Aluminum is just breaking out of the long term trend line - JRG Sec

Aluminum

Aluminum is just breaking out of the long term trend line resistance and is providing a good opportunity to go long in the medium term. While the close in the monthly charts is crucial for confirmation of the trend, we expect markets to remain on a bullish note, especially since prices are moving up from multi year lows. To be precise the low

The Crude oil daily chart hold the exact line of 200 day - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 7th August 2017, Crude Oil August futures prices down by (-5) pts (0.16%) closed at 3144, trading range between 3105 – 3159. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.39 a barrel.

Crude futures traded lower on Monday and continue to Trade low on Tuesday morning desp

8/08/2017 11:47:10 AM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 636-656 - Kedia Commodity

Gold

Gold on MCX settled up 0.18% at 28457 mostly flat but advance that was sufficient to end a stumble for the Gold at three sessions. Gold prices declined as expected after July’s broadly better-than-expected US jobs report triggered a supportive shift in the Fed policy outlook. Both policymakers are relatively dovish so their remarks may cool

8/08/2017 11:16:09 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices traded in a very narrow range as prices were little changed at the close of the day at $1257.3 per ounce failing to gain support from a weaker dollar as investors digested sharp losses in the previous session and worried about further U.S. rate hikes.

Also er

8/08/2017 10:59:36 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade lower - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed higher on Monday tracking lower acreage and dry conditions in soybean growing areas of MP. As per government data, soybean planting fell 10.4% to 99 lakh hectares compared with the same period last year. Last year, the acreage was 110 lakh hectare

8/08/2017 10:50:55 AM | Posted in Commodities Reports read full news
Gold price closed near the support which is a 50 Day moving average - Enrich Commodities

GOLD

Gold on Monday 7th August 2017, Gold prices down by (51) pts closed at 28457 trading range between 28372 - 28488 and December Comex Gold futures settled at $1264.70 division of the New York Mercantile Exchange.

Gold prices traded slightly above breakeven on Monday, bouncing off session lows and continue to drop, followed by the comments

8/08/2017 10:43:40 AM | Posted in Commodities Reports read full news
Evening Update For 7th August 2017 - Angel Commodities

News and Analysis

*  China’s forex reserves rose to $3.081 trillion in July.

*  LME Copper stocks fell by 0.5 percent on Friday.

*  UK’s Halifax HPI rose 0.4 percent in July’17.

European markets are trading mixed today as data showed German factory activity lost momentum in June. Asian mark

Sell MCX Natural Gas @182-184 StopLoss 188 Target - 172/170 - Angel Comm

GOLD

MCX Gold Oct as seen in the weekly chart above has opened the week with gap down at 28,807 levels and on the same day it made a weekly high of 28,849 levels. During this week prices have corrected sharply and made a weekly low of 28,325 levels. This week prices have closed below the previous week’s closing of 28,823 levels and finally closed

We expect rmseed prices to trade lower while guar complex and Cotton prices to trade higher - Angel Commo

Agri Commodities

During the last week, Mentha oil futures continue to surge for the second consecutive week followed by Guar gum and Turmeric. However, the prices of oil seed complex and coriander ended in negative due to higher supplies and steady demand in the physical market.

The Mentha futures for August Delivery is heading for its highes

We expect oil prices to move higher towards Rs.3200 mark - Angel Comm

Commodities

Gold

Spot gold prices traded lower by 0.9 percent last week to close at $1257.9 per ounce while the MCX gold prices declined by 1.4 percent to close at Rs.28406 per 10 gms.

The Dollar index fell to a 15-month low and U.S. data showed fewer-than-expected new jobs in July, bringing into question chances o

Mentha Oil trading range for the day is 1127-1200.4 - Kedia Commodity

Gold

On MCX settled down -0.59% at 28406 after better than expected U.S. jobs data boosted the beleaguered dollar, clearing the way for the Federal Reserve to announce next month a plan to start shrinking its balance sheet. U.S. employer payrolls increased by 209,000 jobs last month amid broad gains across industries, data showed, while June's empl

7/08/2017 12:03:15 PM | Posted in Commodities Reports read full news
We expect oil prices to trade lower today - Angel Broking

Bullion

Gold

Spot gold prices traded lower by 0.9 percent last week to close at $1257.9 per ounce while the MCX gold prices declined by 1.4 percent to close at Rs.28406 per 10 gms.

The Dollar index fell to a 15-month low and U.S. data showed fewerthan-expected new jobs in July, bringing into questio

7/08/2017 11:40:05 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade sideways to lower - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed lower last week to fall 2 weeks low tracking weak international prices and lower edible oil prices. Currently, market participants liquidate their long positions on anticipation of steady demand for soybean in coming weeks due to sufficient supplie

7/08/2017 10:36:17 AM | Posted in Commodities Reports read full news
It was unable to close above $1273(28700) for the past one week - Enrich Commodities

GOLD 

Gold Oil on Friday 4th August 2017 Gold prices down by (-170) pts closed at 28406 trading range between 28325 - 28630 and December Comex Gold futures settled at $1264.60 division of the New York Mercantile Exchange.

On Friday, Gold prices dipped as a result of the report based on U.S. employment which gave hope towards another hike

7/08/2017 10:27:23 AM | Posted in Commodities Reports read full news
Crude oil prices on Friday took strong flat support at $48.5 - Enrich Commodities

CRUDE OIL

Crude Oil August futures prices up by (6) pts (0.19%) closed at 3149, trading range between 3094 – 3165. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.58 a barrel.

On Friday, Oil prices edged higher supported by the likely conditions of controlled U.S. shale output. Despite the OPEC’

7/08/2017 10:06:20 AM | Posted in Commodities Reports read full news
MCX Cotton for October delivery is heading for second consecutive weekly rise of 0.70% - Angel Commodities

Below is the view On Weekly Agri-Commodities by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):

“During the current week, Mentha oil futures continue to surge for the second consecutive week followed by Guar gum and Turmeric. However, the prices of oil seed complex and coriander ended in n

Soyabean trading range for the day is 3015-3163 - Kedia Commodity

Gold

On MCX settled down -0.05% at 28576 as investors looked ahead to a key batch of U.S. economic data to gauge how it will impact the Federal Reserve's view on monetary policy. Gold has been well-supported in recent weeks as fading expectations for a third Fed rate hike this year combined with deepening political turmoil in the White House. Indi

4/08/2017 12:15:56 PM | Posted in Commodities Reports read full news