The crude oil prices will react as support in intraday - Enrich Commodities

CRUDEOIL

Crude Oil on Thursday 3rd August 2017, Crude Oil August futures prices down by (-4) pts (-0.13%) closed at 3147, trading range between 3132 – 3189. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.03 a barrel.

On Thursday, Crude futures dipped lower. The reason noted was the anticipation of tr

4/08/2017 11:49:04 AM | Posted in Commodities Reports read full news
We expect gold prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose marginally by 0.15 percent to close at $1268.2 per ounce as investors awaited U.S. jobs data for further clues on the outlook for interest rates.

Gold rallied through most of July as the dollar fell on reduced expectations for a third U.S. rate increase this year. Inf

4/08/2017 11:43:14 AM | Posted in Commodities Reports read full news
Gold prices were unable to close above $1270 - Enrich Commodities

GOLD

Gold on Thursday 4th August 2017, Gold prices up by (-13) pts closed at 28576 trading range between 28365 - 28593 and August Comex

Gold futures settled at $1271.80 division of the New York Mercantile Exchange. Gold sustained its seven-week highs on Thursday but settled below the breakeven point. It is evident that the traders are waiting

4/08/2017 11:40:17 AM | Posted in Commodities Reports read full news
Gold price to move higher towards 28850 levels - Choice India

Bullions

Gold

Technical View:

On the hourly chart, MCX Gold price has taken the support of its rising trend line at 28250 level. Moreover, on the hourly chart, COMEX Gold price has taken the support of its rising trend line at $1252 level. In addition, momentum indica

4/08/2017 11:34:02 AM | Posted in Commodities Reports read full news
Gold prices traded on a stable note before the release of key US non-farm payroll numbers - IIFL

Gold prices traded on a stable note before the release of key US non-farm payroll numbers, where projections call for an addition of just 183,000 jobs in July, when compared with 222,000 during the prior month. The precious pack is also deriving an element of support from growing political uncertainty in US. A grand jury is commissioned to investigate whether Russia meddled in the recent US nat

4/08/2017 11:00:05 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures fell to 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 supplies of edible oil in the

4/08/2017 10:54:25 AM | Posted in Commodities Reports read full news
Evening Update For 3rd August 2017 - Angel Commodities

News and Analysis

*  Bank of England maintains status quo in its policy.

*  LME Copper stocks fell by 0.6 percent on Wednesday.

* UK’s Services PMI rose to 53.8 in July’17.

European markets are trading mixed today hurt by weakness in oil prices and related company shares. Asian markets are trading lo

Cardamom trading range for the day is 1063.3-1127.3 - Kedia Commodity

Gold

On MCX settled down -0.63% at 28589 as investors took profits following a recent rally, with strong economic growth in Europe and rising stock markets encouraging a shift to riskier assets. U.S. private employers added 178,000 jobs in July, below expectations, a report by a payrolls processor showed. The U.S. economy will likely be strong enough

3/08/2017 11:30:33 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined marginally by 0.2 percent to close at $1266.2 per ounce although the dollar fell to a 15-month low and U.S. data showed fewer-than-expected new jobs in July, bringing into question chances of the Federal Reserve raising interest rates in the coming months.

3/08/2017 11:16:10 AM | Posted in Commodities Reports read full news
WTI crude oil prices rebounded from session - Enrich Commodities

CRUDEOIL

Crude Oil on Wednesday 2nd August 2017, Crude Oil August futures prices up by (12) pts (0.38%) closed at 3147, trading range between 3101 – 3158. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.59 a barrel.

On Wednesday, crude futures edged higher as the data showed the production of U.S crud

3/08/2017 10:50:58 AM | Posted in Commodities Reports read full news
Gold prices up by (33) pts closed at 28437 trading range between 28400 - 28509 - Enrich Commodities

GOLD

Gold on Wednesday 2nd August 2017, Gold prices up by (33) pts closed at 28437 trading range between 28400 - 28509 and August Comex Gold futures settled at $1271.80 division of the New York Mercantile Exchange.

Gold prices dropped overnight on Wednesday, but sustained near seven-week high as the data released by the ADP failed expectation

3/08/2017 10:34:44 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed lower for the third consecutive day on Wednesday as market participants liquidate their long positions on anticipation of steady demand for soybean in coming weeks due to sufficient supplies of edible oil in the country.

Kharif Sowing of

3/08/2017 10:25:13 AM | Posted in Commodities Reports read full news
Evening Update For 2nd August 2017 - Angel Commodities

News and Analysis

* US crude oil inventories data due tonight at 8:00pm IST.

* LME Copper stocks surged by 1.9 percent on Tuesday.

* UK’s Construction PMI fell to 51.9in July’17.

European markets are trading lower today hurt by weakness in oil prices. Asian markets are trading higher and the US stock futures a

Oil futures retraced from recent highs - IIFL

Commodities

Gold prices traded on a steady note, influenced by legislative uncertainty in US and geopolitical tensions emanating from North Korea and Venezuela. Moreover, gold bugs also deriving some comfort from slowing inflation levels and subdued wage growth in US, which is leading to a perception that Federal Reserve will avoid being aggressive on

2/08/2017 12:02:17 PM | Posted in Commodities Reports read full news
Crude oil prices failed to hold above resistance line at $50 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 1st August 2017, Crude Oil August futures prices down by (-48) pts (-1.51%) closed at 3135, trading range between 3107 – 3234. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.16 a barrel.

According to the sources from the American Petroleum Institute (API) - Crude oil in

2/08/2017 11:43:00 AM | Posted in Commodities Reports read full news
Gold prices were unable to close above $1270 - Enrich Commodities

GOLD

Gold on Tuesday 1st August 2017, Gold prices down by (-153) pts closed at 28404 trading range between 28350 - 28569 and August Comex Gold futures settled at $1272.60 division of the New York Mercantile Exchange.

Gold prices traded low ignoring the small uptrend in the dollar after the release of the economic data which indicated to reaso

2/08/2017 11:38:50 AM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 175.9-185.1 - Kedia Commodity

Gold

Gold settled flat after U.S. economic data showed lukewarm inflation and nearly flat consumer spending. Gold prices hit seven-week highs, after a trio of mixed economic reports on inflation; personal spending and manufacturing activity, failed to ease concerns about the strength of the U.S. economy. The personal consumption expenditures (PCE) pri

2/08/2017 11:04:26 AM | 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 August futures closed lower for the second consecutive day on Tuesday as market participants liquidate their long positions on anticipation of steady demand for soybean in coming weeks due to sufficient supplies of edible oil in the country.

Sowing of soybean

2/08/2017 10:45:16 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices closed flat at $1268.6 per ounce while MCX gold prices rose marginally to Rs.28771 per 10 gms.

Weak economic data from the US boosted demand in the safe haven, pushing it to the highest since June 8. ISM Manufacturing PMI indicated factory activity slowed to

2/08/2017 10:27:02 AM | Posted in Commodities Reports read full news