Crude oil prices closed nearby resistance place at $46.54(3000) - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 14th July 2017, Crude Oil July futures prices Up by (26) pts (0.88%) closed at 2990, trading range between 2953 – 3010. Crude oil for August delivery on the New York Mercantile Exchange settled at $46.54 a barrel.

Probing for crude oil and acuity of robust demand, oil prices flattened on Monday sustained by

17/07/2017 10:47:48 AM | Posted in Commodities Reports read full news
Gold prices broke out resistance slope line to which the prices reacted - Enrich Commodities

GOLD

Gold on Friday 14th July 2017, Gold prices up by (159) pts closed at 27996 trading range between 27771 - 28073 and August Comex Gold futures settled at $1227.50 division of the New York Mercantile Exchange.

On Monday, Gold augmented in Asia being at the forefront of China second quarter GDP and industrial productivity and retail sales fi

17/07/2017 10:42:03 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

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 gr

17/07/2017 10:37:16 AM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 122.3-124.3 - Kedia Commodity

Gold

Gold on MCX settled up 0.57% at 27996 after data pointed to weak U.S. inflation, reaffirming doubts that the U.S. central bank would again hike interest rates this year. U.S. consumer prices were unchanged in June and retail sales fell for a second straight month. Bond yields dipped and the dollar index slid to their lowest level since September

17/07/2017 10:05:26 AM | Posted in Commodities Reports read full news
Evening Update For 14th July 2017 - Angel Commodities

News and Analysis

* US CPI the key data to watch for.

* Oil markets still bothered by high inventories

* Dollar index weakens to 95.87 mark

Gold prices are trading higher by 0.2 percent at $1219 per ounce while MCX gold prices are trading higher by 0.21 percent at Rs.27831 per 10 gms Prices remain steady ahead of the key

14/07/2017 5:28:28 PM | Posted in Commodities Reports read full news
Zinc trading range for the day is 177.8-184.6 - Kedia Commodity

Gold

Gold on MCX settled flat at 27845 for a second session amid little response to ongoing testimony from Federal Reserve Chair Janet Yellen. There has been further mixed currency trading with only limited impact on gold, but a renewed increase in bond yields has put some downward pressure on prices. The dollar remained on the defensive against the y

14/07/2017 12:14:35 PM | Posted in Commodities Reports read full news
Aluminium witnessed extreme volatility - IIFL

Commodities

Gold is trading on an undeventful note, after recovering from the four month low. After US Fed chief janet Yellen’s testimony to Congress,markets failed to derive much from her speech to the Senate, where her views were largely mirrored. Nevertheless, she stated that it will be quite difficult for Trump administration to attain 3%GDP

14/07/2017 11:51:44 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures slipped by about 2% on Thursday as market participants have initiated fresh selling on hope that monsoon rains will cover soybean areas this weekends. The market arrivals have been diminishing and there is also good demand. According to SOPA press releas

14/07/2017 11:09:23 AM | Posted in Commodities Reports read full news
Crude Oil markets dipped on Friday, pulled down by high - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 13th July 2017, Crude Oil July futures prices Up by (15) pts (0.51%) closed at 2964, trading range between 2903 – 2985. Crude oil for August delivery on the New York Mercantile Exchange settled at $46.08 a barrel.

Oil markets dipped on Friday, pulled down by high fuel inventories and improving industry ef

14/07/2017 10:39:27 AM | Posted in Commodities Reports read full news
Gold prices are expected to move to $1225(27950) - Enrich Commodities

GOLD

Gold on Thursday 13th July 2017, Gold prices up by (15) pts closed at 2864 trading range between 2903 - 2964 and August Comex Gold futures settled at $1217.30 division of the New York Mercantile Exchange.

Gold prices were unchanged on Thursday, as investors continued to cheer comments from Federal Reserve chair Janet Yellen suggesting th

14/07/2017 10:32:35 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined marginally by 0.21 percent to close at $1217 per ounce on stronger dollar and higher equities and upbeat economic data. 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 f

14/07/2017 10:10:25 AM | Posted in Commodities Reports read full news
Evening Update For 13th July 2017 - Angel Commodities

News and Analysis

* Janet Yellen signals gradual rate hikes in her testimony.

* US crude oil stocks plunged by 7.6 million bbl.

* LME Copper stocks fell by 0.1 percent on Wednesday.

European markets are trading higher today as Janet Yellen fuelled expectations of gradual arte hikes in her testimony. Asian markets ended hi

13/07/2017 5:15:39 PM | Posted in Commodities Reports read full news
Crude oil futures moved higher - IIFL

Commodities

Gold  prices have scaled higher ,as markets seem to have interpreted Fed Chief Janet Yellen’s remarks as relatively dovish in her testimony to US Congress .She stated that the central bank will normalise the policy in such manner that it neither stimulates nor supress economic activity ,implying that interest rates may not rise m

13/07/2017 1:10:14 PM | Posted in Commodities Reports read full news
Copper trading range for the day is 380.8-387 - Kedia Commodity

Gold

Gold on MCX settled flat up at 27842 in yesterday’s session as somewhat positive economic data solidified expectations for another interest rate hike before year's end. The sell-off in the precious metals prices also seems to have run their course, with underlying tails on recent days’ candlesticks suggesting dip buying interest.

13/07/2017 11:35:52 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade positive - Sushil Finance

Gold

Gold prices rose on Wednesday, edging further from this week's near four-month low after comments from Federal Reserve Chair Janet Yellen curbed speculation that U.S. interest rates would rise more than once this year.

In congressional testimony, Yellen said that given current estimates the Fed would not need to lift rates all that

13/07/2017 11:12:03 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed higher on Wednesday on bargain buying by the market participants after plunge more than 2.20% on Tuesday. The market arrivals have been diminishing and there is also good demand. According to SOPA press release, India's exports of soymeal rose

13/07/2017 10:46:18 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, gold prices rose marginally by 0.18 percent to close at $1219.5 per ounce edging further from this week's near four-month low after comments from Federal Reserve Chair Janet Yellen curbed speculation that U.S. interest rates would rise more than once this year.

In con

13/07/2017 10:18:58 AM | Posted in Commodities Reports read full news
Crude oil prices reacted and the previous resistance became support at $44.90 - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 12th July 2017, Crude Oil July futures prices Up by (37) pts (1.27%) closed at 2949, trading range between 2910 – 3000. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.49 a barrel.

Oil prices dipped early on Thursday as producer club OPEC said it expected demand for its c

13/07/2017 10:07:44 AM | Posted in Commodities Reports read full news
Gold prices are expected to move to $1225 - Enrich Commodities

GOLD

Gold on Wednesday 13th July 2017, Gold prices up by (17) pts closed at 27851 trading range between 27802 - 27977 and August Comex Gold futures settled at $1219.10 division of the New York Mercantile Exchange.

Gold rose on Wednesday, after Federal Reserve chair Janet Yellen’s testimony to congress revealed that the central bank beli

13/07/2017 10:03:06 AM | Posted in Commodities Reports read full news
Evening Update For 12th July 2017 - Angel Commodities

News and Analysis

* Janet Yellen’s testimony to be closely watched tonight.

* US crude oil stocks expected to fall by 3.2 million bbl.

* LME Copper stocks fell by 0.4 percent on Tuesday.

European markets are trading higher today as recovery in crude oil prices supported risk appetite. Asian markets ended lower and t

12/07/2017 5:48:46 PM | Posted in Commodities Reports read full news