Copper trading range for the day is 422.8-432.2 - Kedia

Gold

Gold on MCX settled down -0.35% at 29406 as rupee strengthened 0.80%, to its biggest gain in seven months, against the dollar after RBI kept key rates unchanged as expected, While Comex Gold prices have risen above a seven-week low but settled at $1276.80/oz up $2.20 as the US dollar came off its highs. Bullion was pressured earlier by strong US

5/10/2017 10:30:14 AM | Posted in Commodities Reports read full news
BUY Gold Dec 2017 @ 29300 SL 29180 TGT 29450-29600 - Kedia Commodity

MCX GOLD UPDATE

Gold on MCX settled down -0.35% at 29406 as rupee strengthened 0.80%, to its biggest gain in seven months, against the dollar after RBI kept key rates unchanged as expected, While Comex Gold prices have risen above a seven-week low but settled at $1276.80/oz up $2.20 as the US dollar came off its highs. Bullion was pressured earlier by

Crude oil inventories were down by 467,000 barrels - Enrich Commodities

Crude Oil on 3rd October 2017, Crude Oil October futures down by (-62) pts( -1.84%)  closed at 3311, trading range between 3295 – 3354. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 50.42 a barrel. 

Oil prices moved lower on Tuesday as investors took profits after big third-quarter gains. 

According to reports from the

4/10/2017 12:03:53 PM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Oct futures closed lower for the third consecutive session and see some fresh selling on expectation of increase in arrivals for new season crop. Moreover, extend in the limits on stocks of oilseeds and edible oils with traders and mills till September 30, 2018 also bea

4/10/2017 11:55:35 AM | Posted in Commodities Reports read full news
Gold prices were restricted to a narrow $7 trading range - Enrich Commodities

Gold on 3rd Oct 2017, Gold prices down by (-202) pts closed at 29355, trading range between 29300 - 29500 and December Comex Gold futures settled at $1274.60 division of the New York Mercantile Exchange. Gold prices halted their recent slump after treasury yields trimmed gains pressuring the dollar to retreat from six-week highs lifting sentiment on the yellow metal.

Gold prices were

4/10/2017 11:40:52 AM | Posted in Commodities Reports read full news
Copper prices are likely to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose marginally by 0.07 percent to close at $1271.6 per ounce as prices rose above a seven week low while dollar index retreated from its highs. The CME's Fed watch indicator showed markets were pricing in a 77 percent likelihood of a December rate rise after Mon

4/10/2017 11:13:44 AM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 185.8-198.6 - Kedia

Gold

Gold on MCX settled down -0.66% at 29509 while after gap down opening prices traded in the range adn unable to trim recent losses in the absence of first-tier economic data. Gold prices have slumped recently due to expectations the Fed will soon raise interest rates.

Fed Chair Janet Yellen hinted as much last week when she said she was

4/10/2017 10:59:47 AM | Posted in Commodities Reports read full news
BUY Silver Dec 2017 @ 39250 SL 39000 TGT 39560-39800 - Kedia Commodity

MCX Gold Update

Gold on MCX settled down -0.66% at 29509 while after gap down opening prices traded in the range adn unable to trim recent losses in the absence of first-tier economic data. Gold prices have slumped recently due to expectations the Fed will soon raise interest rates. Fed Chair Janet Yellen hinted as much last week when she said she was

Sell NCDEX Guargum Oct At 8100 – 8150, SL – 8350, Target– 7400 / 7200 - Angel Commodities

MCX Cotton Oct futures and NCDEX kapas futures closed higher last week on reports of lower than expected domestic production forecasted by the government. As per latest data from Agricultural Ministry, the area under cotton across the country was at 122 lakh ha in 2017, up nearly 18.7% on year. Cotton area is higher than the normal of 114.9 lakh ha for the period, based on the average of last f

We expect Natural Gas prices to find support in the range of 193 - 191 levels - Angel Commodities

MCX GOLD Dec (CMP – 29,706 / $ 1297.55)

MCX Gold Dec as seen in the weekly chart above has opened the week with gap down at 29,634 levels and during this week open and low were the same levels. At the starting of the week prices had rallied sharply and made a weekly high of 30,310 levels. Later on as expected prices could not able to sustain on h

Gold struggled around a seven week of US$1,217/oz - IIFL

Commodities

Gold struggled around a seven week of US$1,217/oz, weighed down by buoyant US equity markets and stronger US dollar. Expectations of a tax reforms in US has reinforced the reflation trade and effectively calmer environment in Korean Peninsula has also dented the safe haven appetite for the precious pack. Markets also look forward to the pro

3/10/2017 11:09:35 AM | Posted in Commodities Reports read full news
Copper prices are expected to trade lower today - Angel Commodities

Bullion

Gold

Spot gold declined by 0.66 percent on Monday to close at $1270.7 per ounce while Indian markets were closed on 2nd October on account t of Gandhi Jayanti. MCX gold prices declines by 1.2 percent last week to close at Rs.29557 per 10 gms.

Stronger dollar on account of good economic data

3/10/2017 10:50:26 AM | Posted in Commodities Reports read full news
The crude oil support line could lead towards 3300 - Enrich Commodities

CRUDE OIL

Crude Oil on 29th September 2017, Crude Oil October futures closed at 3373, trading range between 3356 – 3400.

Crude oil for November delivery on the New York Mercantile Exchange settled at $ 50.58 a barrel. Crude oil prices dipped lower on Monday in spite of a slight increase in crude production as figures revealed Opec oil o

3/10/2017 10:02:45 AM | Posted in Commodities Reports read full news
The gold support line could lead towards 29600-29400 level - Enrich Commodities

GOLD

Gold on 29th September 2017, Gold prices down by (- 51) pts closed at 29557, trading range between 29526 - 29671 and December Comex Gold futures settled at $1275.80 division of the New York Mercantile Exchange.

Gold prices fell to seven-week lows on Monday, after manufacturing data peak prospects moving dollar to session highs as investo

MCX Cotton Oct futures expected to close higher this week - Angel Commodities

“MCX Cotton Oct futures expected to close higher this week on reports of lower than expected domestic production forecasted by the government. As per latest data from Agricultural Ministry, the area under cotton across the country was at 122 lakh ha in 2017, up nearly 18.7% on year. Cotton area is higher than the normal of 114.9 lakh ha for the period, based on the average of last five ye

Non-Ferrous metals Will derive cues from slew - IIFL

Gold

Gold prices moved towards a six week low of US$1,280/oz at one point of time, As stronger US macro  numbers augmented the prospects of a Fed rate hike in December.US Q2 GDP was upwardly revised to 3.1% (Q/Q) from the earlier estimate of 3%. However, expectations call for a slowdown in growth during the current quarter given the havoc created

29/09/2017 1:03:35 PM | Posted in Commodities Reports read full news