Mustard seed prices under pressure, prices may rebound on weather disturbances - Angel Commodities

“There is expectation of good crop in 2016/17, and carryover stocks from last year also at higher level as country imported record mustard oil and exported multiyear low mustard meal. This left with higher nu crushed stocks with the traders. Thus, traders have been selling their old stocks at lesser prices which have bearish impact on the mustard seeds in the last three months.
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10/02/2017 5:39:50 PM | Posted in Commodities Reports read full news
Base metals witness wild swings this week - Angel Commodities

“The entire base metals pack has seen a lot of volatility this week citing mixed data from China and uncertainty regarding Trump’s policies going forward. Despite this, the non ferrous metals performance has been impressive. Copper, at the forefront, has been a beneficiary of supply disruption concerns with Escondida copper mine’s strike in Chile and Freeport’s Grasberg

10/02/2017 5:31:32 PM | Posted in Commodities Reports read full news
Evening Update For 10th February 2017 - Angel Commodities

News and Analysis

* China’s trade balance shows surplus of $51.4 billion.

* LME Copper stocks fell by 1.3 percent on Thursday.

* US Crude Oil Inventories jumped by 13.8 million bbl last week.

European stocks are trading higher today owing to strongerthan-expected earnings results and favorable trade data from China.

10/02/2017 5:12:46 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined by 0.9 percent to close at $1230.5 per ounce from a three-month high in the previous session after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates.

The dat

10/02/2017 11:02:35 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3535-40 Target 3575-3600 Stop loss 3500 - Enrich Commodities

CRUDEOIL

Crude Oil on Thursday 9th Feb 2017, Crude Oil Feb futures prices up by 30 pts (0.85%) closed at 3544, trading range between 3520-3554.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.0 a barrel.

Crude prices rose on Thursday for the second day in a row away fro

10/02/2017 10:51:48 AM | Posted in Commodities Reports read full news
Buy Gold future dips on 28850 Target 29000-29100 Stop loss 28775 - Enrich Commodities

GOLD

Gold on Thursday 9th Feb 2017, Gold prices down by -241 pts (-0.82%) & closed at 29089 trading range between 29057-29388 and April Comex Gold futures closed at $1236.80, division of the New York Mercantile Exchange.

Gold prices on Thursday plunged, and among political tensions in the Euro-zone that weigh on business confidence and un

10/02/2017 10:44:35 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28847-29509 - Kedia

Gold

Gold on MCX settled down -0.82% at 29089 after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates. Data showing rising U.S. wholesale inventories and an unexpectedly low number of Americans filing for unemployment benefits pushed up the dollar. Chicago Federal

10/02/2017 10:38:44 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Soybean

Soybean futures for February delivery closed little higher on bargain buying and reports of good export demand for the soymeal from the country. The trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1

10/02/2017 10:27:41 AM | Posted in Commodities Reports read full news
Gold prices at three month highs - Angel Commodities

“Gold prices continue to rally as prices hover near three month highs on the international as well as on the domestic exchanges. Risks from elections in Europe and uncertain policies of the Trump government create grounds for gold prices to rise higher. Gold prices in the Indian markets can potentially move higher towards INR 28800 mark in the near term.”

 

Evening Update For 9th February 2017 - Angel Commodities

News and Analysis

* China’s trade balance data due tomorrow.

* LME Copper stocks fell by 1.3 percent on Wednesday.

* US Crude Oil Inventories jumped by 13.8 million bbl last week.

European stocks are trading higher today owing to strongerthan-expected earnings results by French consumer banking giant Societe General

We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.65 percent to close at $1241.6 per ounce as political risks posed by elections in Europe and worries over U.S. President Donald Trump's policies stoked safe haven demand.

Investors are concerned about the strong showing in the French president

9/02/2017 10:42:41 AM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1483.1-1540.1 - Kedia

Gold

Gold on MCX settled down -0.01% at 29330 as prices pared gains on profit booking after prices seen supported by political risk of European elections and worries over U.S. President Donald Trump's policies buoyed safe haven demand for the bullion. Investors are concerned about the strong showing in the French presidential race of far-right can

9/02/2017 10:30:14 AM | Posted in Commodities Reports read full news
We expect Soybean prices to trade on positive - Angel Commodities

Soybean

Soybean futures for February delivery closed unchanged on Wednesday. The trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1,55,160 tonnes of soymeal was exported in Jan 2017 as against 28,400 tonnes

9/02/2017 10:14:04 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3520 Target 3550-3590 Stop loss 3470 - Enrich

Crude Oil

Crude Oil on Wednesday 8th Feb 2017, Crude Oil Feb futures prices up by 14 pts (0.40%) closed at 3514, trading range between 3456-3532.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $52.34 a barrel.

Crude prices rose on Wednesday just above a four-week low hit e

Buy Gold dips on 29250 Target 29350-29450 Stop loss 29180 - Enrich

Gold

Gold on Wednesday 8th Feb 2017, Gold prices down by -2 pts (-0.01%) & closed at 29330 trading range between 29241-29414 and April Comex Gold futures closed at $1239.50 division of the New York Mercantile Exchange.

Gold prices on Wednesday Remains Stable as Market is unsure even after drawing support from dollar’s decline and o

Buy Rmseed April Above 3975 Stoploss Below 3700 Target 4210-4340 - Kedia

Mustard seed

Mustard seed prices dropped tracking weakness in spot demand on expectation of higher supply. After a drop in output over the past two years, production of mustard is seen rebounding this year on the back of higher Rabi acreage. Trade sources estimate the crop to be between 6.5 and 7 million tonnes, mainly on account of the higher acreage

Evening Update For 8th February 2017 - Angel Commodities

News and Analysis

* Strike looms at BHP Billiton’s Escondida mine in Chile.

* LME Copper stocks rose by 0.5 percent on Tuesday.

* API crude oils stocks jumped by 14.2 million bbl last week.

European stocks are trading higher today as FTSE gained after stronger-than-expected full year earnings results by Rio Tinto. A

Buy MCX Copper at 375 – 380, Stoploss – 365, Target – 410 / 415 - Angel Commodities

Copper

Copper prices gained around 8 percent on the LME and MCX as supply disruption concerns came to the fore after workers at the Escondida mine in Chile, the world's largest copper mine rejected an opening pay offer as insufficient as the two sides prepared for the start of a new collective wage agreement. BHP, the world's largest miner by m

Turmeric – Heading towards upper trend line - Sharekhan

Turmeric

Adjacent chart shows price movement of NCDEX Turmeric continuous contract. It has taken support at the lower end of the triangle pattern and has bounced back. It saw a minor consolidation there-after. However, in previous trading session, it has managed to break out from the consolidation. It is likely to head towards the upper end of the tria

8/02/2017 10:58:11 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices fell by 0.2 percent to close at $1233.6/oz as a stronger dollar weighed on prices.

However, worries about the political landscape in the United States and Europe, and a subdued dollar, reinforced investor interest in the safe haven.

Political unce

8/02/2017 10:32:07 AM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways - Angel Commodities

Soybean

Soybean futures closed down on Tuesday but the trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market will remain sufficient. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices.

U.S. soybean futures closed higher on Tuesday on stronger exports

8/02/2017 10:19:00 AM | Posted in Commodities Reports read full news