Soybean futures are expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures recover by about 1% on Tuesday due to drastic reduction in soybean arrivals in the physical markets in Madhya Pradesh due to agitation by the farmers. As per Agmarknet data, arrivals of soybean during the first 6 days of June drop by 78% to 13,225 tonnes as compa

Evening Update For 6th June 2017 - Angel Commodities

News and Analysis

* Markets cautious ahead of Britain’s parliamentary elections.

* LME Copper stocks plunged by 1 percent on Monday.

* UK Services PMI fell to 53.8 in May’17.

European markets are trading lower today ahead of uncertain Britain elections and ECB press conference due Thursday. Asian markets are tr

Natural gas prices traded lower on weak - Alpha Commodity

Bullion

* Gold silver prices traded higher on weaker dollar and safe haven demand on US political turmoil, tensions in Middle East and UK election. The dollar index declined sharply giving a way to safe haven metals. Gold ETF holdings rose to 851 tonnes with recent rise in prices.

* The terrorist attack on London and tensions on Middle east also kept gold silver prices to tr

Sell Crude Oil Rise on around 3045-3055 Target 3000-2950 Stop loss at 3075 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 5th June 2017, Crude Oil June futures prices Down by 29 pts (-0.94%) closed at 3052, trading range between 3119-3022 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $47.40 a barrel.

Crude oil futures are trading slightly higher after giving up

Buy Gold August contract on dips 29250-29200 Target 29350-29500 Stop loss at 29150 - Enrich Commodities

GOLD

Gold on Monday 5th June 2017, Gold prices up by 129 pts closed at 29217 trading range between 29172-29299 and June Comex Gold futures closed at $1282.70 division of the New York Mercantile Exchange.

Gold hit a six-week high in earlier trade, on the back of fresh geopolitical tensions in the Middle East, after Saudi Arabia, the United Ara

Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Spot gold prices traded flat to close at $1279.5/oz, while MCX gold prices rose by 0.4 percent to close at Rs.29217 per 10 gms.

However, gold prices touched six week high as job creation fell sharply in May with just 138,000 new jobs, while the unemployment rate declined to 4.3 percent,

6/06/2017 11:50:20 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade negative - Sushil Finance

Gold

Gold prices steadied after rising to a fresh six-week high on Monday as disappointing jobs data dimmed the prospects for aggressive U.S. interest rate increases, even though it was unlikely to deter a rate hike at this month's Federal Reserve policy meeting.

U.S. job growth slowed in May and employment gains in the prior two months

6/06/2017 11:39:50 AM | Posted in Commodities Reports read full news
Cotton trading range for the day is 20560-21000 - Kedia Commodity

Gold

On MCX settled up 0.44% at 29217 gained in yesterday's session as global markets absorbed weekend terrorist attacks in London and investors awaited the outcome of the ECB meeting and UK general election later this week. Prices, also settled at their best level in about six weeks on Friday, and rose roughly 1% for the week, as a reading on US

6/06/2017 10:52:54 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures recover a little on Monday due to lower level buying by the market participants however supply pressure keeps prices lower in spot market. The prices touched it’s lowest since March 2012 during the last week. India soybean sowing for the current kharif reac

6/06/2017 10:33:58 AM | Posted in Commodities Reports read full news
Evening Update For 5th June 2017 - Angel Commodities

News and Analysis

* Britain’s elections, ECB Press conference – key events this week.

* LME Copper stocks fell by 1 percent on Friday.

* UK Services PMI fell to 53.8 in May’17.

European markets are trading lower today as major markets are closed today owing to Whit Monday holiday. Asian markets are tradi

Gold Silver Ratio Report as on 5th June 2017 - Kedia Commodity

Gold     

Gold prices rose in response to disappointing U.S. non-farm payrolls data that lowered expectations for more aggressive U.S. interest rate increases.

Prices also seen supported boosted by demand for safe-haven assets due to political tensions in the United States and Europe.

Demand remained tepid in In

Buy MCX Gold Aug between 28800-28700, SL-28500, Target-29300/29400 - Angel Commodities

MCX GOLD Aug (CMP – 29,088 / $ 1278.80)

MCX Gold Aug as seen in the weekly chart above has opened the week with gap down at 28,925 levels. During this week we noticed that prices have made a high of 29,137 levels and low of 28,802 levels. This week prices have closed above the previous week’s closing of 29,053 levels and finally closed 0.12

We expect NCDEX coriander Jun contract to trade on negative towards 4300/4200 - Angel Commodities

Guar Gum

* Guar gum futures down more than 8% last week to touch lowest since February as Western Rajasthan and Haryana got good pre monsoon showers during the last week.

* Guar gum futures down more than 13.2% in May on forecast of good monsoon, higher stock levels lower demand and steady world crude oil prices crude oil prices.

*

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

Bullion

Gold

Last week, Spot gold prices rose 1 percent to close at $1279.6/oz, while MCX gold prices rose by 0.1 percent to close at Rs.29088 per 10 gms.

Report showed that the U.S. economy created more private-sector jobs than expected in May, further strengthening expectations for an interest ra

5/06/2017 11:43:03 AM | Posted in Commodities Reports read full news
Buy Crude Oil on Dips 3080-3090 Target 3110-3150 Stop loss at 3064 - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 2nd June 2017, Crude Oil June futures prices Up by 78 pts (-2.47%) closed at 3080, trading range between 3130-3021 On the New York, Mercantile Exchange, Crude oil for June delivery on the New York Mercantile Exchange to settle at $47.78 a barrel.

According to the chief of the state-run National Oil Corporation, L

5/06/2017 11:29:01 AM | Posted in Commodities Reports read full news
Buy Gold August contract on dips 29050-29000 Target 29150-29250 Stop loss at 28950 - Enrich Commodities

GOLD

Gold on Friday 2nd June 2017, Gold August future prices up by 145 pts closed at 29088 trading range between 28802-29137 and April Comex Gold futures closed at $1280.00 division of the New York Mercantile Exchange.

After trading in a narrow, but volatile trading range for the first few days last week, gold futures surged to nearly a six-w

5/06/2017 11:18:14 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade positive - Sushil Finance

Gold

Gold prices rose to a six-week high on Friday after disappointing U.S. non-farm payrolls data weighed on the dollar and lowered some expectations for more aggressive U.S. interest rate increases this year.

Data showed that U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reporte

5/06/2017 11:06:32 AM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 2968-3186 - Kedia Commodity

Gold

Gold on MCX settled up 0.5% at 29088 in response to disappointing U.S. non-farm payrolls data that lowered expectations for more aggressive U.S. interest rate increases. Prices also seen supported boosted by demand for safe-haven assets due to political tensions in the United States and Europe.

Data showed that U.S. job growth slowed in

Evening Update For 2nd June 2017 - Angel Commodities

News and Analysis

* Trump decides to withdraw from Paris accord.

* LME Copper stocks fell by 0.8 percent on Thursday.

* US crude stocks dropped 6.4 million barrels in the last week

European markets are trading higher today as private gauge of US nonfarm payrolls boosted risk appetite. Asian markets are trading higher and

Gold Spot Market Update 2 June 2017 - Kedia Commodity

* Polled Premium/Discount for 995 gold in Ahmedabad -0.50 USD/troy oz on June 01, 2017.

* Gold traded with volatility while prices settled down as support seen for the dollar and backed expectations for a US interest-rate hike later this month

* The GST Council will meet again on June 3 to decide on the levy on remaining goods, including gold, footwear and textiles, Minister