We expect prices to trade sideways - Alpha Commodity

Bullion

* Gold silver prices traded firm on weaker dollar and safe haven buying after North Korea conduced missile test. Gold ETF holdings declined to 851.89 remained mostly steady with lower prices.

* We expect gold silver prices to trade sideways to up while down side can be limited as market is trading near technical support levels while t

15/05/2017 4:18:36 PM | Posted in Commodities Reports read full news
Crude Oil Monthly Update - Kedia Commodity

Technically, the price is moved from November lows of 2840 levels in this week and stayed above the rest of the week. A break above 3138 will be key change in structure change and the market continues to look likely to have a slight upward bias to it. The markets continue to be difficult for the longer-term trader, as there are many issues conflicting at the same time, not only production cuts

15/05/2017 3:58:10 PM | Posted in Commodities Reports read full news
We expect MCX cotton to trade higher - Angel Commodities

Gold

* Last week, Spot gold prices rose marginally by 0.1 percent to close at $1228.3/oz, while MCX gold prices closed flat at Rs.28005 per 10 gms.

* New applications for U.S. jobless benefits unexpectedly fell last week, while producer prices rebounded strongly in April, pointing to a tightening labour market and rising inflation that could

15/05/2017 3:06:05 PM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 120.2-122 - Kedia Commodity

Gold

Gold prices traded in range as the sudden sacking of the FBI head in the United States stoked investor concerns and boosted demand for bullion, even as the dollar headed for its strongest week this year. But capping gains in gold are expectations that the U.S. Federal Reserve will increase interest rates in June. New applications for U.S. jobless

15/05/2017 11:55:57 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold rose on Friday and was set to end the week little changed as the sudden sacking of the head of the FBI in the United States stoked investor concerns and boosted demand for bullion, and the U.S. dollar and Treasury yields fell.

But capping gains in gold are expectations that the U.S. Federal Reserve will increase interest rates in J

15/05/2017 11:39:21 AM | Posted in Commodities Reports read full news
Buy Silver above 38350 Target 39000-39500 Stop loss at 38000 - Enrich Commodities

Technical view:

I have been looking the Four-hour chart charts in Silver Market which formed “Falling Wedge chart Pattern”. In this pattern, current downtrend reversal to up move expected because already broken out the falling wedge channel. As per the channel support at 37700 and up expected to reach 39000-39500 very soon.

And bo

15/05/2017 11:24:55 AM | Posted in Commodities Reports read full news
Buy Crude Oil Dips on 3090-3100 Target 3130-3150 Stop loss at 3065 - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 12th May 2017, Crude Oil March futures prices down by 23 pts (-0.74%) closed at 3066, trading range between 3045-3096 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $47.83 a barrel.

Crude oil futures rallied last week in reaction to several f

15/05/2017 10:53:35 AM | Posted in Commodities Reports read full news
Buy Gold Dips on 28000-28060 Target 28150-28250 Stop loss at 27900 - Enrich Commodities

GOLD

Gold on Thursday 11th May 2017, Gold prices Up by 1 pts closed at 28005 trading range between 27972-28129 and April Comex Gold futures closed at $1228.70 division of the New York Mercantile Exchange.

Gold bottomed for the week at 27932 on May 11 and inched higher the remainder of the week on concerns about a possible North Korea missile

15/05/2017 10:45:52 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

Last week, Spot gold prices rose marginally by 0.1 percent to close at $1228.3/oz, while MCX gold prices closed flat at Rs.28005 per 10 gms.

New applications for U.S. jobless benefits unexpectedly fell last week, while producer prices rebounded strongly in April, pointing to a tighteni

15/05/2017 10:28:38 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures fell more than 2.2% during last week tracking international market and sufficient supplies in the domestic market. As per USDA latest report, soybean production in the country is kept at the same level at 115 mt as last year while the crushing volume will be impro

15/05/2017 10:17:17 AM | Posted in Commodities Reports read full news
Evening Update For 12th May 2017 - Angel Commodities

News and Analysis

* Bank of England maintains interest rates at 0.25 percent.

* US PPI surged by 0.5 percent in April’17.

* LME Copper stocks plunged by 2.2 percent on Thursday.

European markets are trading higher boosted by strong corporate earnings results. Asian markets are trading mixed and the US stocks futures

12/05/2017 4:56:38 PM | Posted in Commodities Reports read full news
Crude oil futures traded higher - Alpha Commodity

Bullion

* Gold silver prices traded in the lower range witnessed sharp decline in evening session on stronger dollar with US economic growth optimism. Prices have witnessed slight recovery today from yesterday’s fall with weaker dollar. Gold ETF holdings declined to 851.89 remained mostly steady with lower prices.

* We expect gold silve

12/05/2017 3:19:09 PM | Posted in Commodities Reports read full news
Indian soybean prices started the session flat - Reliance Sec

FUNDAMENTALS

U.S. soybean futures hit a 1-1/2-week low on Thursday, pressured by follow-through weakness after Wednesday's poor technical close and some farmer selling Chicago Board of Trade July soybean futures settled down 4 cents at $9.66 1/4 per bushel after dipping to $9.63, the contract's lowest since May 1.<

12/05/2017 8:20:01 AM | Posted in Commodities Reports read full news
Indian gold and silver prices track overseas prices - Reliance Sec

FUNDAMENTALS

Gold and Silver ended firm on Thursday as U.S. and European stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation briefly lifted the Dollar and pulled U.S. bond yields from earlier lows.

Spot gold ended up by 0.47% at $1,224.4 an&nb

12/05/2017 8:08:57 AM | Posted in Commodities Reports read full news
We expect gold prices to trade negative - Sushil Finance

Gold

Gold rose on Thursday as U.S. and European stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation briefly lifted the dollar and pulled U.S. bond yields from earlier lows.

Gold is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding non-yieldi

12/05/2017 6:58:58 AM | Posted in Commodities Reports read full news
We expect Crude oil prices to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by half a percent at $1224.4 per ounce as U.S. and European stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation briefly lifted the dollar and pulled U.S. bond yields from earlier lows.

N

12/05/2017 12:12:35 PM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures recovers on Thursday on fresh buying by the market participants on lower level buying and firm spot price on good meal exports data. As per USDA latest report, soybean production in the country is kept at the same level at 115 mt as last year while the crushing v

12/05/2017 12:01:15 PM | Posted in Commodities Reports read full news
Nickel trading range for the day is 585.2-611 - Kedia Commodity

Gold

Gold traded in range amid political turmoil in Washington, after President Trump unexpectedly fired FBI chief James Comey. However gains were capped by better than expected producer inflation and labor market data. Fed’s Dudley said the U.S. central bank will normalise its balance sheet in a "very careful way", while leaving "

12/05/2017 11:55:05 AM | Posted in Commodities Reports read full news
Buy Crude Oil Dips on 3060-3070 Target 3100-3150 Stop loss at 3020 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 11th May 2017, Crude Oil March futures prices up by 6 pts (0.19%) closed at 3089, trading range between 3067-3112.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $47.83 a barrel.

Oil prices extended overnight gains in North American trading

12/05/2017 10:16:15 AM | Posted in Commodities Reports read full news
Sell Gold Rise On at 28100-28150 Target 27900-27800 Stop loss at 28250 - Enrich Commodities

GOLD

Gold on Thursday 11th May 2017, Gold prices Up by 4 pts (0.03%) & closed at 28004 trading range between 27932-28903 and April Comex Gold futures closed at $1224.20 division of the New York Mercantile Exchange.

Gold futures traded above eight-week lows amid political turmoil in Washington, after President Trump unexpectedly fired FBI

12/05/2017 10:06:45 AM | Posted in Commodities Reports read full news
Evening Update For 11th May 2017 - Angel Commodities

News and Analysis

* Dallas Fed President reiterated on 3 rate hikes for 2017.

* UK’s Manufacturing Production fell by 0.6 percent in Mar’17.

* LME Copper stocks fell by 0.7 percent on Wednesday.

 

European markets are trading lower as growing worries over Trump’s policies going forward hur

11/05/2017 5:36:29 PM | Posted in Commodities Reports read full news
Gold silver prices traded in the lower - Alpha Commodity

Bullion

* Gold silver prices traded in the lower range witnessed sharp decline in evening session on stronger dollar with US economic growth optimism. Prices have witnessed slight recovery today from yesterday’s fall with weaker dollar. Gold ETF holdings declined to 851.89 remained mostly steady with lower prices.

* We expect gold silve

11/05/2017 4:58:50 PM | Posted in Commodities Reports read full news