Gold prices have already broken the Falling wedge pattern - Enrich Commodities

GOLD

Gold on 19th Oct 2017, Gold prices up by (111) points and trading range between 29612- 29697. December Comex Gold futures settled at $1290 division of the New York Mercantile Exchange.

Gold prices edged higher on the Thursday after Spanish Prime Minister Mariano Rajoy said the country would trigger Article 155 allowing the government to

20/10/2017 5:09:31 PM | Posted in Commodities Reports read full news
Crude oil prices were unable to close for the past three days above $ 52.33(3400) - Enrich Commodities

CRUDEOIL

Crude Oil on 19th October 2017, Crude Oil October futures down by (-49) pts (-1.44%) closed at 3359, trading range between 3344 – 3380. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 51.29 a barrel.

Crude oil prices dipped lower on Thursday as sentiment weighed on data showing a larger than exp

20/10/2017 5:03:59 PM | Posted in Commodities Reports read full news
Gold trading range for the day is 29419-29899 - Kedia Commodity

Gold

Gold on MCX settled down -0.86% hitting a one-week low with a stronger US dollar prompting prices for the yellow metal to settle at their lowest in more than a week. Prices also suffered their steepest one-day percentage decline in nearly four weeks as a pickup in inflation in the UK put pressure on the commodity.

A rise in inflation ma

18/10/2017 12:07:29 PM | Posted in Commodities Reports read full news
We expect Jeera Nov futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures closed lower on Tuesday due to profit booking by the market participants. Weakness in spot prices weighs on futures too. Market participants are expecting lower arrivals in the physical market because of festival season in coming weeks but higher stocks with

18/10/2017 11:51:18 AM | Posted in Commodities Reports read full news
Crude oil prices have formed hourly chart Rising Wedge Pattern - Enrich Commodities

CRUDEOIL

Crude Oil on 17th October 2017, Crude Oil October futures down by (-9) pts (-0.27%) closed at 3381, trading range between 3357 – 3416. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 51.88 a barrel.

Crude oil prices traded flat on Tuesday, but rose on Wednesday morning as the crude inventories

18/10/2017 11:42:48 AM | Posted in Commodities Reports read full news
Gold prices have already broken the Falling wedge pattern - Enrich Commodities

Gold

Gold on 17th Oct 2017, Gold prices down by (- 256) points and trading range between 29570- 29810. December Comex Gold futures settled at $1286.20 division of the New York Mercantile Exchange.

Gold prices dipped lower on Tuesday as the dollar rose higher on better-than-expected economic data and with investors hoping the next head of the

18/10/2017 11:37:46 AM | Posted in Commodities Reports read full news
LME Copper prices are currently trading higher - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices declined by 0.7 percent to close at $1284.8 per ounce n speculation that the eventual successor to U.S. Federal Reserve Chair Janet Yellen will favor higher interest rates.

U.S. President Donald Trump was favoring policy hawk John Taylor as the next head of

18/10/2017 11:22:05 AM | Posted in Commodities Reports read full news
MCX Crude Oil price has moved back lower - Choice Broking

Bullions

Gold

Technical View:

MCX Gold price has witnessed a classic false trendline breakout on the daily chart. Moreover, a shooting star is formed on daily chart which is a bearish in nature. In addition, price fell below 21 EMA on the daily frame. Furthermore, on

18/10/2017 11:00:40 AM | Posted in Commodities Reports read full news
Buy Silver Dec 2017 @ 39700 SL 39500 Tgt 39950-40150 - Kedia Commodity

MCX GOLD UPDATE

 

Gold finished back below the key $1300 level down by 0.60 percent at $1286.74 an ounce after dipping to $1281.31, hitting a one-week low with a stronger US dollar prompting prices for the yellow metal to settle at their lowest in more than a week. Prices also suffered their steepest one-day percentage decline in nearly

Gold Diwali Special Report - Angel Commodities

Gold- The Portfolio Diversifier

Gold is a favourite asset of investors across the globe and India is no different to this sentiment. Global uncertainties have ensured that the metal shines in distress despite the rate hike proposition in the US that is keeping the volatility in gold intact.

Gold prices have gained by around 13 percent in 2017

17/10/2017 4:43:22 PM | Posted in Commodities Reports read full news
CPO trading range for the day is 533.7-543.9 - Kedia Commodity

Soyabean Rmseed Ref.Soya oil

Trading Ideas

Soyabean trading range for the day is 2887-2957.

Soyabean dropped tracking weakness in spot demand amid profit booking after prices seen supported on supply worries in global market.

However downside seen limited on lower arrivals in local mandis

17/10/2017 12:40:10 PM | Posted in Commodities Reports read full news
Copper prices have skyrocketed above US$7,000 Mark - IIFL

Commodities

Gold Prices Surrendered most of the gains with values retreating toward US$1,290/oz mark. strenth in US Dollar and expectations of a hawkish new fed chair is weighing on the precious pack. it is widely reported that US president trump is interested in replacing janet yellen with stanford economist john Taylor, who is deemed to be a bit aggr

17/10/2017 12:23:29 PM | Posted in Commodities Reports read full news
Cotton trading range for the day is 18440-19120 - Kedia Commodity

Gold

Gold gains supported by safe-haven demand as conflict between Iraqi and Kurdish forces broke out near the oil-rich city of Kirkuk. Trump will meet with Fed Chair Janet Yellen on Thursday as part of his search for a new candidate for her position, a source familiar with the planned meeting said.

The Fed will probably need to raise interes

17/10/2017 12:07:55 PM | Posted in Commodities Reports read full news
We expect Jeera Nov futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures closed lower on fresh selling by the market participants. Weakness in spot prices weighs on futures too. Market participants are expecting lower arrivals in the physical market because of festival season in coming weeks but higher stocks with the oil mills.

17/10/2017 11:47:06 AM | Posted in Commodities Reports read full news
The crude oil 50-day moving average will be the trailing support line at $50.65 - Enrich Commodities

CRUDEOIL

Crude Oil on 16th October 2017, Crude Oil October futures up by (53) pts (1.60%) closed at 3363, trading range between 3325 – 3389. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 51.87 a barrel.

Crude oil prices edged higher on Monday as clash between Iraqi and Kurdish forces began in Kirkuk l

17/10/2017 11:00:12 AM | Posted in Commodities Reports read full news
Gold will take support and pullback to reach towards 1300-1305 - Enrich Commodities

GOLD

Gold on 16th Oct 2017, Gold prices down by (- 1,407.50) points. December Comex Gold futures settled at $ 1303 division of the New York Mercantile Exchange.

Gold prices traded above $1300 on Monday neglecting an increase in the dollar and the safe-haven demand remained consistent despite the geopolitical uncertainty that exists and worri

17/10/2017 10:51:08 AM | Posted in Commodities Reports read full news
Sell Gold Dec 2017 @ 29900 SL 30000 Tgt 29780-29700 - Kedia Commodity

MCX GOLD UPDATE

Gold gains supported by safe-haven demand as conflict between Iraqi and Kurdish forces broke out near the oil-rich city of Kirkuk. Trump will meet with Fed Chair Janet Yellen on Thursday as part of his search for a new candidate for her position, a source familiar with the planned meeting said.

The Fed will probably need to ra

17/10/2017 10:10:46 AM | Posted in Commodities Reports read full news
We expect Natural Gas prices to find support in the range of 190 - 188 levels - Angel Commodities

MCX GOLD Dec (CMP – 29,851 / $ 1304.40)

 

MCX Gold Dec as seen in the weekly chart above has opened the week with gap up at 29,698 levels and at the starting of the week price made a weekly low of 29,664 levels. Later on price could not able to sustain on lower levels and rallied sharply and made weekly high of 29,900 levels. This week p

Cardamom trading range for the day is 1013.6-1047 - Kedia Commodity

Gold

Gold on MCX settled up 0.12% at 29851 after U.S. President Donald Trump warned he might ultimately end a 2015 nuclear agreement with Iran and after weak U.S. inflation data undermined the case for interest rate rises. Underlying inflation in the United States remained muted in September despite a surge in gasoline prices after hurricanes disrupted produ

16/10/2017 12:28:56 PM | Posted in Commodities Reports read full news