Sell Gold below 28900 target 28700-28500 stop loss -29100 - Enrich Commodities

GOLD

Gold on Monday 13th Feb 2017, Gold prices up down -152 pts (-0.52%) & closed at 29021 trading range between 28941-29166 and April Comex Gold futures closed at $1225.80, division of the New York Mercantile Exchange.

Gold prices were slightly lower on Monday, as recent actions by U.S. President Donald Trump helped calm investor worries

14/02/2017 10:46:55 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

Spot gold prices declined by 0.7 percent to close near one week low of $1225 per ounce as the dollar gained momentum after two-day US Japan summit held over the weekend was seen to have ended smoothly.

Also, the greenback buoyed by a smooth meeting between U.S. President Donald Trump a

14/02/2017 10:25:01 AM | Posted in Commodities Reports read full news
Silver trading range for the day is 42127-42879 - Kedia

Gold

Gold on MCX settled down -0.52% at 29021 as the dollar rose and equities climbed, but political and economic uncertainty in the United States and in Europe due to elections is expected to continue to give underlying support for now. U.S. economic data has stoked talk that the Federal Reserve would press ahead with U.S. interest rate hikes sooner

14/02/2017 10:13:01 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade down - Angel Commodities

Soybean

Soybean futures continue to trade lower this week on expectation of sufficient supplies in the domestic market. The production will be higher this year and the oil millers are purchasing soybean at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estim

14/02/2017 9:58:29 AM | Posted in Commodities Reports read full news
Copper and other base metals shot high - Angel Commodities

Copper and other base metals shot high after a surprising phone call between the leaders of two superpowers, the US and China. In a latest positive development, US President Trump in a phone call to Chinese President Xi Jinping reaffirmed his commitment to the "One China" policy. This is significant since Trump had expressed doubts regarding the same policy in his phone call to Taiwan

13/02/2017 5:59:56 PM | Posted in Commodities Reports read full news
Sell MCX Natural Gas February between 209 – 211, Stoploss – 214, Target – 199 / 197 - Angel Commodities

MCX GOLD

MCX Gold Apr as seen in the weekly chart above has opened the week with gap up at 28,950 levels and during this week prices have rallied sharply and made a weekly high of 29,414 levels. At the last trading session of the week prices corrected sharply from higher levels and made a weekly low of 28,925 levels and after that on the same day price

13/02/2017 5:57:11 PM | Posted in Commodities Reports read full news
Evening Update For 13thFebruary 2017 - Angel Commodities

News and Analysis

* Trump hosts Japanese PM today at the White house.

* LME Copper stocks fell marginally on Friday.

* US affirmation towards “One China” policy boosts base metals.

European stocks are trading higher today ahead of key events lined up this week. Asian markets are trading higher and the US stock

13/02/2017 5:33:10 PM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways to higher - Angel Commodities

Soybean

Soybean futures closed lower last week and trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1,55,160 tonnes of soymeal was exported in Jan 2017 as against 28,400 tonnes in the same period last year.

13/02/2017 10:42:14 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28822-29380 - Kedia

Gold

Gold prices recovered from lows to end with gains as the U.S. dollar and Treasury yields came off their highs after the currency initially jumped on U.S. President Donald Trump's promise of a major tax announcement. U.S. economic data has also stoked talk that the Federal Reserve would press ahead with U.S. interest rate hikes sooner rather t

13/02/2017 10:36:40 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined marginally by 0.1 percent to close at $1234 per ounce after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates.

The data showing rising U.S. wholesale inventorie

13/02/2017 10:23:24 AM | Posted in Commodities Reports read full news
Buy Crude Oil above 3605 Target 3625-3650 Stop loss 3577 - Enrich

Crude Oil

Crude Oil on Friday 10th Feb 2017, Crude Oil Feb futures prices up by 65 pts (1.83%) closed at 3609, trading range between 3541-3620.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.87 a barrel.

On Friday, Crude prices rose for the third straight session, near

13/02/2017 9:01:37 AM | Posted in Commodities Reports read full news
Buy Gold future dips on 29060-29040 Target 29140-29250 Stop loss 289 - Enrich

Gold

Gold on Friday 10th Feb 2017, Gold prices up by 89 pts (0.29%) & closed at 29173 trading range between 28925-29204 and April Comex Gold futures closed at $1235.0, division of the New York Mercantile Exchange. On Friday, Gold futures finished the week higher in spite of two sessions of selling pressure following a move into a three-month high.

13/02/2017 9:01:25 AM | Posted in Commodities Reports read full news
Mustard seed prices under pressure, prices may rebound on weather disturbances - Angel Commodities

“There is expectation of good crop in 2016/17, and carryover stocks from last year also at higher level as country imported record mustard oil and exported multiyear low mustard meal. This left with higher nu crushed stocks with the traders. Thus, traders have been selling their old stocks at lesser prices which have bearish impact on the mustard seeds in the last three months.
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10/02/2017 5:39:50 PM | Posted in Commodities Reports read full news
Base metals witness wild swings this week - Angel Commodities

“The entire base metals pack has seen a lot of volatility this week citing mixed data from China and uncertainty regarding Trump’s policies going forward. Despite this, the non ferrous metals performance has been impressive. Copper, at the forefront, has been a beneficiary of supply disruption concerns with Escondida copper mine’s strike in Chile and Freeport’s Grasberg

10/02/2017 5:31:32 PM | Posted in Commodities Reports read full news
Evening Update For 10th February 2017 - Angel Commodities

News and Analysis

* China’s trade balance shows surplus of $51.4 billion.

* LME Copper stocks fell by 1.3 percent on Thursday.

* US Crude Oil Inventories jumped by 13.8 million bbl last week.

European stocks are trading higher today owing to strongerthan-expected earnings results and favorable trade data from China.

10/02/2017 5:12:46 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined by 0.9 percent to close at $1230.5 per ounce from a three-month high in the previous session after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates.

The dat

10/02/2017 11:02:35 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3535-40 Target 3575-3600 Stop loss 3500 - Enrich Commodities

CRUDEOIL

Crude Oil on Thursday 9th Feb 2017, Crude Oil Feb futures prices up by 30 pts (0.85%) closed at 3544, trading range between 3520-3554.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.0 a barrel.

Crude prices rose on Thursday for the second day in a row away fro

10/02/2017 10:51:48 AM | Posted in Commodities Reports read full news
Buy Gold future dips on 28850 Target 29000-29100 Stop loss 28775 - Enrich Commodities

GOLD

Gold on Thursday 9th Feb 2017, Gold prices down by -241 pts (-0.82%) & closed at 29089 trading range between 29057-29388 and April Comex Gold futures closed at $1236.80, division of the New York Mercantile Exchange.

Gold prices on Thursday plunged, and among political tensions in the Euro-zone that weigh on business confidence and un

10/02/2017 10:44:35 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28847-29509 - Kedia

Gold

Gold on MCX settled down -0.82% at 29089 after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates. Data showing rising U.S. wholesale inventories and an unexpectedly low number of Americans filing for unemployment benefits pushed up the dollar. Chicago Federal

10/02/2017 10:38:44 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Soybean

Soybean futures for February delivery closed little higher on bargain buying and reports of good export demand for the soymeal from the country. The trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1

10/02/2017 10:27:41 AM | Posted in Commodities Reports read full news