The market should then go to the 685-690 level - Enrich Commodities

NICKEL TREND VIEW

Technical view:

I have been looking to the intraday hourly charts in Nickel Market formed “symmetric triangle” in this pattern the current downtrend in price may continue through a steady and breakout below 665 then extended downside target 650-640 level . I think that if we can b

16/03/2017 9:28:48 AM | Posted in Commodities Reports read full news
Evening Update For 15th March 2017 - Angel Commodities

News and Analysis

* Markets to keenly watch FOMC meeting due tonight.

* UK’s Claimant Count Change fell by 11.3K in Feb’17.

* LME Copper stocks jumped by 2.6 percent on Tuesday. 

 

European stocks are trading higher today as ahead of the anticipated US rate hike. Asian markets ended mixed an

15/03/2017 5:03:35 PM | Posted in Commodities Reports read full news
Crude oil Sell crude oil below 3185 target 3160-3144 stop loss at 3200 - Enrich Commodities

Crude Oil

Crude Oil on Tuesday14th March 2017, Crude Oil March futures prices down by -67 pts (-2.09%) closed at 3136, trading range between 3107-3231.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $47.72 a barrel.

Crude prices widened their losses on Tuesday to a 3-1/2 m

15/03/2017 11:24:31 AM | Posted in Commodities Reports read full news
Gold future Dips on Buy around 28000 Target 28500-29000 Stop loss 27750 - Enrich Commodities

Gold

Gold on Tuesday 14th March 2017, Gold prices down by -175pts (-0.62%) & closed at 28076 trading range between 28055-28279 and April Comex Gold futures closed at $1202.60, division of the New York Mercantile Exchange. Gold prices kept wavering near a five-week low on Tuesday as markets await the Federal Reserve’s policy decisions, while c

15/03/2017 11:15:53 AM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed lower on Tuesday due to huge supplies n physical markets. The oil millers and stockists are active at lower prices. As per SEA monthly release, India exported 207,977 tonnes soymeal in February, up from 29,950 tonnes in the year-ago period. The exports wer

15/03/2017 10:59:13 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold prices were little changed on Tuesday as an expected U.S. interest rate hike boosted the dollar and weighed on the precious metal, but political risks in Europe provided safe-haven support.

With a rate increase by the Federal Reserve seen as a done deal, investor focus is shifting to what message the U.S. central bank will deliver w

15/03/2017 10:49:15 AM | Posted in Commodities Reports read full news
Cotton trading range for the day is 20800-21360 - Kedia Commodity

Gold

Gold on MCX settled down -0.62% at 28076 as an expected U.S. interest rate hike boosted the dollar and weighed on the precious metal, but political risks in Europe provided safe-haven support. U.S. producer prices increased more than expected in February as the cost of services such as hotel accommodation pushed higher and the year-on-year gain wa

15/03/2017 10:13:35 AM | Posted in Commodities Reports read full news
Evening Update For 14th March 2017 - Angel Commodities

News and Analysis

* Markets to keenly watch FOMC meeting due tomorrow.

* German ZEW Economic Sentiment rose less than expected in Mar’17.

* LME Copper stocks up by 0.3 percent on Monday. 

European stocks are trading lower today as British PM May won permission to begin talks with the EU over Britain’s exit

14/03/2017 5:16:41 PM | Posted in Commodities Reports read full news
We expect cotton prices for March delivery to trade higher - Angel Commodities

Soybean

*Soybean futures closed lower as good physical supplies putting pressure on prices this season. The most-active Apr’17 delivery contract closed 3.6 % down to settle at Rs. 2,872 per quintal.

*The arrivals last week down drastically during last week (Mar 6-10) to 67,351 tonnes Vs 82,388 lt in the previous week (Feb 27- mar 03). T

14/03/2017 4:40:25 PM | Posted in Commodities Reports read full news
Jeera trading range for the day is 16695-17525 - Kedia Commodity

Gold

Gold on MCX settled down -0.41% at 28251 as the prospect of imminent interest rate rises kept them near the five-week lows touched last week. Fed policymakers on Tuesday gather for a two-day meeting that is expected to end with the central bank raising interest rates for the second time in three months. Investors are also focusing on Wednesday'

14/03/2017 12:04:50 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Monday, spot gold prices marginally declined by 0.08 percent to close at $1203.6 per ounce as the prospect of imminent interest rate rises kept them near the five-week lows touched last week, while elections in Europe created uncertainty and fueled investor buying.

Investors are focus

14/03/2017 11:49:06 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold prices were little changed on Monday as the prospect of imminent interest rate rises kept them near the five-week lows touched last week, while elections in Europe created uncertainty and fueled investor buying.

Investors are focusing on Wednesday's Dutch elections. The chance of a eurosceptic party coming to power in the Nether

14/03/2017 11:31:38 AM | Posted in Commodities Reports read full news
Crude oil rise on sell 3215-20 target 3190-3150 stop loss at 3250 - Enrich Commodities

Crude Oil

Crude Oil on Monday 13th March 2017, Crude Oil March futures prices down by -2+6 pts (-0.81%) closed at 3203, trading range between 3186-3223.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $48.40 a barrel.

Crude prices fell on Monday to a four-month low on U.S.

14/03/2017 11:07:35 AM | Posted in Commodities Reports read full news
We expect Jeera futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures closed lower last week on expectation of adequate supplies in physical markets capped further gain. The oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. As per SEA monthly release, India exported 207,977 tonn

14/03/2017 11:00:06 AM | Posted in Commodities Reports read full news
Gold future Dips on Buy around 28000 Target 28500-29000 Stop loss 27750 - Enrich Commodities

Gold

Gold on Monday 13th March 2017, Gold prices down by -115pts (-0.41%) & closed at 28251 trading range between 28210-28420 and April Comex Gold futures closed at $1203.10, division of the New York Mercantile Exchange. Gold prices kept trading on the back foot on Monday as the dollar wavers against a basket of currencies at the outset of a busy w

14/03/2017 10:15:11 AM | Posted in Commodities Reports read full news
Gold future Dips on Buy around 28000-28200 Target 28500-29000 Stop loss 27750 - Enrich Commodities

Gold

Gold on Friday 10th March 2017, Gold prices down by -80pts (-0.28%$) & closed at 28366 trading range between 28251-28464 and April Comex Gold futures closed at $1204.45, division of the New York Mercantile Exchange.

The U.S. economy added 235,000 jobs in February from the prior month, as the construction sector recorded its largest gain in ne

13/03/2017 9:55:01 AM | Posted in Commodities Reports read full news
Crude oil rise on sell 3250-40 target 3200-3150 stop loss at 3275 - Enrich Commodities

Crude Oil

Crude Oil on Friday 10th March 2017, Crude Oil March futures prices down by -42 pts (-1.28%) closed at 3229, trading range between 3220-3237.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $48.40 a barrel.

According to the EIA, the amount of crude oil in U.S. sto

13/03/2017 9:46:33 AM | Posted in Commodities Reports read full news
Sell Copper between 390 – 395, S – 416, Target – 360/355 - Angel Commodities

Outlook

Copper prices are likely to trade lower in Mar’17 as Janet Yellen in her latest speech on 3rd Mar’17, sent a strong signal indicating the Fed will act at its next policy meeting on 15th Mar’17, except for any unfavorable economic surprises. Following this, the probability of rate hike this month jumped nearly 78 percent to abo

11/03/2017 1:51:18 PM | Posted in Commodities Reports read full news
Sell Copper around 383 target 380-378 stop loss at 385 - Enrich Commodities

Technical view:

I have been looking to the Intraday 1 hour charts in Copper Market formed “Falling wedge Chart pattern” in this pattern the current downtrend has been extended 376-370. If break above the resistance green at 385 then reversal to up move target 390 Otherwise still momentum has been negative continues down move expected 376. R

11/03/2017 10:41:34 AM | Posted in Commodities Reports read full news