by 45 pts (1.24%) closed at 3668, trading range between 3626-3694.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $54.33 a barrel.

Crude prices moved high on Tuesday after OPECs statements abou

22/02/2017 11:07:50 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold prices pared losses on weaker-than-expected U.S. economic data on Tuesday, after falling 1 percent on renewed expectations of an increase in U.S. interest rates next month that pushed the dollar higher. The dollar strengthened after Federal Reserve members pointed to the potential for higher U.S. rates next month, making commodities priced in

22/02/2017 10:35:41 AM | Posted in Commodities Reports read full news
Evening Update For 21th February 2017 - Angel Commodities

News and Analysis

* German Flash Manufacturing PMI rose to 57 in Feb’17.

* LME Copper stocks down by 1.2 percent on Monday.

*  UK Retail Sales down by 0.3 percent in Jan’17.

European stocks are trading mixed today as a fresh poll showed leader Marine Le Pen gaining ground on her main election rivals for t

21/02/2017 6:05:57 PM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Soybean

Soybean futures continue to trade on negative note on Monday due to weak spot market as sufficient supplies putting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has

21/02/2017 12:16:01 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodites

Bullion

Gold On Monday, spot gold prices rose marginally by 0.23 percent to close at $1238 per ounce as the dollar softened, although trading was thin due to the U.S. holiday and as markets awaited details on President Donald Trump's tax policy.

Market activity is likely to be largely subdued until guidance on the pace of interest rate h

21/02/2017 12:04:56 PM | Posted in Commodities Reports read full news
Gold Sell below at 29175 Target 29100-29050 Stop loss at 29250 - Enrich

Gold on Monday 20th Feb 2017, Gold prices down by -57 pts (-0.19%) & closed at 29303 trading range between 29195-29325 and April Comex Gold futures closed at $1235.85, division of the New York Mercantile Exchange.

Gold prices were nearly unchanged on Monday as holiday trades in the U.S. reduce volume and reduced volatility.

Gold managed to hold on to its recent gains as

21/02/2017 11:58:52 AM | Posted in Commodities Reports read full news
Sell Crude oil dips on 3610-15 target 3630 -3640 stop loss at 3588 - Enrich

Crude Oil

Crude Oil on Monday 20th Feb 2017, Crude Oil March futures prices up by 19 pts (0.53%) closed at 3623, trading range between 3611-3642.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.38 a barrel.

Crude prices rose on Monday amid expectations of further production cuts by OPE

21/02/2017 11:47:06 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade - Sushil Finance

Gold  

Gold firmed on Monday as the dollar softened, although trading was thin due to the U.S. holiday and as markets awaited details on President Donald Trump's tax policy.

 Market activity is likely to be largely subdued until guidance on the pace of interest rate hikes from a raft of Federal Reserve speakers this week. Gold i

21/02/2017 11:34:25 AM | Posted in Commodities Reports read full news