Evening Update For 24th April 2017 - Angel Commodities

News and Analysis


* Centrist Emmanuel Macron leads the first round of French elections.

*German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks plunged by 1.3 percent on Friday.

 

European markets are trading higher as risk appetite turned higher after victory of pro growth

24/04/2017 5:46:09 PM | Posted in Commodities Reports read full news
We expect NCDEX May contract to trade higher - Angel Commodities

Jeera

* Jeera May futures corrected for the second successive day on Friday on profit booking but closed higher for the week on lower production estimates by Gujarat Agriculture Department in its 3rd advance estimates for 2016/17 and good export demand .

* As per third advance estimates for 2016/17, production of Jeera in Gujarat revised dow

24/04/2017 5:39:31 PM | Posted in Commodities Reports read full news
We expect gold prices to trade higher - Angel Commodities

Gold

* Last week, Spot gold prices declined by 0.3 percent, to close at $1284/oz, while MCX gold prices closed flat at Rs.29418 per 10 gms.

* Moves were muted as markets awaited the outcome of the looming French presidential election. Two candidates, Marine Li Pen and Macron Emmanuel are in the lead now. Now the second round result will be on

24/04/2017 5:22:22 PM | Posted in Commodities Reports read full news
Copper futures ended higher on Monday after see-sawing for most of the session - Reliance Sec

Highlights :

* Shanghai copper futures ended higher on Monday after see-sawing for most of the session as investors cut bets that Chinese demand was getting stronger and global tensions were easing. The rest of the ShFE metals complex settled lower.

* LME aluminium ended firm despite news that output in top producer China rose to 2.707 milli

24/04/2017 5:00:47 PM | Posted in Commodities Reports read full news
International Natural gas prices are trading marginally higher - Reliance Sec

Highlights :

 Oil prices tumbled more than 2% on Friday, notching the biggest weekly decline in more than a month on mounting evidence that U.S. production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut.

Brent futures July settled at $52.44 a barrel, down $1.02, or 1.91% at the market's close. U.S. crude fut

24/04/2017 3:25:33 PM | Posted in Commodities Reports read full news
Indian gold prices could open down, tracking weak overseas prices - Reliance Sec

Highlights :  

Gold prices rose slightly on Friday as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States.

Spot gold ended up 0.21% at $1,284.0 an ounce on Friday and on track to close the week little changed after five straight w

24/04/2017 3:00:27 PM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Soybean

Soybean May futures closed higher last week as supplies are diminishing but the demand for crushing is intact due to encouraging soy meal exports. As per Agmarknet, arrivals of soybean during Apr 1-20 is 1,75,634 tonnes while during in Mar it was about 2,09,993 tonnes during same time frame. As per latest SEA data, Soymeal exports from the coun

24/04/2017 12:52:37 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices declined by 0.3 percent, to close at $1284/oz, while MCX gold prices closed flat at Rs.29418 per 10 gms. Moves were muted as markets awaited the outcome of the looming French presidential election. Two candidates, Marine Li Pen and Macron Emmanuel are in the lead now.

24/04/2017 12:45:27 PM | Posted in Commodities Reports read full news
Gold trading range for the day is 29139-29587 - Kedia Commodity

Gold

Gold on MCX settled up 0.42% at 29418 as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States. There was potential for safe-haven buying of gold after France said security forces were fully mobilized for the weekend vote after an Islamist mi

24/04/2017 12:39:03 PM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade positive - Sushil Finance

Gold

Gold prices rose slightly on Friday as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States.

There was potential for safe-haven buying of gold after France said security forces were fully mobilized for the weekend vote after an Is

24/04/2017 12:23:02 PM | Posted in Commodities Reports read full news
Sell Crude Oil Rise on 3250-3260 Target 3220-3200 Stop loss at 3277 - Enrich Commodities

Crude Oil

Crude Oil on Friday April 2017, Crude Oil May month futures prices down by 93 pts (-2.82%) closed at 3208, Crude Prices May month contract trading range between 3195-3304 On the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $49.61 a barrel.

Crude oil futures are expected to open steady ea

24/04/2017 11:21:54 AM | Posted in Commodities Reports read full news
Evening Update For 21st April 2017 - Angel Commodities

News and Analysis

* French Presidential elections’ voting starts on Sunday.

* UK Retail Sales plunged by 1.8 percent in Mar’17.

European markets are trading mixed ahead of the French presidential elections this weekend. Asian markets are trading higher and the US stocks futures are trading in the green. Gold prices are

21/04/2017 5:10:28 PM | Posted in Commodities Reports read full news
Natural gas prices are trading flat on Friday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.  

The benchmark U.S. crude contract, West Texas Intermediate fu

21/04/2017 4:59:52 PM | Posted in Commodities Reports read full news
Base metals on MCX were trading firm on Friday - Reliance Sec

FUNDAMENTALS

Copper, Zinc and other base metal prices gained on Thursday as investors, speculators and consumers resumed buying after recent losses, expecting increased seasonal demand.  

Prices largely stabilised on Wednesday, investors gained confidence to return to the market since the 2nd quater is regarded as the peak period for phy

21/04/2017 4:39:23 PM | Posted in Commodities Reports read full news
Indian gold prices could open steady, tracking steady overseas prices - Reliance Sec

FUNDAMENTALS

Gold steadied on Thursday after its biggest one day drop in more than six weeks, with a retreat in the dollar arresting the slide, though moves were muted as markets await the outcome of the looming French presidential election.  

The U.S. Dollar Index remained weak against a basket of major currencies as the latest data on

21/04/2017 4:24:17 PM | Posted in Commodities Reports read full news
Sell Crude Oil Rise on 3300-3315 Target 3270-3250 Stop loss at 3335 - Enrich Commodities

CRUDEOIL

Crude Oil on Thursday April 2017, Crude Oil May futures prices by 37 pts (-1.11%) closed at 3288, Crude Prices May month contract trading range between 3331-3283 On the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $50.71 a barrel.

Thomson Reuters Eikon data shows that a re

21/04/2017 2:32:06 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 40785-42335 - Kedia Commodity

Gold

Gold held steady with tensions surrounding upcoming French elections on Sunday underpinning the safe-haven demand. New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17-year low suggested the labour market continues to tighten. 

Dall

21/04/2017 11:22:35 AM | Posted in Commodities Reports read full news
Buy Natural gas @ 202 Target 207 - Sushil Finance

Gold

Gold steadied on Thursday after its biggest one-day drop in more than six weeks, with a retreat in the dollar arresting the slide, though moves were muted as markets await the outcome of the looming French presidential election.

Polls ahead of the French vote, which begins this weekend, give both far-right and far-left candidates a chanc

21/04/2017 11:10:11 AM | Posted in Commodities Reports read full news
We expect Soybean prices to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures closed higher on Thursday as supplies are diminishing but the demand for crushing is intact due to encouraging soy meal exports. As per Agmarknet, arrivals of soybean during Apr 1-20 is 1,75,634 tonnes while during in Mar it was about 2,09,993 tonnes during same t

21/04/2017 10:41:13 AM | Posted in Commodities Reports read full news