We expect oil prices to move lower towards Rs.3300 mark - Angel Commodities

Commodities

Gold

Spot gold prices declined 2 percent last week to close at $1319.2 per ounce while MCX, gold prices declined 1.5 percent to close at Rs.29989 per 10 gms. North Korea's latest missile launch over Japan triggered safe-haven buying, but gains were limited as strong U.S. inflation data raised

19/09/2017 5:43:33 PM | Posted in Commodities Reports read full news
Buy Natural Gas (Oct) @ 205.50 & Upto 201 SL 189 TGT 230 - Choice Broking

In the daily chart of MCX Natural Gas has formed Inverse Head & Shoulder pattern and prices have sustained above the neckline of the said pattern, which indicate bullish movement.

Moreover, NYMEX Natural Gas has also formed the same Inverse H&S patterns in daily chart, which suggest the reversal of a current down trend.

In addition, price moved above 200 days EMA on

19/09/2017 4:49:00 PM | Posted in Commodities Reports read full news
Base Metals remained on the defensive - IIFL

Commodities

Gold Prices retreated further, with values getting close to the low of US$1,300/oz. Central bank's policy normalisation narrative seems to be troubling thegold hugs, while geopolitical tensions have taken a backseat for a while. This week, market focus will be accentuated on Fed policy meeting where no rate move is expected, though poss

19/09/2017 2:08:08 PM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 131.6-134 - Kedia Commodity

Gold

Gold on MCX settled down -1.03% at 29547 fell that was the lowest finish since Aug. 25, notching their fifth loss in six sessions to settle at the lowest level in just over three weeks as the global market’s risk appetite remained robust. Gold fell as the dollar strengthened and US Treasury yields rose ahead of a two-day Federal Reserve mee

19/09/2017 11:22:01 AM | Posted in Commodities Reports read full news
NCDEX Turmeric prices have been trading above its 50 days - Choice Broking

ALUMINUM

News and Developments

Aluminium ended 2016 with 12% gains. In 2017, aluminium consumption is likely to outpace supply and as a result the the global market balance is expected to remain tight in the year. Chinese construction sector demand has reportedly increased, with aluminium gaining market share

19/09/2017 10:58:37 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices declined by 1 percent on Monday to close at $1306.6 per ounce as prices touched a 2-1/2-week low, the dollar strengthened and U.S. Treasury yields rose ahead of a two-day Federal Reserve meeting, while a world stock market index surged to a record and Wall Street also h

19/09/2017 10:51:15 AM | Posted in Commodities Reports read full news
Sell Silver Dec 2017 @ 40000 SL 40250 TGT 39720-39550 - Kedia Commodity

GOLD

Gold on MCX settled down -1.03% at 29547 fell that was the lowest finish since Aug. 25, notching their fifth loss in six sessions to settle at the lowest level in just over three weeks as the global market’s risk appetite remained robust. Gold fell as the dollar strengthened and US Treasury yields rose ahead of a two-day Federal Reserve meet

19/09/2017 9:56:24 AM | Posted in Commodities Reports read full news
The crude oil market trend gives us the impression that the lower highs - Enrich Commodities

CRUDE OIL

Crude Oil on 18th September 2017, Crude Oil October futures prices up by (10) pts (0.31%) closed at 3248, trading range between 3201 – 3268. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 50.35 a barrel.

Oil prices edged higher on Monday, following the recovery carried out after Hurricanes Har

19/09/2017 9:45:25 AM | Posted in Commodities Reports read full news
It is Gold expected to move to $1300-1289 - Enrich Commodities

GOLD

Gold on 18th September 2017, Gold prices down by (- 309) pts closed at 29547 trading range between 29538 - 29820 and December Comex Gold futures settled at $1310.80 division of the New York Mercantile Exchange.

Gold prices dipped lower on Monday, following the containment of tensions on the Korean Peninsula. On the other hand, dollar mov

19/09/2017 9:41:26 AM | Posted in Commodities Reports read full news
Cardamom futures is heading for its highest weekly gain - Angel Commodities

Below is the View On Weekly Agri-Commodities by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):

“During the current week, Cardamom, Crude Palm oil, Jeera and Chana trade on positive note while guar complex, cotton and coriander trade lower.    

Cardamom futures is heading fo

18/09/2017 5:34:44 PM | Posted in Commodities Reports read full news
Brent oil futures are near five-month high - IIFL

Commodities

Gold prices are at two week low, as markets are getting turned to the policy normalisation narrative on both sides of the atlantic. In US, recent rise in inflation number has reinforced expectation of a rate hike in December, with 10yr soverign bond yields rising back to 2.2%, while interest rate futures indicating a probablity of more than

18/09/2017 2:07:18 PM | Posted in Commodities Reports read full news
Gold prices resume northward journey amid evolving geopolitical developments - IIFL

COMMODITY

  Post retreating from one year high, Gold prices resume northward journey amid evolving geopolitical developments. North Korea launches yet another missile over Japan. With an adamant Pyongyang snubbing UN sanctions, it seems the brinkmanshil will prevail.  

Base metals witness selling, copper bears the brunt of hefty LME

18/09/2017 12:14:47 PM | Posted in Commodities Reports read full news
Nickel trading range for the day is 682.2-732.2 - Kedia Commodity

Gold

Gold on MCX settled down -0.51% at 29856 after a European Central Bank (ECB) official called for scaling back the bank's stimulus program, although losses were capped when weaker-than-expected U.S. economic data raised questions about further interest rate hikes. ECB board member Sabine Lautenschlaeger made the most explicit call so far from

18/09/2017 11:56:20 AM | Posted in Commodities Reports read full news
Gold prices will trade lower today - Angel Commodities

Bullion

Gold

Spot gold prices declined 2 percent last week to close at $1319.2 per ounce while MCX, gold prices declined 1.5 percent to close at Rs.29989 per 10 gms.

North Korea's latest missile launch over Japan triggered safe-haven buying, but gains were limited as strong U.S. inflation data ra

18/09/2017 11:26:22 AM | Posted in Commodities Reports read full news
CPO futures may trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Oct futures closed slightly higher last week on bargain buying by the market participants as new season soybean has started to arrive in the physical market. As per Agmarknet data, soybean arrivals during the first 15 days is pegged at 1.58 lakh tonnes compared to 1.24 l

18/09/2017 11:14:04 AM | Posted in Commodities Reports read full news
Sell Gold Oct 2017 @ 29900 SL 30050 TGT 29780 - Kedia Commodity

GOLD

Gold on MCX settled down -0.51% at 29856 after a European Central Bank (ECB) official called for scaling back the bank's stimulus program, although losses were capped when weaker-than-expected U.S. economic data raised questions about further interest rate hikes. ECB board member Sabine Lautenschlaeger made the most explicit call so far from a

18/09/2017 11:08:11 AM | Posted in Commodities Reports read full news
The Crude oil expected short-term target has been reached at $ 50.50 - Enrich Commodities

CRUDE OIL

Crude Oil on 15th September 2017, Crude Oil September futures prices down by (-24) pts (-0.75%) closed at 3191, trading range between 3167 – 3214. Crude oil for November delivery on the New York Mercantile Exchange settled at $ 50.44 a barrel.

Oil prices rose higher on Friday, marking their biggest weekly gain since July, desp

18/09/2017 10:15:06 AM | Posted in Commodities Reports read full news
Gold prices rebounded but were unable to hold above the support line - Enrich Commodities

GOLD

Gold on 15th September 2017, Gold prices down by (-154) pts closed at 29856 trading range between 29825 - 30040 and December Comex Gold futures settled at $1325.20 division of the New York Mercantile Exchange.

Gold prices dipped lower on Friday as investors disregarded the geopolitical uncertainty that followed after North Korea launched

18/09/2017 9:47:29 AM | Posted in Commodities Reports read full news
Zinc trading range for the day is 188.9-196.7 - Kedia Commodity

Gold

Gold on MCX settled up 0.41% at 30010 as North Korea threatened the United States and Japan, and the dollar softened despite strong U.S. consumer inflation data, which could allow further interest rate increases from the Federal Reserve. A North Korean state agency threatened to use nuclear weapons to "sink" Japan and reduce the United

15/09/2017 11:54:15 AM | Posted in Commodities Reports read full news