Gold prices retreated sharply from the recent highs - IIFL

Commodities

Gold prices retreated sharply from the recent highs,corroborating the formation of a triple top on the charts. The retracement is primarily attributed to relative inaction of North Korea. Pyongyang reported that it has decided not to undertake any military move against US and will monitor the tone and conduct of Washingtone before consider

16/08/2017 11:40:27 AM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 184.4-195.8 - Kedia Commodity

Gold

Gold on MCX settled down -0.42% at 29080 as concerns about tensions between the U.S. and North Korea eased. Prices looks to remain under pressure as data on retail sales and US manufacturing came in better than expected and easing geopolitical tensions between North Korea and the US undercut haven demand for the precious metal. Pressure seen as s

16/08/2017 11:23:04 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 declined by 0.82 percent to close at $1271.4 per ounce down for a second day on Tuesday after betterthan-expected U.S. economic data and easing tensions over North Korea encouraged investors to buy riskier assets, boosting stocks, the U.S. dollar and bond yields.

16/08/2017 10:47:12 AM | Posted in Commodities Reports read full news
Crude oil prices retested from previous resistance which became support at $47 - Enrich Commodities

CRUDE OIL

Crude Oil on 14th August 2017, Crude Oil August futures prices down by (-57) pts (-1.82%) closed at 3070, trading range between 3064 – 3149. Crude oil for September delivery on the New York Mercantile Exchange settled at $47.55 a barrel.

Crude prices edged lower in early Asia on Tuesday after industry assessment confirmed a ma

16/08/2017 9:55:35 AM | Posted in Commodities Reports read full news
The gold Intraday Support previous resistance will become support at $1273 - Enrich Commodities

GOLD

Gold on 14th August 2017, Gold prices down by (-123) pts closed at 29080 trading range between 29023 - 29163 and December Comex Gold futures settled at $1279.70 division of the New York Mercantile Exchange.

Gold prices dropped on Tuesday as the tension that prevailed between the two countries U.S and North Korea relieved when reports cam

16/08/2017 9:50:47 AM | Posted in Commodities Reports read full news
We expect the prices to trade towards Rs. 4850/5,000 per quintal in coming months - Angel Commodities

Outlook

Castor seed futures traded closed to Rs. 5,000 per quintal in April and then is corrected about Rs. 875 or 21% to Rs. 4,124 per quintal in two months in June due to lower demand for castor meal.

In April, India exported only 11,425 tonnes of castor meal, down by about 70% compared to 37,785 tonnes in previous year in April. Due to lo

15/08/2017 10:50:46 AM | Posted in Commodities Reports read full news
We expect ref soyoil and guar prices to trade higher - Angel Commodities

Commodities

Gold

Spot gold prices traded higher by 2.5 percent last week to close at $1288.8 per ounce while MCX gold prices rose by 2.9 percent to close at Rs.29234 per 10 gms.

Prices reached two-month high as another exchange of threats by the United States and North Korea prompted investors to buy

15/08/2017 10:39:20 AM | Posted in Commodities Reports read full news
Evening Update For 14th August 2017 - Angel Commodities

News and Analysis

* US – North Korea tensions ease; global equities recover

* Chinese industrial production, retail sales misses estimates

* LME Copper stocks fell marginally on Friday

European markets are trading higher today as some US national security officials played down concerns of a nuclear war with North Ko

14/08/2017 4:47:01 PM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3064-3164 - Kedia Commodity

Gold

Gold prices held steady as rising tensions between the United States and North Korea triggered safe-haven buying. U.S. President Donald Trump issued a new threat to North Korea, saying the U.S. military was "locked and loaded" as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war and world powers expressed

14/08/2017 11:36:18 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean October futures close higher last week on reports of less planting and deficient monsoon rains in the soybean producing areas. As per government data, the area coverage under soybean, as on 11th August, is reported down 9.22% at 101.59 lakh hectares compared to 111.91 la

14/08/2017 10:26:47 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Spot gold prices traded higher by 2.5 percent last week to close at $1288.8 per ounce while MCX gold prices rose by 2.9 percent to close at Rs.29234 per 10 gms.

Prices reached two-month high as another exchange of threats by the United States and North Korea prompted investors to buy bu

14/08/2017 10:12:16 AM | Posted in Commodities Reports read full news
The current price of the Crude oil daily chart just below the 200-day long term - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 11th August 2017, Crude Oil August futures prices down by (-1) pt (-0.03%) closed at 3127, trading range between 3082 – 3132. Crude oil for September delivery on the New York Mercantile Exchange settled at $48.82 a barrel.

Oil prices edged higher on Friday, but closed the week with a loss despite the issues

14/08/2017 10:03:35 AM | Posted in Commodities Reports read full news
The gold Intraday Support previous resistance will become support at $1280 - Enrich Commodities

GOLD

Gold on Friday 11th August 2017, Gold prices up by (27) pts closed at 29203 trading range between 29071 - 29295 and December Comex Gold futures settled at $1294.00 division of the New York Mercantile Exchange.

Gold prices rose to a two-month high on Friday following the weaker U.S inflation report that investors worried would delay plans

14/08/2017 9:55:36 AM | Posted in Commodities Reports read full news
Safe haven play back in precious metals, Oil falls on over supplied markets - Angel Commodities

“COMEX gold and MCX gold prices both rallied by more than 2.2 percent this week on account of simmering tensions between US and North Korea and exchange of threats prompted investors to move towards safe haven asset. Besides, falling global equities are also acting as a push for the yellow metal.  

WTI Oil prices declined around 3 percent this week while MCX gold falls by a

12/08/2017 11:45:38 AM | Posted in Commodities Reports read full news
Castor seed futures on NCDEX is heading for first weekly gains - Angel Commodities

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

“During the current week, Guar futures expected to close higher for the third consecutive week followed by cardamom and castor seed while edible oil and oil seed prices have recovered in the cur

12/08/2017 11:44:03 AM | Posted in Commodities Reports read full news
Evening Update For 11th August 2017 - Angel Commodities

News and Analysis

* Global markets hit by US – North Korea tensions.

* LME Copper stocks plunged by 1.5 percent on Thursday.

* UK’s Manufacturing Production remained unchanged in July’17.

European markets are trading lower today as tensions between the US and North Korea continue to hurt global risk appe

11/08/2017 5:32:38 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 38271-39991- Kedia Commodity

Gold

Gold on MCX settled up 1.15% at 29176 rallied at their highest level in more than two months as simmering North Korean tensions underpinned haven investments. Overnight, gold prices jumped to two-month highs Thursday, as geopolitical tensions between the U.S. and North Korea remained while a duo of disappointing U.S. economic reports weighed on t

11/08/2017 11:07:14 AM | Posted in Commodities Reports read full news