We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by 0.7 percent to close at $1286 per ounce reaching a two-month high as another exchange of threats by the United States and North Korea prompted investors to buy bullion as a safe-haven asset.

North Korea said it was completing plans to fire four inter

11/08/2017 10:47:00 AM | Posted in Commodities Reports read full news
The current prices of the Crude oil daily chart hold below the 200-day long term - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 10th August 2017, Crude Oil August futures prices down by (29) pts (-0.92%) closed at 3128, trading range between 3120 – 3223. Crude oil for September delivery on the New York Mercantile Exchange settled at $48.59 a barrel.

Crude futures finished lower on Thursday as investors doubted Opec’s commitm

11/08/2017 9:55:48 AM | Posted in Commodities Reports read full news
Gold prices are about to make its third attempt to hit $1300 - Enrich Commodities

GOLD

Gold on Thursday 10th August 2017, Gold prices up by (332) pts closed at 29176 trading range between 28900 - 29223 and December Comex Gold futures settled at $1290.10 division of the New York Mercantile Exchange.

Gold prices rose to two-month highs on Thursday with the geopolitical tension prevailing in the region as words being exchange

11/08/2017 9:50:42 AM | Posted in Commodities Reports read full news
We expect Copper prices to trade positive - Alpha Commodity

Bullion

* Gold silver prices traded firm on safe haven buying with tensions mounting after North Korea said it is examining the ways to strike on Guam situate in US Pacific region. The dollar index traded off the 15 months lows witnessing recovery. The lack of ETF buying and recovery in dollar index may limit upside in gold prices.

* Silver p

10/08/2017 5:30:36 PM | Posted in Commodities Reports read full news
Gold prices reclaimed two month high - IIFL

Commodities  

Gold prices reclaimed two month high of US$1,280/oz given the intensifying sabre rattling between US and North Korea. After US President Trump`s strict warning to Pyongyang,the defence secretary has cautioned that any threat of military action from North Korea would lead to end of its regime and destruction of people. Meanwhile, Nort

10/08/2017 11:27:48 AM | Posted in Commodities Reports read full news
Crude oil has formed Symmetrical Triangle Pattern - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 9th August 2017, Crude Oil August futures prices up by (18) pts (0.57%) closed at 3157, trading range between 3123 – 3176. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.56 a barrel.

Crude futures finished higher on Wednesday and continue to trade higher on Thursday m

10/08/2017 11:17:19 AM | Posted in Commodities Reports read full news
The gold Intraday Support previous resistance will become support at $1273 - Enrich Commodities

GOLD

Gold on Wednesday 9th August 2017, Gold prices up by (465) pts closed at 28844 trading range between 28520 - 28865 and December Comex Gold futures settled at $1262.60 division of the New York Mercantile Exchange.

Gold prices rose to one-week highs on Wednesday and continue with early gains in Asia with the geopolitical tension prevailing

10/08/2017 11:11:40 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose by 1.34 percent to close at $1277.2 per ounce as prices rose to the highest in two months after North Korea said it is considering an attack on the U.S. Pacific territory of Guam and U.S. President Donald Trump boasted of the strength of the American nuclear ars

10/08/2017 10:24:59 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean October futures closed lower on Wednesday tracking weak physical demand from the industrial buyers. Moreover, higher stock levels in the country also pressurizing prices. As per government data, soybean planting fell 10.4% to 99 lakh hectares compared with the same peri

10/08/2017 10:10:54 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28398-29088 - Kedia Commodity

Gold

On MCX settled up 1.64% at 28844 as investors piled into safe haven assets amid intensifying tensions between U.S. and North Korea, with Pyongyang saying it is considering plans to attack Guam. The rally came after Tuesday's drop to a two-week low on better-than-expected U.S. jobs data, while investors awaited U.S. inflation figures later thi

10/08/2017 9:55:57 AM | Posted in Commodities Reports read full news
Buy Gold (Oct) @ 28653 & 28550 SL 28240 TGT 29200 - Choice India

GOLD

On the daily chart, MCX Gold price has given a breakout of its range-bound pattern which will induce a strong rally in the price over the short term.

Moreover, MCX Gold price has moved above 50% retracement level (currently pegged at 28593) of previous fall from 29585 to 27603. The bias is expected to remain bullish as long as price hold

Evening Update For 9th August 2017 - Angel Commodities

News and Analysis

* US, North Korea tensions hurt global equities.

* LME Copper stocks plunged by 1.7 percent on Tuesday.

* China’s CPI fell to 1.4 percent in July’17.

European markets are trading lower today as latest verbal attacks between the US and North Korea after the latter’s claim of Ballistic Mi

Gold price took support which is a 50 Day - Enrich

Gold

Gold on Tuesday 8th August 2017, Gold prices down by (-78) pts closed at 28379 trading range between 28300 - 28529 and December Comex Gold futures settled at $1262.60 division of the New York Mercantile Exchange.

Gold prices finished lower on Tuesday, moving farther away from the highest since June 14, as the dollar index settle higher

Crude oil has formed Symmetrical Triangle Pattern - Enrich

Crude Oil

Crude Oil on Tuesday 8th August 2017, Crude Oil August futures prices down by (-5) pts (0.16%) closed at 3139, trading range between 3116 – 3179. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.17 a barrel.

Crude futures finished lower on Tuesday and oil prices remain mixed with the increase

9/08/2017 12:59:53 PM | 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 marginally by 0.23 percent to close at $1260.2 per ounce after U.S. jobs data came in better than expected and the dollar turned positive, while investors awaited U.S. inflation figures later this week for further clues about the pace of interest rate rises.

9/08/2017 11:16:55 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade sideways today - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed lower on Tuesday as market participants are exiting their positions in near month contract. However, Sep contract closed with gain due to fresh buying tracking lower acreage and dry conditions in soybean growing areas of MP. As per government data

9/08/2017 11:07:32 AM | Posted in Commodities Reports read full news
CPO trading range for the day is 482.2-492.4 - Kedia Commodity

Gold

Gold on MCX settled down -0.27% at 28379 after US jobs data came in better than expected and the dollar turned positive, while investors awaited US inflation figures later this week for further clues about the pace of interest rate rises. The precious metal hit 8-week highs to start August, but has since leveled off amid mixed economic data, incl

9/08/2017 10:18:22 AM | Posted in Commodities Reports read full news