Evening Update For 2nd May 2017 - Angel Commodities

News and Analysis

* FOMC statement to be released on 3rd May’17.

* China’s manufacturing PMI fell to 7 month low in April.

* LME Copper stocks plunged by 2.3 percent on Friday.

 

European markets are trading higher largely thanks to strong corporate earnings results. Asian markets are trading mi

We expect NCDEX May contract to trade higher - Angel Commodities

Jeera

* Jeera May futures closed higher last week, its fourth weekly jump in last six weeks, on reports of lower than expected production and anticipation of better export prospects in coming months.

* The stock position of jeera at NCDEX ware house is only 964 tonnes as on 1st May 2017, which was about 3364 tonnes last year. This indicates g

Sell MCX Crude Oil May between 3220 – 3230 - Angel Commodities

MCX GOLD June (CMP – 28,873 / $ 1262)

MCX Gold June as seen in the weekly chart above has opened the week with gap down at 29,250 levels and during this week open and high were the same levels. During this week price have corrected sharply and made a weekly low of 28660 levels. This week prices have closed below the previous week’s closing

Sell Crude Oil Rise On at 3145-3155 Target 3125-3100 Stop loss at 3176 - Enrich Commodities

CRUDEOIL

Crude Oil on Monday May 2017, Crude Oil May month futures prices down by -32 pts (-1.01%) closed at 3142, Crude Prices May month contract trading range between 3132-3173 on the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $48.84 a barrel.

Crude prices fell on Monday amid r

Indian gold and silver prices could trade weak intraday - Reliance Sec

FUNDAMENTALS

Gold and Silver fell on Monday after the Dollar edged up as U.S. congressional negotiators hammered out a deal on a spending package to keep the federal government funded through September.

Spot gold ended down by 0.90% at $1,256.3 an ounce after touching a low of $1,253.7 an ounce. U.

We expect silver prices to trade sideways - Sushil Finance

Gold

Gold prices fell 1 percent to a three-week low on Monday, pressured by rising U.S. stocks and an agreement that averted a U.S. government shutdown, dampening demand for non-interest paying bullion. U.S. stocks were lifted by Apple shares hitting a record high and a gauge of key world equity indexes also strengthened, while Treasury yields rose.

2/05/2017 12:00:53 PM | Posted in Commodities Reports read full news
Cotton trading range for the day is 20533-20993 - Kedia Commodity

Gold

Gold on MCX settled down -0.76% at 28653 pressured by rising U.S. stocks and an agreement that averted a U.S. government shutdown, dampening demand for non-interest paying bullion. U.S. Congressional negotiators hammered out a bipartisan agreement on a spending package to keep the federal government funded through Sept. 30, averting a government

2/05/2017 11:34:58 AM | Posted in Commodities Reports read full news
We expect Crude Oil prices to trade lower - Angel Commodities

Bullion

Gold

On Monday, spot gold prices declined by 0.9 percent to close at $1256.3 per ounce pressured by rising U.S. stocks and an agreement that averted a U.S. government shutdown, dampening demand for non-interest paying bullion.

Many financial markets in Asia and Europe were closed for the May

2/05/2017 10:53:14 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways to lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures close the week down by more than 4% as market participants liquidate their buying positions on anticipation of steady demand due to ample available stocks in the country. As per Agmarknet, arrivals of soybean during Apr 1- 25 is 2,32,853 tonnes while during in Mar

2/05/2017 10:04:12 AM | Posted in Commodities Reports read full news
Evening Update For 28th April 2017 - Angel Commodities

News and Analysis

* Trump indicated a major conflict with North Korea.

* US Advanced GDP data due to be released today.

* LME Copper stocks fell by 0.3 percent on Thursday.

European markets are trading mixed as the risk appetite is low following latest comments by Trump on North Korea. Asian markets are trading lower and t

28/04/2017 5:17:38 PM | Posted in Commodities Reports read full news
Maize trading range for the day is 1461-1523 - Kedia Commodity

Gold

Gold traded in range as a long-awaited U.S. tax cut plan from the Trump Administration failed to inspire investors, who were disappointed by the lack of new details. The European Central Bank stuck to its ultra-easy policy stance as inflation continues to undershoot its target but explicitly acknowledged the vigour of the euro zone economy, now o

28/04/2017 2:33:55 PM | Posted in Commodities Reports read full news
Indian crude oil prices fell on Thursday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Crude prices were slightly lower after a volatile session on Thursday, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories. 

Libya's Sharara and El Feel oilf

28/04/2017 2:10:58 PM | Posted in Commodities Reports read full news
We expect cotton futures to trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures continue fall this week for the fourth consecutive session on Thursday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 4750 tonnes. As per Agmarknet, arrivals of soybean during

28/04/2017 12:33:49 PM | Posted in Commodities Reports read full news
Sell Crude oil Rise on 3170-80 target 3150-3100 stop loss at 3200 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday 28th April 2017, Crude Oil may futures prices down by 52 pts (-1.63%) closed at 3147 , trading range between 3191-3101.On the New York, Mercantile Exchange, Crude oil for may delivery on the New York Mercantile Exchange to settle at $48.97 a barrel.

Traders said that Fridays rises came on the back of OPEC sayi

28/04/2017 12:21:37 PM | Posted in Commodities Reports read full news
Sell Gold Rise On at 28810-28830 Target 28750-28700 stop loss at 28860 - Enrich Commodities

Gold

Gold, June month contract prices Up by (50 points) & closed at 28769 trading range between 28703-28817 and Comex Gold futures closed at $1267.20 division of the New York Mercantile Exchange.

Gold prices struggled to hold onto gains, despite the release of weaker than expected economic data as both Initial Jobless Claims and Durable G

28/04/2017 12:09:22 PM | Posted in Commodities Reports read full news
We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.4 percent to close at $1263.7 per ounce from a five-month high in mid-April, giving up gains that came after U.S. President Donald Trump announced unfunded tax cuts, while comments from European Central Bank President Mario Draghi weakened the euro.

28/04/2017 11:46:24 AM | Posted in Commodities Reports read full news
Evening Update For 27th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due today at 6:00 pm IST.

* Bank of Japan kept its monetary policy unchanged.

* LME Copper stocks fell by 0.3 percent on Wednesday.

European markets are trading lower ahead of the ECB Press conference wherein status quo is widely expected. Asian markets are trading mixed and the US

27/04/2017 4:58:09 PM | Posted in Commodities Reports read full news