BSE`s India INX to commence trading in WTI and Brent Crude Oil futures

Mumbai, October 11, 2017: BSE’s India INX, country’s first international exchange, has received an approval from the SEBI to commence trading in WTI Crude Oil and Brent Crude Oil future contracts. India INX will be the first at IFSC to commence trading this month in WTI Crude Oil futures contract from Friday, October 20, 2017 and Brent Crude Oil futures contract fro

11/10/2017 5:14:21 PM | Posted in Commodities Reports read full news
Gold prices extended recovery towards US$1,290/oz mark - IIFL

Commodities

 

Gold prices extended recovery towards US$1,290/oz mark, helped by slight retracement in US dollar basket of currencies. Investors also derived cues from deterioration in US-Turkey diplomatic relations. Nevertheless, we reiterate that upside in yellow metal remains confined given the policy normalisation nar

11/10/2017 12:37:09 PM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 7156-7452 - Kedia

Gold

on MCX settled up 0.31% at 29825 supported by a softer dollar and geopolitical tensions in Spain and North Korea. The dollar edged further away from a 10-week high scaled recently amid speculation that the U.S. tax overhaul plan introduced by President Donald Trump would stall, with a buoyant euro adding further pressure on the greenback.

11/10/2017 11:52:20 AM | Posted in Commodities Reports read full news
MCX Gold prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.28 percent to close at $1287.5 per ounce on account of weak dollar index and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another U.S. interest rate increase.

Investors were particularly wary on Tuesd

11/10/2017 11:34:39 AM | Posted in Commodities Reports read full news
We expect Jeera Nov futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures continue to trade lower on reports of lower meal exports in September coupled with sufficient arrivals from new season crop. India's soymeal exports during September were at 9,650 tn, down 21% from a year ago. While with huge carryover stocks also pressu

11/10/2017 11:19:47 AM | Posted in Commodities Reports read full news
MCX Copper with a revised price potential of 450 - Choice Broking

Bullions

Gold

Technical View:

MCX Gold price started on a positive note and remained in the green throughout the day. Moreover, price has maintained above the rising trendline. In addition, 21 EMA and 50 EMA are in bullish crossover. Besides, a bullish reciprocal AB

11/10/2017 10:48:45 AM | Posted in Commodities Reports read full news
BUY Silver Dec 2017 @ 40050 SL 39800 Tgt 40360-40640 - Kedia Commodity

MCX GOLD UPDATE

Gold on MCX settled up 0.31% at 29825 supported by a softer dollar and geopolitical tensions in Spain and North Korea. The dollar edged further away from a 10-week high scaled recently amid speculation that the U.S. tax overhaul plan introduced by President Donald Trump would stall, with a buoyant euro adding further pressure on the gre

11/10/2017 10:28:56 AM | Posted in Commodities Reports read full news
Crude oil prices are at the middle of the neutral range - Enrich Commodities

CRUDEOIL

 

Crude Oil on 10th October 2017, Crude Oil October futures up by (75) pts (2.30%) closed at 3331, trading range between 3244 – 3335. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 50.92 a barrel.

Crude oil prices rose higher on Tuesday and continue to trade higher Wednesday mor

11/10/2017 10:18:52 AM | Posted in Commodities Reports read full news
Gold Outlook– Chirag Mehta By Quantum Gold Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Equity Fund of Funds

The specter of higher rates as implied by Fed’s hawkish posture accompanied by a seeming attempt to unwind Fed’s bloated balance sheet led to a renewed strength in the dollar and declining gold prices. Odds of a Fed rate hike by December rose to about 70%, up from less than 30% a month ago. Markets perceived a remarkable shift in political focus in Washington from the hapless health

10/10/2017 4:46:42 PM | Posted in Mutual Fund Expert Views read full news
Gold trading range for the day is 29615-29831 - Kedia Commodity

Gold

Gold on MCX settled up 0.54% at 29732 kicked off the new week with gains on Monday in quiet trade on account of Columbus Day in the US. Prices bounced after falling for a fourth week to a two-month low on Friday, following an upbeat reading of U.S. wage growth and unemployment that supported expectations for a U.S. interest rate hike in December,

10/10/2017 11:45:13 AM | Posted in Commodities Reports read full news
We expect oil prices to move higher towards Rs.3300 mark - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.67 percent to close at $1283.9 per ounce on account of bargain hunting at lower levels while the return of Chinese buyers to the market also lent support.

Prices bounced after falling for a fourth week to a two-month low on Friday, following an upbea

10/10/2017 11:17:14 AM | Posted in Commodities Reports read full news
CPO futures may trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures continue to trade lower on expectation of sufficient arrivals from new season crop. While with huge carryover stocks too pressurize prices. Moreover, extend in the limits on stocks of oilseeds and edible oils with traders and mills till September 30, 2018 als

10/10/2017 10:51:48 AM | Posted in Commodities Reports read full news
Crude oil Selling pressure is expected to move towards $49-47 level - Enrich Commodities

CRUDE OIL

Crude Oil on 9th October 2017, Crude Oil October futures up by (16) pts (0.49%) closed at 3256, trading range between 3218 – 3260. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 49.58 a barrel.

Crude oil prices rose higher on Monday with an optimistic start to the week as oil production return

10/10/2017 10:30:06 AM | Posted in Commodities Reports read full news
The gold current trend seems like a sideway market - Enrich Commodities

GOLD

Gold on 9th Oct 2017, Gold prices up by (159) pts closed at 29732, trading range between 29664 - 29772 and December Comex Gold futures settled at $ 1285 division of the New York Mercantile Exchange.

Gold prices rose on Monday against the weakened dollar as an increase in geopolitical uncertainty raised demand for the safe-haven gold. How

10/10/2017 10:25:06 AM | Posted in Commodities Reports read full news
Buy Gold Dec 2017 @ 29700 SL 29550 TGT 29880-30000 - Kedia Commodity

GOLD

Gold on MCX settled up 0.54% at 29732 kicked off the new week with gains on Monday in quiet trade on account of Columbus Day in the US. Prices bounced after falling for a fourth week to a two-month low on Friday, following an upbeat reading of U.S. wage growth and unemployment that supported expectations for a U.S. interest rate hike in December,

10/10/2017 9:46:31 AM | Posted in Commodities Reports read full news
We expect Natural Gas prices to find support in the range of 185 - 183 levels - Angel Commodities

NSE USDINR Oct (CMP – 65.55)

NSE USDINR Oct as seen in the weekly chart above has opened the week at 65.50 levels and at the starting of the week it made a weekly high of 65.86 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 65.14 levels. This week prices have closed ab

9/10/2017 12:26:52 PM | Posted in Commodities Reports read full news
We Expect Ref Soy oil to trade sideways due to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures recorded second successive fall last week on expectation of increase in arrivals from new season crop. Moreover, extend in the limits on stocks of oilseeds and edible oils with traders and mills till September 30, 2018 also bearish for the oilseeds. As the

9/10/2017 11:53:25 AM | Posted in Commodities Reports read full news