Zinc trading range for the day is 156-160.8 - Kedia Commodity

Gold

Gold on MCX settled down -0.17% at 28944 dropped but little changed in yesterday session unable to take back recent losses ahead of Federal Reserve decision. The Fed is all but certain to raise interest rates by a quarter percent for the third time in seven months. Markets will be watching for details about future rate hikes and the pace by which

14/06/2017 12:31:22 PM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold turned slightly higher on Tuesday, as the market awaited signals of future monetary tightening by the U.S. Federal Reserve and a Senate panel's questioning of Attorney General Jeff Sessions about his dealings with Russian officials.

The Fed is widely expected to raise interest rates when it concludes its meeting on Wednesday, al

14/06/2017 12:07:36 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose marginally by 0.03 percent to close at $1265.4 per ounce as the market awaited signals of future monetary tightening by the U.S. Federal Reserve and a Senate panel's questioning of Attorney General Jeff Sessions about his dealings with Russian officials.

14/06/2017 11:42:25 AM | Posted in Commodities Reports read full news
Buy Crude Oil around 2945-2955 Target 2970-3000 Stop loss at 2920 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 13th June 2017, Crude Oil June futures prices down by 3 pts (-0.10%) closed at 2985, trading range between 2996-2938 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $46.46 a barrel.

U.S. crude inventories rose 2.753 million barrels at the end

14/06/2017 11:33:29 AM | Posted in Commodities Reports read full news
Buy Gold August contract above 28850-28900 Target 29000-29100 Stop loss at 29800 - Enrich Commodities

GOLD

Gold on Tuesday 13th June 2017, Gold prices down by 49 pts closed at 28944 trading range between 28810-28991 and June Comex Gold futures closed at $1268.60 division of the New York Mercantile Exchange.

Gold futures traded in a narrow range, as investors held off initiating large positions in the precious metal ahead of the start of the F

14/06/2017 11:18:13 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures closed lower on Tuesday on profit booking but prices in spot jumped about 1.49% on lower supplies. The prices are under pressure on expectation of good sowing progress in the current kharif as monsoon is forecast to be normal. Area under the soybean crop across th

14/06/2017 10:08:54 AM | Posted in Commodities Reports read full news
Evening Update For 13th June 2017 - Angel Commodities

News and Analysis

* Market focus on the FOMC meeting due 14th June’17.

* LME Copper stocks fell by 1.3 percent on Monday.

* UK’s CPI surged 2.9 percent in May’17.

European markets are trading higher today ahead of the much awaited FOMC statement. Asian markets are trading higher and the US stocks futures

13/06/2017 5:38:52 PM | Posted in Commodities Reports read full news
Gold trading range for the day is 28872-29110 - Kedia Commodity

Market Commentary

Gold prices traded in range as investors remained cautious ahead of a two-day U.S. Federal Reserve meeting that is likely to provide hints on the central bank's interest rate policy for the remainder of the year. The Fed starts a two-day meeting on Tuesday, where it is widely expected to hike interest rates. The focus is on whethe

13/06/2017 3:28:34 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

Spot gold prices declined marginally yesterday to close at $1265/oz, while MCX gold prices rose by 0.1 percent to close at Rs.29144 per 10 gms.

Gold prices steadied ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of t

13/06/2017 12:14:28 PM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures recover on Monday after falling more than 2% on Friday mainly due to bargain buying. The prices are under pressure on expectation of good sowing progress in the current kharif as monsoon is forecast to be normal. However, reports of increase in Minimum Support Pric

13/06/2017 11:57:16 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade negative - Sushil Finance

Gold

Strong speculative demand kept palladium near 16-year highs on Monday, though weak fundamentals are soon expected to take their toll on prices of the metal, which is used to make autocatalysts for gasoline-fueled cars.

Meanwhile, gold was little changed ahead of a U.S. Federal Reserve policy meeting on Tuesday and Wednesday, with analyst

13/06/2017 11:47:14 AM | Posted in Commodities Reports read full news
Sell Crude Oil Rise On around 2990-3000 Target 2960-2900 Stop loss at 3025 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 12th June 2017, Crude Oil June futures prices up by 29 pts (0.98%) closed at 2988, trading range between 2945-3015 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $46.08 a barrel.

Saudi Arabia, the largest OPEC oil producer, announced that it

13/06/2017 11:00:48 AM | Posted in Commodities Reports read full news
Sell Gold August contract below 29020-29050 Target 28920-28850 Stop loss at 29100 - Enrich Commodities

GOLD

Gold on Monday 12th June 2017, Gold prices down by 26 pts closed at 28993 trading range between 28930-29049 and June Comex Gold futures closed at $1268.90 division of the New York Mercantile Exchange.

Overnight, gold prices were mostly unchanged on Monday, as investors awaited an upcoming Federal Reserve (Fed) interest rate decision and

13/06/2017 10:53:51 AM | Posted in Commodities Reports read full news
Copper trading range for the day is 369.9-377.7 - Kedia Commodity

Gold

Gold prices traded in range as investors remained cautious ahead of a two-day U.S. Federal Reserve meeting that is likely to provide hints on the central bank's interest rate policy for the remainder of the year. The Fed starts a two-day meeting on Tuesday, where it is widely expected to hike interest rates.

The focus is on whether

13/06/2017 10:14:15 AM | Posted in Commodities Reports read full news
Evening Update For 12th June 2017 - Angel Commodities

News and Analysis

* Market focus now on the meeting of the US FED this week

* Supply disruptions support copper prices.

* US drilling continues to rise, oil markets sentiments remain weak

European markets are trading lower today on account of the Hung parliament in Britain. Asian markets are trading lower and the US stocks

12/06/2017 5:28:30 PM | Posted in Commodities Reports read full news
We expect Cotton Jun contract to trade higher - Angel Commodities

Cotton

* MCX cotton closed lower the last week, which is third weekly loss in 4 weeks on reports of good monsoon, higher prevailing prices of cotton and rapid progress of cotton planting in north India put pressure on prices.

* As per latest data from Agricultural Ministry, cotton is planted in the country reaches 14.1 lakh hectares (l ha) t

12/06/2017 3:59:14 PM | Posted in Commodities Reports read full news
Sell MCX Silver July between 40,400-40,600, SL-41,100, Target-38900/38700 - Angel Commodities

MCX GOLD Aug (CMP – 29,019 / $ 1265.90)

MCX Gold Aug as seen in the weekly chart above has opened the week with gap up at 29,204 levels and at the starting of the week it made a weekly high of 29,585 levels. Later on prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 28,905 levels. This week prices ha

12/06/2017 3:55:23 PM | Posted in Commodities Reports read full news
We expect crude oil prices to trade positive - Sushil Finance

Gold

Gold prices fell about 1 percent on Friday as the dollar strengthened while palladium leapt more than 7 percent as a surge in speculative demand forced industrial users to close out short positions, traders said.

The backwardation in the market - a formation in the forward curve in which the price of metal for future delivery is below t

12/06/2017 12:16:29 PM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 193.7-199.1 - Kedia Commodity

Gold

Gold on MCX settled down -0.38% at 29019 as the dollar strengthened despite a market fraught with the type of political drama that would ordinarily have offered a boost to precious metals. Pressure also seen after British elections failed to deliver a clear majority for Prime Minister Theresa May, knocking the pound sharply lower and helping lift

12/06/2017 11:48:17 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices declined 1.1 percent to close at $1265.9/oz, while MCX gold prices rose by 0.1 percent to close at Rs.29127 per 10 gms.

Gold prices fell from a near seven month highs on account of stronger dollar nd after a written testimony by a former FBI director to the U.

12/06/2017 11:22:09 AM | Posted in Commodities Reports read full news
Cotton futures are expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures falls close to 2% on Friday on good sowing progress in the current kharif crop but closed higher for the week on expectation that the Minimum Support Prices (MSP) for soybean may increase by Rs. 175 per quintal to Rs. 2,950. As per Agmarknet data, arrivals of soyb

12/06/2017 11:04:16 AM | Posted in Commodities Reports read full news