Gold prices at three month highs - Angel Commodities

“Gold prices continue to rally as prices hover near three month highs on the international as well as on the domestic exchanges. Risks from elections in Europe and uncertain policies of the Trump government create grounds for gold prices to rise higher. Gold prices in the Indian markets can potentially move higher towards INR 28800 mark in the near term.”

 

Evening Update For 9th February 2017 - Angel Commodities

News and Analysis

* China’s trade balance data due tomorrow.

* LME Copper stocks fell by 1.3 percent on Wednesday.

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

European stocks are trading higher today owing to strongerthan-expected earnings results by French consumer banking giant Societe General

We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.65 percent to close at $1241.6 per ounce as political risks posed by elections in Europe and worries over U.S. President Donald Trump's policies stoked safe haven demand.

Investors are concerned about the strong showing in the French president

9/02/2017 10:42:41 AM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1483.1-1540.1 - Kedia

Gold

Gold on MCX settled down -0.01% at 29330 as prices pared gains on profit booking after prices seen supported by political risk of European elections and worries over U.S. President Donald Trump's policies buoyed safe haven demand for the bullion. Investors are concerned about the strong showing in the French presidential race of far-right can

9/02/2017 10:30:14 AM | Posted in Commodities Reports read full news
We expect Soybean prices to trade on positive - Angel Commodities

Soybean

Soybean futures for February delivery closed unchanged on Wednesday. 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 1,55,160 tonnes of soymeal was exported in Jan 2017 as against 28,400 tonnes

9/02/2017 10:14:04 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3520 Target 3550-3590 Stop loss 3470 - Enrich

Crude Oil

Crude Oil on Wednesday 8th Feb 2017, Crude Oil Feb futures prices up by 14 pts (0.40%) closed at 3514, trading range between 3456-3532.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $52.34 a barrel.

Crude prices rose on Wednesday just above a four-week low hit e

Buy Gold dips on 29250 Target 29350-29450 Stop loss 29180 - Enrich

Gold

Gold on Wednesday 8th Feb 2017, Gold prices down by -2 pts (-0.01%) & closed at 29330 trading range between 29241-29414 and April Comex Gold futures closed at $1239.50 division of the New York Mercantile Exchange.

Gold prices on Wednesday Remains Stable as Market is unsure even after drawing support from dollar’s decline and o

Buy Rmseed April Above 3975 Stoploss Below 3700 Target 4210-4340 - Kedia

Mustard seed

Mustard seed prices dropped tracking weakness in spot demand on expectation of higher supply. After a drop in output over the past two years, production of mustard is seen rebounding this year on the back of higher Rabi acreage. Trade sources estimate the crop to be between 6.5 and 7 million tonnes, mainly on account of the higher acreage

Evening Update For 8th February 2017 - Angel Commodities

News and Analysis

* Strike looms at BHP Billiton’s Escondida mine in Chile.

* LME Copper stocks rose by 0.5 percent on Tuesday.

* API crude oils stocks jumped by 14.2 million bbl last week.

European stocks are trading higher today as FTSE gained after stronger-than-expected full year earnings results by Rio Tinto. A

Buy MCX Copper at 375 – 380, Stoploss – 365, Target – 410 / 415 - Angel Commodities

Copper

Copper prices gained around 8 percent on the LME and MCX as supply disruption concerns came to the fore after workers at the Escondida mine in Chile, the world's largest copper mine rejected an opening pay offer as insufficient as the two sides prepared for the start of a new collective wage agreement. BHP, the world's largest miner by m

Turmeric – Heading towards upper trend line - Sharekhan

Turmeric

Adjacent chart shows price movement of NCDEX Turmeric continuous contract. It has taken support at the lower end of the triangle pattern and has bounced back. It saw a minor consolidation there-after. However, in previous trading session, it has managed to break out from the consolidation. It is likely to head towards the upper end of the tria

8/02/2017 10:58:11 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices fell by 0.2 percent to close at $1233.6/oz as a stronger dollar weighed on prices.

However, worries about the political landscape in the United States and Europe, and a subdued dollar, reinforced investor interest in the safe haven.

Political unce

8/02/2017 10:32:07 AM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways - Angel Commodities

Soybean

Soybean futures closed down on Tuesday but the trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market will remain sufficient. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices.

U.S. soybean futures closed higher on Tuesday on stronger exports

8/02/2017 10:19:00 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 29119-29455 - Kedia

Gold

Gold on MCX settled up 0.48% at 29332 continued to trade higher as the outlook for the next Federal Reserve rate hike remained murky. Prices slipped from near three-month highs hit in the previous session, easing on a stronger dollar amid political and economic uncertainty in the United States and Europe. Yesterday dollar index was up 0.2 percent

8/02/2017 10:11:17 AM | Posted in Commodities Reports read full news
Buy Gold April future around 29250-80 Target 28380-29450 Stop loss 29190 - Enrich

Gold

Gold on Tuesday 7th Feb 2017, Gold prices up by 139 pts (0.48%) & closed at 29332 trading range between 29180-29348 and April Comex Gold futures closed at $1236.10, division of the New York Mercantile Exchange.

three-month high as the dollar gained ground, while tensions in the markets continue to strengthen the yellow metal, in tur

Sell Crude Oil below at 3450 Target 3430-3405 Stop loss 3480 - Enrich

Crude Oil

Crude Oil on Tuesday 7th Feb 2017, Crude Oil Feb futures prices down by -79 pts (-2.21%) closed at 3500, trading range between 3495-3586.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $52.17 a barrel.

Crude oil prices moved lower on Tuesday, Sluggish demand and

Buy Gold between 28400 – 28600, Stoploss – 27800, Target – 29800 / 29900 - Angel Commodities

Outlook

Gold prices have rallied quite a bit in a very short period of time as changes in political landscape in the US, uncertainty with regards to policies of the new government, president’s comments on stronger dollar, are push factors for gold prices to rise higher in the near term.

Investors' interest in gold rose after the U.

Evening Update For 7th February 2017 - Angel Commodities

News and Analysis

* German Industrial Production fell by 3 percent in Dec’16.

* LME Copper stocks fell marginally on Monday.

* UK’s Halifax HPI fell by 0.9 percent in Jan’17.

European stocks are trading higher today but investors were cautious as French presidential candidate pledged to take the country

Sell Crude Oil below at 3550 Target 3520-3480 Stop loss 3591 - Enrich Commodities

Crude Oil

Crude Oil on Monday 6th Feb 2017, Crude Oil Feb futures prices down by -35 pts (-0.97%) closed at 3579,trading range between 3576-3640.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.01 a barrel.

Crude prices fell on Monday as the dollar recovered against a b

7/02/2017 10:53:59 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 1.29 percent to close at $ to its highest in nearly three months as worries about the political landscape in the United States and Europe, and a subdued dollar, reinforced investor interest.

Political uncertainty in the United States has been fueled b

7/02/2017 10:47:15 AM | Posted in Commodities Reports read full news