We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose marginally by 0.2 percent to close at $1281.4 per ounce 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.

21/04/2017 10:15:22 AM | Posted in Commodities Reports read full news
Evening Update For 20th April 2017 - Angel Commodities

News and Analysis

* Geo political tensions remain the reason for global woes.

* LME Copper stocks gained 0.4 percent on Wednesday.

European markets are trading higher owing to favorable earnings results. Asian markets are trading higher and the US stocks futures are trading in the red. Gold prices are trading lower today by 0.13 per

20/04/2017 5:22:16 PM | Posted in Commodities Reports read full news
Nickel and Aluminium prices were trading lower on Thursday - Reliance Sec

FUNDAMENTALS

Copper fell for a second day on Wednesday after a surge of fund selling just before the close reversed gains and drove the metal to a 14-week low.  

Chinese refined copper  output in march rose 8.5% from a year ago to 764,000 MT, the highest since at least December 2015, official data showed.

Meanwhile, March

20/04/2017 5:03:16 PM | Posted in Commodities Reports read full news
Natural Gas April contract rose by 22.08% on Wednesday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil fell to a two-week low on Wednesday, after a surprising build in U.S. gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.

U.S. crude June futures settled down $2.00 to  $50.85 a barrel, a 3.78% drop. Brent June

20/04/2017 4:49:58 PM | Posted in Commodities Reports read full news
The Gold June contract open interest fell by 7.74% - Reliance Sec

Gold fell on Wednesday as the Dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.

Spot gold ended at $1,278.9 per ounce down 0.83% at $1,283.40.by 0.8%. U.S. gold June futures settled down Spot silver dropped 0.95% to end at $18.08 per ounce.

T

20/04/2017 4:19:45 PM | Posted in Commodities Reports read full news
Sell Gold below 29200 Target 29100-29000 Stop loss at 29350 - Enrich Commodities

Gold

Gold, June month contract prices down by 209 points & closed at 29305 trading range between 28414-29201 and Comex Gold futures closed at $1283.40 division of the New York Mercantile Exchange.

Remained supported ahead of French polls at the weekend and as Britain gets set to head to the polls this summer highlights political risk.

20/04/2017 2:36:24 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 3300-3305 Target 3320- 3350 stop loss at 3290 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday April 2017, Crude Oil April futures prices by 111 pts (-3.27%) closed at 3288, and yesterday April month contract had expired. Crude Prices May month contract trading range between 3439-3316 and finally closed 3338. On the New York, Mercantile Exchange, Crude oil for May delivery on the New York Mercantile Exchange to s

20/04/2017 2:29:49 PM | Posted in Commodities Reports read full news
Jeera trading range for the day is 19055-19975 - Kedia Commodity

Gold

Gold on MCX settled down -0.71% at 29305 came under pressure from a strong U.S. dollar and rising bond yields. While overall sentiments remain firm as support seen as tensions surrounding North Korea and the upcoming French presidential election offered support to the safe-haven asset amid a firmer dollar.

A run of disappointing U.S. ec

20/04/2017 11:16:44 AM | Posted in Commodities Reports read full news
We expect cotton futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures closed higher on Wednesday 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 1-15 are 120,423 while during in Mar it was about 1,64,286 tonnes during same time fra

20/04/2017 11:02:57 AM | Posted in Commodities Reports read full news
We expect gold prices to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined by 0.8 percent to close at $1278.9 per ounce as the dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.

A run of disappointing U.S. economic data and doubts t

20/04/2017 10:52:18 AM | Posted in Commodities Reports read full news
Buy Natural gas @ 205 Target 213 - Sushil Finance

Gold

Gold fell 1 percent on Wednesday as the dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.

A stronger greenback makes dollar-denominated assets such as gold more expensive for holders of other currencies.

A run of disappointing U.S. economi

20/04/2017 10:22:48 AM | Posted in Commodities Reports read full news
Copper, Lead and Zinc hit 3-month lows on Tuesday - Reliance Sec

OUTLOOK

In the base metal futures market, the most traded Copper April contract on the MCX is trading at Rs.363.20/Kg on Wednesday morning of 11:31 AM. OI of Copper April contract rose by 13.27% on Tuesday.

London copper held close to its weakest since January on Wednesday, on concerns China's&

19/04/2017 5:20:22 PM | Posted in Commodities Reports read full news
Natural gas prices ended lower on Tuesday - Reliance Sec

CRUDE OIL

oil rices fell on tuesday then slid more in post settlement trade after an industry group reported that U.S. crude stockiles fell less than expected in the latest week while gasoline stockpiles grew unseasonably

The American Petroleum Institute released its weekly data which indicated that crude stockpiles declined less than analyst

19/04/2017 2:25:07 PM | Posted in Commodities Reports read full news
The Gold June contract open interest rose by 1.35% - Reliance Sec

OUTLOOK

In the bullion futures market, the most traded Gold June contract on the MCX ended at Rs.29514/10gms. May Silver ended at Rs.42187/Kg on Monday. 

The Gold June contract open interest rose by 1.35% from the previous day.  Volumes of Gold June contract also rose by 30.44% from

19/04/2017 11:21:10 AM | Posted in Commodities Reports read full news
Buy Crude Oil above 3415 Target 3430-3460 Stop loss at 3390 - Enrich Commodities

CRUDEOIL

Crude Oil on Tuesday April 2017, Crude Oil April futures prices closed flat by 0 pts (-0.00%) closed at 3399, trading range between 3370-3413. On the New York, Mercantile Exchange, Crude oil for May delivery on the New York Mercantile Exchange to settle at $52.41 a barrel.

U.S. crude stocks fell a less-than-expected 840,000 barrels a

19/04/2017 11:07:18 AM | Posted in Commodities Reports read full news
Buy Natural Gas @ 202 Target 207 - Sushil Finance

Gold

Gold turned higher on Tuesday, nearing the prior session's five-month peak, bolstered by a softer dollar, lower U.S. Treasury yields, North Korea tensions and nervousness ahead of the French presidential election.

May's call added to a lengthening list of uncertainties for investors already on edge over geopolitical tensions that

19/04/2017 10:59:08 AM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3348-3438 - Kedia

Gold

Gold on MCX settled up 0.29% at 29514 supported by a weaker dollar, geopolitical concerns about North Korea and nervousness ahead of the French presidential election. The dollar index was hovering near a three-week low on disappointing U.S. housing starts data and nervousness over trade talks between the United States and Japan. The International

19/04/2017 10:29:37 AM | Posted in Commodities Reports read full news
Evening Update For 18th April 2017 - Angel Commodities

News and Analysis

* Theresa May will seek an early election on June 8.

* US, UK markets resume after Easter Holiday.

* LME Copper stocks stand at 255,425 tonnes.

European markets are trading lower as major global markets returned amidst uncertain geopolitical events after Easter holiday. Asian markets are trading mixed an

18/04/2017 5:17:46 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices declined marginally by 0.07 percent to close at $1284.3 per ounce losing steam as U.S. Treasury yields turned higher and the dollar came off its lows, after rising geopolitical tensions over North Korea spurred earlier safe-haven buying in bullion.

North Korea

18/04/2017 12:39:19 PM | Posted in Commodities Reports read full news
Base metals on MCX were trading mixed on Tuesday morning - Reliance Sec

OUTLOOK

In the base metal futures market, the most traded Copper April contract on the MCX is trading at Rs.368.95/Kg on tuesday morning of 11:03 AM. OI of Copper April contract fell by 10.43 on Monday 

London base metals will reopen in the next hour so and could open firm, tracking gains in the Shanghai metal markets

Base meta

18/04/2017 12:26:30 PM | Posted in Commodities Reports read full news