Evening Update For 20th July 2017 - Angel Commodities

News and Analysis

* Global markets positive ahead of ECB Press conference.

* LME Copper stocks fell by 0.4 percent on Wednesday.

* UK Retail Sales gained 0.6 percent in June’17.

European markets are trading higher ahead of ECB Press conference. Asian markets are trading higher and the US stock futures are trading in

20/07/2017 5:25:04 PM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 633-645 - Kedia Commodity

Gold

Gold on MCX settled at 28250 prices consolidated in yesterday’s session settled unchanged holding recent gains in quiet dealing as the dollar edged higher, following the stronger than expected housing starts report. The recent string of data, until Wednesday, showed the U.S. economy was moderating, helping the dollar ease and paving the way

20/07/2017 11:34:17 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices fell marginally to close at $1240.4 per ounce as dollar recovered from ten month lows touched in the aftermath of failure of US HealthCare bill and softening stance of the Federal Reserve.

Also, SPDR gold holdings fell 5.6 tonnes to five month low of 821.

20/07/2017 11:07:28 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways to down - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures fell on Wednesday due to profit booking by the market participants on good rains in MP and Rajasthan. Prices have been trading sideways this week on lower acreage and steady demand. As per government data, area under soybean crop across the country for th

20/07/2017 10:54:06 AM | Posted in Commodities Reports read full news
WTI Crude oil prices reached fresh highs at $47.35 - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 19th July 2017, Crude Oil July futures prices Up by (56) pts (1.87%) closed at 3054, trading range between 2991 – 3063. Crude oil for August delivery on the New York Mercantile Exchange settled at $47.32 a barrel.

On Thursday, Oil prices gripped stable subsequent to the concrete gains yesterday as the de

20/07/2017 10:30:06 AM | Posted in Commodities Reports read full news
Gold prices down by (-3) pts closed at 28250 trading range between 28092 - 28121 - Enrich Commodities

GOLD

Gold on Wednesday 19th July 2017, Gold prices down by (-3) pts closed at 28250 trading range between 28092 - 28121 and August Comex Gold futures settled at $1242 division of the New York Mercantile Exchange.

On Wednesday, Gold prices could be seen unchanged as the dollar turned optimistic dropping investor interest in the metal.

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20/07/2017 10:21:42 AM | Posted in Commodities Reports read full news
Evening Update For 19th July 2017 - Angel Commodities

News and Analysis

* Chinese economic data supports base metals.

* LME Copper stocks surged by 0.6 percent on Tuesday.

* BoJ, ECB monetary policy due this week.

European markets are trading higher ahead of ECB Press conference. Asian markets are trading higher and the US stock futures are trading in the red. Gold prices ar

19/07/2017 5:11:31 PM | Posted in Commodities Reports read full news
Crude oil prices reached fresh highs at $46.90 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 19th July 2017, Crude Oil July futures prices Up by (5) pts (0.17%) closed at 2998, trading range between 2974 – 3042. Crude oil for August delivery on the New York Mercantile Exchange settled at $46.40 a barrel.

A rise in U.S. crude inventories and advancing high supplies from OPEC invigorated concerns of

19/07/2017 11:10:39 AM | Posted in Commodities Reports read full news
Gold prices retraced to reach the previous support - Enrich Commodities

GOLD

Gold on Tuesday 18th July 2017, Gold prices up by (133) pts closed at 28253 trading range between 28125 - 28285 and August Comex Gold futures settled at $1241.90 division of the New York Mercantile Exchange.

Investors’ doubts rose about the delay in tax reform directly after the prostration of a health care bill intended to replace

19/07/2017 11:03:59 AM | Posted in Commodities Reports read full news
Soyabean trading range for the day is 2948-3070 - Kedia Commodity

Gold

Gold on MCX settled up 0.47% at 28253 finished higher with a sharply weaker US dollar sending prices up for a third session in a row to their highest level of the month so far. Price gained as growing doubts over the US President Donald Trump's ability to push through pro-growth reforms, after the Senate Republicans rejected Trump’s Hea

19/07/2017 10:51:48 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed with 1.24% gains on Tuesday on some short covering. Moreover, due to lower acreage, irregular rains in soybean growing areas and lower arrivals in the physical market also support prices. As per government data, area under soybean crop across the co

19/07/2017 10:24:19 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.65 percent to close at $1242 per ounce as prices hit a more than two-week high supported by expectations of stronger demand from the physical market and as the dollar fell on fading prospects of an imminent increase in U.S. interest rates.

Data fr

19/07/2017 10:06:43 AM | Posted in Commodities Reports read full news
Evening Update For 18th July 2017 - Angel Commodities

News and Analysis

* US healthcare bill rejected by two more senators.

* LME Copper stocks declined by 0.6 percent on Monday.

* BoJ, ECB monetary policy due this week.

European markets are trading lower as US healthcare bill witnessed another hiccup after rejection by two more Republican senators. Asian markets are trading

18/07/2017 5:07:58 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.43 percent to close at $1233.9 per ounce fter the dollar slumped to multi-month lows on the back of data that pointed to weak U.S. inflation and dampened prospects for rate hikes.

Recent soft U.S. inflation and domestic demand figures undermined ar

18/07/2017 10:53:00 AM | Posted in Commodities Reports read full news
Crude oil prices consolidated and closed lower at $46.02 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 17th July 2017, Crude Oil July futures prices down by (-22) pts (0.74%) closed at 2968, trading range between 2964 – 3020. Crude oil for August delivery on the New York Mercantile Exchange settled at $46.02 a barrel.

Since Libyan productivity closes to 1 million barrels per day, Crude traded with uncertaint

18/07/2017 10:33:39 AM | Posted in Commodities Reports read full news
Gold prices broke out resistance slope line at $1220 - Enrich Commodities

GOLD

Gold on Monday 17th July 2017, Gold prices up by 124 pts closed at 28120 trading range between 28025 - 28143 and August Comex Gold futures settled at $1233.70 division of the New York Mercantile Exchange.

After the failure of the recent economic data to display progress in the rate of inflation, Gold prices peaked on Monday as investors

18/07/2017 10:28:36 AM | Posted in Commodities Reports read full news
Menthaoil trading range for the day is 943.4-976.2 - Kedia Commodity

Gold

Gold on MCX settled up 0.44% at 28120 climbed amid somewhat disappointing economic data and questions about whether the Federal Reserve will raise interest rates again this year. Bullion prices on Friday marked the highest finish of the month and their first weekly rise since early June, as data on retail sales and inflation stoked concerns that

18/07/2017 10:16:00 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed lower on Monday on hope that monsoon rains in soybean areas in MP, Maharashtra and Rajasthan may boost crop. As per government data, area under soybean crop across the country for the 2017-18 kharif was 73.44 lakh hectares till last week, down abou

18/07/2017 10:00:23 AM | Posted in Commodities Reports read full news
Evening Update For 17th July 2017 - Angel Commodities

News and Analysis

* China’s second quarter GDP at 6.9%; beats expectations.

* LME Copper stocks plunged by 1.6 percent on Friday.

* BoJ, ECB monetary policy due this week.

European markets are trading higher after better than expected Chinese growth numbers. Asian markets are trading higher and the US stock futures

17/07/2017 5:21:05 PM | Posted in Commodities Reports read full news
We expect soybean for Aug delivery to trade higher - Angel Commodities

Gold

* Last week, spot gold prices rose by 1.3 percent to close at $1228.6 per ounce while on the MCX gold prices rose by 0.9 percent to close at Rs.28193 per 10 gms.

* The MSCI world index hit a record high for the fourth time in less than a month as investors took Yellen's remarks as a green light for risk-taking. The U.S. economy is h

17/07/2017 3:09:18 PM | Posted in Commodities Reports read full news