Weekly Agri-Commodities Update - Angel Commodities

Below is the view On Weekly Agri-Commodities Update by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):

“During the current week, futures contracts of all benchmark edible oil and oilseed basket, excluding mustard (Rmseed), traded higher on domestic commodity exchanges. Soybean futures on N

22/07/2017 3:55:25 PM | Posted in Commodities Reports read full news
Evening Update For 21st July 2017 - Angel Commodities

News and Analysis

* ECB keeps its monetary policy steady.

* LME Copper stocks fell by 0.5 percent on Thursday.

* UK Retail Sales gained 0.6 percent in June’17.

European markets are trading lower as the ECB kept its monetary policy steady. Asian markets are trading lower and the US stock futures are trading mixed.

21/07/2017 5:22:34 PM | Posted in Commodities Reports read full news
CPO trading range for the day is 477.7-486.1 - Kedia Commodity

Gold

Gold on MCX settled up 0.29% at 28331 as the euro jumped in the wake of a ECB meeting, putting pressure on the dollar. The ECB, as expected, left interest-rate policy and other stimulative measures untouched. But the euro jumped as investors looked beyond seemingly dovish remarks by ECB President Mario Draghi to continued expectations the institu

21/07/2017 11:11:35 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, gold prices rose by 0.31 percent to close at $1244.2 per ounce after European Central Bank President Mario Draghi said ECB policymakers would discuss potential changes to the bank's bondbuying scheme in the autumn, lifting the euro to a 14-month high.

Draghi said the p

21/07/2017 10:54:46 AM | Posted in Commodities Reports read full news
WTI Crude oil prices reached fresh highs at $47.72 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 20th July 2017, Crude Oil July futures prices down by ( -17 ) pts ( -0.56%) closed at 3037, trading range between 3032 – 3084. Crude oil for September delivery on the New York Mercantile Exchange settled at $46.92 a barrel.

On Friday, Oil prices pushed up ahead of an important meeting of major oil produci

21/07/2017 10:39:26 AM | Posted in Commodities Reports read full news
Gold prices broke out slope resistance line at 1227 - Enrich Commodities

GOLD

Gold on Thursday 20th July 2017, Gold prices up by (81) pts closed at 28331 trading range between 28131 - 28380 and August Comex Gold futures settled at $1245.50 division of the New York Mercantile Exchange.

On Thursday, Gold prices peaked higher against the feeble dollar. With expectations surrounding that the European Central Bank is m

21/07/2017 10:34:22 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures jumped 1% on Thursday on account of short covering by the market participants amid good rains in the soybean producing areas. Open Interest dropped by 1400 tonnes yesterday while price increases. Prices have been trading sideways this week on lower acreag

21/07/2017 10:04:19 AM | Posted in Commodities Reports read full news
Evening Update For 20th July 2017 - Angel Commodities

News and Analysis

* Global markets positive ahead of ECB Press conference.

* LME Copper stocks fell by 0.4 percent on Wednesday.

* UK Retail Sales gained 0.6 percent in June’17.

European markets are trading higher ahead of ECB Press conference. Asian markets are trading higher and the US stock futures are trading in

20/07/2017 5:25:04 PM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 633-645 - Kedia Commodity

Gold

Gold on MCX settled at 28250 prices consolidated in yesterday’s session settled unchanged holding recent gains in quiet dealing as the dollar edged higher, following the stronger than expected housing starts report. The recent string of data, until Wednesday, showed the U.S. economy was moderating, helping the dollar ease and paving the way

20/07/2017 11:34:17 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices fell marginally to close at $1240.4 per ounce as dollar recovered from ten month lows touched in the aftermath of failure of US HealthCare bill and softening stance of the Federal Reserve.

Also, SPDR gold holdings fell 5.6 tonnes to five month low of 821.

20/07/2017 11:07:28 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways to down - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures fell on Wednesday due to profit booking by the market participants on good rains in MP and Rajasthan. Prices have been trading sideways this week on lower acreage and steady demand. As per government data, area under soybean crop across the country for th

20/07/2017 10:54:06 AM | Posted in Commodities Reports read full news
WTI Crude oil prices reached fresh highs at $47.35 - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 19th July 2017, Crude Oil July futures prices Up by (56) pts (1.87%) closed at 3054, trading range between 2991 – 3063. Crude oil for August delivery on the New York Mercantile Exchange settled at $47.32 a barrel.

On Thursday, Oil prices gripped stable subsequent to the concrete gains yesterday as the de

20/07/2017 10:30:06 AM | Posted in Commodities Reports read full news
Gold prices down by (-3) pts closed at 28250 trading range between 28092 - 28121 - Enrich Commodities

GOLD

Gold on Wednesday 19th July 2017, Gold prices down by (-3) pts closed at 28250 trading range between 28092 - 28121 and August Comex Gold futures settled at $1242 division of the New York Mercantile Exchange.

On Wednesday, Gold prices could be seen unchanged as the dollar turned optimistic dropping investor interest in the metal.

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20/07/2017 10:21:42 AM | Posted in Commodities Reports read full news
Evening Update For 19th July 2017 - Angel Commodities

News and Analysis

* Chinese economic data supports base metals.

* LME Copper stocks surged by 0.6 percent on Tuesday.

* BoJ, ECB monetary policy due this week.

European markets are trading higher ahead of ECB Press conference. Asian markets are trading higher and the US stock futures are trading in the red. Gold prices ar

19/07/2017 5:11:31 PM | Posted in Commodities Reports read full news
Crude oil prices reached fresh highs at $46.90 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 19th July 2017, Crude Oil July futures prices Up by (5) pts (0.17%) closed at 2998, trading range between 2974 – 3042. Crude oil for August delivery on the New York Mercantile Exchange settled at $46.40 a barrel.

A rise in U.S. crude inventories and advancing high supplies from OPEC invigorated concerns of

19/07/2017 11:10:39 AM | Posted in Commodities Reports read full news
Gold prices retraced to reach the previous support - Enrich Commodities

GOLD

Gold on Tuesday 18th July 2017, Gold prices up by (133) pts closed at 28253 trading range between 28125 - 28285 and August Comex Gold futures settled at $1241.90 division of the New York Mercantile Exchange.

Investors’ doubts rose about the delay in tax reform directly after the prostration of a health care bill intended to replace

19/07/2017 11:03:59 AM | Posted in Commodities Reports read full news
Soyabean trading range for the day is 2948-3070 - Kedia Commodity

Gold

Gold on MCX settled up 0.47% at 28253 finished higher with a sharply weaker US dollar sending prices up for a third session in a row to their highest level of the month so far. Price gained as growing doubts over the US President Donald Trump's ability to push through pro-growth reforms, after the Senate Republicans rejected Trump’s Hea

19/07/2017 10:51:48 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed with 1.24% gains on Tuesday on some short covering. Moreover, due to lower acreage, irregular rains in soybean growing areas and lower arrivals in the physical market also support prices. As per government data, area under soybean crop across the co

19/07/2017 10:24:19 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.65 percent to close at $1242 per ounce as prices hit a more than two-week high supported by expectations of stronger demand from the physical market and as the dollar fell on fading prospects of an imminent increase in U.S. interest rates.

Data fr

19/07/2017 10:06:43 AM | Posted in Commodities Reports read full news