Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed with gains on third consecutive day on Thursday on reports of lower sowing compared to last year. However, the prices are still trading in a range due to good stocks and steady demand.

As per government data, area under soybean crop across

28/07/2017 10:30:51 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined marginally by 0.17 percent to close at $1258.5 per ounce on account of stronger dollar index as solid economic data from the US and statement by the US FED to consider trimming its balance sheet were push factors.

The U.S. central bank appeared les

28/07/2017 10:23:03 AM | Posted in Commodities Reports read full news
Gold prices uptrend pressure will be at $1265 - Enrich Commodities

GOLD

Gold on Thursday 27th July 2017, Gold prices up by (92) pts closed at 28476 trading range between 28367 - 28607 and August Comex Gold futures settled at $1260 division of the New York Mercantile Exchange.

On Thursday, Gold prices settled higher, brushing aside a bounce back in the dollar, as investors maintain to heap into the precious m

28/07/2017 9:50:34 AM | Posted in Commodities Reports read full news
Crude oil prices continue to push higher everyday as market - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 27th July 2017, Crude Oil August futures prices Up by ( 29 ) pts (0.93%) closed at 3161, trading range between 3106 – 3166. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.04 a barrel.

On Thursday, Crude moved to eight-week highs. Crude futures closed higher as investor

28/07/2017 9:46:23 AM | Posted in Commodities Reports read full news
Evening Update For 27th July 2017 - Angel Commodities

News and Analysis

* FOMC statement perceived more dovish than hawkish.

* LME Copper stocks gain 0.4 percent on Wednesday.

* US oil stocks plunged by more than expected 7.2 mn bbl.

European markets are trading lower today owing to mixed earnings result. Asian markets are trading higher and the US stock futures are trading

27/07/2017 5:33:58 PM | Posted in Commodities Reports read full news
Natural gas prices traded steady in lower - Alpha Commodity

Bullion

* Gold silver prices traded higher on weaker dollar and safe haven demand after US FOMC. The dollar index traded near 13 months low on concerns over low inflation levels. However prices limited upside as FED maintained the stance over gradual rate hike.

* Prices are expected to trade sideways to up with weaker dollar for the day. The

27/07/2017 4:08:33 PM | Posted in Commodities Reports read full news
The central bank kept interest rates unchanged - IIFL

Commodities

Gold prices bolstered, as Fed Policy statement was construed to be relatively dovish. The central bank kept interest rates unchanged and stated that it will persist with its slow pace of policy normalisation. Fed also mentioned that it would start tapering its balance sheet relatively soon, probably beginning from Septembar.However, fed no

27/07/2017 1:33:08 PM | Posted in Commodities Reports read full news
Cotton trading range for the day is 17833-18993 - Kedia Commodity

Gold

Gold on MCX settled down -0.33% at 28384 fell for a third-straight session Wednesday to finish at their lowest level in a week pressured by modest strength in the US dollar so far this week. After the US Fed’s policy announcement, prices recovered from the losses and prices move up as the US dollar weakened a bit against most currency rival

27/07/2017 11:28:20 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose by 1 percent to close at $1260.60 per ounce after the U.S. Federal Reserve said it would start to wind down its massive holdings of bonds "relatively soon," pushing the dollar lower.

The U.S. central bank kept interest rates unchanged as expe

27/07/2017 10:49:39 AM | Posted in Commodities Reports read full news
Short term support will be inner dotted line at $47.75 - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 26th July 2017, Crude Oil August futures prices up by ( 42 ) pts (1.36%) closed at 3132, trading range between 3090 – 3153. Crude oil for September delivery on the New York Mercantile Exchange settled at $48.75 a barrel.

After three consecutive days of gains, Oil prices fell on Thursday as the U.S. inven

27/07/2017 10:28:06 AM | Posted in Commodities Reports read full news
Gold prices uptrend pressure will exist at $1275-1283 - Enrich Commodities

GOLD

Gold on Wednesday 26th July 2017, Gold prices down by (-94) pts closed at 28384 trading range between 28304 - 28403 and August Comex Gold futures settled at $1249.40 division of the New York Mercantile Exchange.

Followed by the indication from the FED, that future interest rate hikes depend on key economic data from inflation and wage gr

Nickel - Bullish Outlook - Sharekhan

Adjacent chart shows price movement of MCX Nickel continuous contract. It re-tested the breakout point and has seen a sharp up move then-after. Also, it is forming higher top higher bottom on the daily chart indicating uptrend in the short term. The swing low of 607.60 will now will act as a strong support on the way down. Dips towards 627 – 619 shall be seen as buying opportunity as

Copper prices skyrocketed about a five month high - IIFL

Gold

Gold prices are expected to trade on a cautions note, as market participants look forward to US FOMC meeting. However, we sense that July meeting will be a non-event given the low prospects of any change in language and low probability of a rate move unity December this year.

 

Copper

26/07/2017 1:31:05 PM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1093.7-1149.3 - Kedia Commodity

Gold

Gold on MCX settled down -0.13% at 28478 dropped but overall market was held steady as investors waited for a statement from the Federal Reserve later in the day for clues on the outlook for U.S. monetary policy. Tonight Federal Reserve to keep rates unchanged while treasury yields ticked higher, lowering demand for non-interest bearing gold, sug

26/07/2017 11:07:07 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices declined by 0.5 percent to close at $1248.6 per ounce as equities gained and the markets awaited clues about monetary policy from the U.S. Federal Reserve, which began its two-day meeting.

The market is not expecting an interest rate increase following the Fe

26/07/2017 10:40:12 AM | Posted in Commodities Reports read full news
WTI Crude Oil prices reacted to Broadening top pattern - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 25th July 2017, Crude Oil August futures prices Up by (93) pts (3.10%) closed at 3090, trading range between 3001 – 3098. Crude oil for September delivery on the New York Mercantile Exchange settled at $47.89 a barrel.

On Wednesday, Crude oil was seen to bring in gains to Asia with the news on global produ

26/07/2017 10:25:59 AM | Posted in Commodities Reports read full news
Evening Update For 25th July 2017 - Angel Commodities

News and Analysis

* Gold prices fall further ahead of FOMC meeting.

* LME Copper stocks fell by 0.3 percent on Monday.

* Oil prices recover from one week low levels.

European markets are trading higher today ahead of FOMC Statement due tomorrow. Asian markets are trading mixed and the US stock futures are trading in the r

25/07/2017 5:49:09 PM | Posted in Commodities Reports read full news
Buy Mentha oil AUG @ 990 SL Below 956 TGT 1050 - Kedia Commodity

Mentha oil

Mentha oil on Friday settled down by -0.44% at 975.7 tracking subdued demand at the spot market. Further, higher supplies from major producing regions of Chandausi in Uttar Pradesh too weighed on mentha oil. Stock positions of mentha in MCX accredited warehouses were around 7879 drums which is same in comparison to previous day while in proc

25/07/2017 11:23:24 AM | Posted in Commodities Reports read full news