Turmeric trading range for the day is 7302-7662 - Kedia Commodity

Gold

Gold prices remained under pressure as gains were capped by a rise in the dollar amid growing investor optimism on tax reform. Markets had priced in Wednesday's rise and the dollar and bond yields fell after the Fed kept its outlook for three rate rises next year unchanged and said proposed U.S. tax cuts would not significantly spur growth. U

18/12/2017 12:26:49 PM | Posted in Commodities Reports read full news
Buy Gold Feb 2018 @ 28280 SL 28160 TGT 28380-28520 - Kedia Commodity

GOLD

Gold prices remained under pressure as gains were capped by a rise in the dollar amid growing investor optimism on tax reform. Markets had priced in Wednesday's rise and the dollar and bond yields fell after the Fed kept its outlook for three rate rises next year unchanged and said proposed U.S. tax cuts would not significantly spur growth. U.

18/12/2017 12:11:01 PM | Posted in Commodities Reports read full news
We expect a smart rally in the MCX Nickel price over the short period of time - Choice Broking

Gold

MCX Gold price has been consolidating around the support of the lower band of the rising channel on the daily chart. Comex Gold price has closed in the green for the third consecutive days which suggests growing bullishness among the gold traders. On the daily chart of Comex Gold, momentum indicator RSI (14) is seen to have reversed from the overs

18/12/2017 11:58:00 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower today - Angel Commodities

Bullion

Gold

Last week, spot gold prices rose by around 0.8% while MCX gold prices declined by 0.9 percent.

Gold prices traded in a very narrow range as the U.S. Federal Reserve raised interest rates as expected but left its outlook unchanged for coming years. Having raised its benchmark overnight

18/12/2017 11:29:12 AM | Posted in Commodities Reports read full news
Sell Turmeric APR 2018 @ 7500 SL 7580 TGT 7420-7350 - Kedia Commodity

Trading Ideas

Turmeric

Turmeric trading range for the day is 7302-7662.

Turmeric prices dropped tracking weak physical demand and good supplies.

However downside seen limited due to lower output due to fall in area.

AP Markfed to sell nearly 1,200 ton turmeric Fri via e-auction.<

18/12/2017 11:23:11 AM | Posted in Commodities Reports read full news
Buy Soyabean Jan 2018 @ 3020 SL 2980 TGT 3060-3090 - Kedia Commodity

Trading Ideas

Soyabean

Soyabean trading range for the day is 2994-3082.

Soyabean prices gained on short covering after prices dropped on easing supply worries in global market and weak demand.

The USDA raised its forecast of US 2017-18 soybean ending stocks to 12.12 million tons in December

18/12/2017 10:51:33 AM | Posted in Commodities Reports read full news
The trend remains bullish as prices retested the channel`s support slope line near $56.50 - Enrich Commodities

CRUDE OIL

Crude oil prices edged higher on Friday and trade stable on Monday morning as optimism prevail among traders with data showing the number of oil rigs operating in the US for week ending Dec. 15, dropped for the first time in six weeks.

According to data from energy services firm Baker Hughes, the number of oil rigs operating in the

18/12/2017 10:28:49 AM | Posted in Commodities Reports read full news
Gold future market has formed Falling wedge pattern - Enrich Commodities

GOLD

Gold prices remained unchanged on Friday as gains were limited by a rise in the dollar amid growing investor optimism on tax reform following reports indicating that Republicans secured enough votes for the bill passage, enhancing the dollar, while limiting gains in the precious metal. CNBC, citing two sources, said Marco Rubio will support the fi

18/12/2017 10:21:43 AM | Posted in Commodities Reports read full news
We expect prices to trade sideways to up with copper support at 432 - Alpha Commodity

Bullion

* Gold silver prices traded lower paring early gains with recovery in US dollar index. The positive equity indices and weaker interest by ETF investors has pressured prices to trade lower. The total SPDR Gold Trust ETF was steady at 842.11 tonnes.

* Silver prices traded lower with weak base metals and stronger dollar. Prices may trad

15/12/2017 3:06:48 PM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1039.3-1098.9 - Kedia Commodity

Trading Ideas

Turmeric

Turmeric trading range for the day is 7382-7654.

Turmeric prices ended with gains amid fall in output due to lower acreage.

The standing crop is in good condition Telangana, Andhra Pradesh and Maharashtra but Tamil Nadu is still facing water shortage.

As per

15/12/2017 12:09:28 PM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 721-729 - Kedia Commodity

Trading Ideas

Soyabean

Soyabean trading range for the day is 2969-3099.

Soyabean prices ended with losses amid higher stockpiles in global market and demand hopes.

USDA hiked 2017-18 India's soymeal ending stockpiles estimates to 440,000 tons for December compared to 360,000 tons estim

15/12/2017 11:58:37 AM | Posted in Commodities Reports read full news
we recommend negative move in RM Seed Future - Choice Broking

Gold

MCX Gold price has initially found support at the lower band of the rising channel on the daily channel. In the daily chart of Comex Gold price a Morning Star is visible which suggests bullish reversal in price pattern. The underlying sentiment remains negative; however near term pullback cant be ruled out. Hourly RSI (14) and MACD is in bullish c

15/12/2017 11:40:00 AM | Posted in Commodities Reports read full news
Gold prices traded close to session highs on Thursday - Enrich Commodities

GOLD

Gold prices traded close to session highs on Thursday, brushing aside a rebound in the dollar as the European Central Bank said it would continue its ultraaccommodative monetary policy measures.

European Central bank president Mario Draghi said in a press conference on Thursday – “Domestic price pressures remain muted overall

15/12/2017 11:05:03 AM | Posted in Commodities Reports read full news
Crude oil 4HR technical chart has formed a `Symmetrical Triangle`pattern - Enrich Commodities

CRUDEOIL

Crude oil prices edged higher on Thursday, brushing aside data projecting a faster than expected rise in US shale oil production next year. An ongoing pipeline shutdown supported Brent crude prices.

The IEA raised US crude oil growth to 390,000 barrels per day (bpd) this year and 870,000 bpd for 2018. Non-OPEC output, led by the US,

15/12/2017 10:55:24 AM | Posted in Commodities Reports read full news
Rmseed trading range for the day is 3908-4058 - Kedia Commodity

Gold

Gold on MCX settled up 0.43% at 28317 but prices eased off highs as the dollar rebounded following strong U.S. retail sales data. U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy that could pave the way for further Federal Reserve inter

15/12/2017 10:38:02 AM | Posted in Commodities Reports read full news
Buy Silver Mar 2018 @ 36950 SL 36700 TGT 37150-37550 - Kedia Commodity

MCX GOLD UPDATE

Gold on MCX settled up 0.43% at 28317 but prices eased off highs as the dollar rebounded following strong U.S. retail sales data. U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy that could pave the way for further Federal Re

15/12/2017 9:50:27 AM | Posted in Commodities Reports read full news