Evening Update For 3rd January 2017 - Angel Commodities

News and Analysis

* Chinese CAIXIN manufacturing PMI surged to 51.9 in Dec’16.

* LME Copper stocks down by 3.2 percent on Friday.

* Fed hikes rates; expects three more in 2017.

European stocks are trading higher as Chinese private manufacturing data added to signs of improving economic activity. Asian markets are tr

We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

US markets were shut yesterday on account of New Year holidays.

On the domestic front, GFMS Thomson Reuters data estimated the import of gold in 2016 in tonnage terms at 492 tonnes, the lowest since 2003.

Last week, spot gold prices rose by 1.6 percent to close at $1151.5 per o

3/01/2017 10:25:33 AM | Posted in Commodities Reports read full news
Sell Natural Gas @ 254 Target 245 - Sushil Finance

Gold

The most active COMEX gold futures contract finished 2016 up 7.1 percent as compared to the end of 2015 after strong gains on economic uncertainty earlier in the year were pared by heavy selling as the U.S. dollar rallied following the U.S. presidential election.

The dollar index - which measures the greenback against six major rivals cl

3/01/2017 10:14:29 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade higher - Angel Commodities

Soybean

Soybean futures closed higher on Monday on anticipation of good demand from the bulk buyers and oil millers. However, higher production estimate by SOPA and steady arrivals kept the prices range bound if the arrivals start picking up in coming weeks.

CBOT soybean gained last week after closing lower in two consecutive weeks earlier, o

Gold trading range for the day is 27325-27723 - Kedia

Gold

Gold on MCX settled up 0.46% at 27570 in thin holiday mood trade despite pressure from a strong dollar. A drop in the U.S. dollar index prompted good short covering in the futures market and some bargain hunting in the cash market. However, the safe haven asset is down nearly one percent in December, and about 12 percent this quarter. While the p

Bullion Yearly Report For 2017 - Kedia

Bullion -

2016 was supposed to be gold’s year. A string of referenda and election surprises, from the U.K.’s Brexit vote to the election of Donald Trump, ran counter to polling projections and consensus expectations. These sudden jolts could reasonably have been expected to inflame uncertainty, increase investor risk aversion, and send the

Evening Update For 2nd January 2017 - Angel Commodities

News and Analysis

* Major markets closed today on New Year’s Day holiday.

* LME Copper stocks down by 1.9 percent on Thursday.

* Fed hikes rates; expects three more in 2017.

European stocks are trading higher as Italy’s better-thanexpected economic data added to signs of improving manufacturing activity in the

We expect cotton prices for January delivery to trade higher - Angel Commodities

Soybean

* Last week, soybean futures closed higher by 1.2 percent to close at Rs.3,029 per quintal. Anticipation of good demand from the bulk buyers and oil millers and improving soy oil prices in the domestic as well as international markets helped the rally.

* The oil mills are buying soybean at current levels as the soy oil prices have inc

We expect Soybean prices to sideways - Angel Commodities

Soybean

Soybean futures closed higher last week due to lower level buying by the market participants but higher production estimate by SOPA and steady arrivals kept the prices range bound in the later part of the last week.

CBOT soybean futures closed lower on Friday due to forecasts for rain in Argentina which may increase world soybean pro

2/01/2017 10:48:18 AM | Posted in Commodities Reports read full news
Buy Crude Oil @ 3570 Target 3670 - Sushil Finance

Gold

Gold prices eased on Friday as gains from a weak dollar was offset by profit-taking at the end of a year in which bullion gained about more than 8 percent, snapping three years of declines.

In the first half of 2016, investors increased gold exposure as the Federal Reserve showed caution on raising interest rates due to concerns about gl

2/01/2017 10:38:44 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways - Angel Commodities

Bullion

Gold

Last week, spot gold prices rose by 1.6 percent to close at $1151.5 per ounce although expectations remain that the U.S. Federal Reserve will further raise interest rates, while MCX gold prices also rose by around 1.7 percent in the same time frame.

Bullion bounced back on Thursday afte

2/01/2017 10:21:41 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 27287-27713 - Kedia

Gold

Gold snapped a three-year losing streak with prices rising 10% in 2016, but those gains came early while the metal ended the year under a cloud of relentless selling. A drop in the U.S. dollar index prompted good short covering in the futures market and some bargain hunting in the cash market. However, the safe haven asset is down nearly one perc

Buy MCX Copper February between 371– 369, Stoploss- 364, Target – 383/385 - Angel Commodities

MCX GOLD

MCX Gold Feb as seen in the weekly chart above has opened the week with gap up at 27,004 levels and at starting of the week it made a weekly low of 26,916 levels. Later on as prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 27,634 levels. At the last trading session of the week prices corrected fro

31/12/2016 4:37:25 PM | Posted in Commodities Reports read full news
Evening Update For 30th December 2016 - Angel Commodities

News and Analysis

* Thin markets pushed global markets lower.

* LME Copper stocks down by 1.9 percent on Thursday.

* Fed hikes rates; expects three more in 2017.

European stocks are trading lower as investors look to sidelines ahead of yearend holidays. Asian markets are trading on a mixed note and the US stock futures ar

30/12/2016 4:46:45 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by 1.42 percent to close at $1158.2 per ounce to their highest in more than two weeks on Thursday as U.S. bond yields declined on waning risk appetite, reducing the U.S. dollar's appeal against safe-haven currencies such as the Japanese yen.

Bullion

30/12/2016 10:28:39 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 27221-27759 - Kedia

Gold

Gold on MCX settled up 0.96% at 27562 logging its biggest gain in nearly two months  amid worries about the U.S. economy and foreign policy. Bullion bounced back on Thursday after hitting a 10-month low on Dec. 15 as solid U.S. economic data gave the U.S. Federal Reserve the confidence to raise interest rates for the first time in a year. Ea

30/12/2016 10:17:40 AM | Posted in Commodities Reports read full news
We expect mustard seed to trade sideways - Angel Commodities

Sugar

Sugar Futures closed lower for the first time this week on profit booking form higher levels. The prices were higher this week as output for the next season is expected to be lower than the consumption demand. Moreover, firm mill tender rates also indicate a renewed demand from the stockists and bulk buyers. The most-active March sugar contract c

30/12/2016 10:07:14 AM | Posted in Commodities Reports read full news
NCDEX Guarseed and RMSeed may trade higher - Angel Commodities

NCDEX Guarseed 

Today NCDEX Guarseed Jan opened with gap down at 3,229 levels and during the day it rallied sharply and made a intraday high of 3,276 levels. Today prices have closed almost 0.40% higher and finally closed at 3,239 levels. As per the candlestick pattern prices have formed “Bullish candlestick pattern” which indicates fu

30/12/2016 9:30:10 AM | Posted in Commodities Reports read full news
Evening Update For 29th December 2016 - Angel Commodities

News and Analysis

* U.S. Pending home sales fell in November.

* LME Copper stocks down by 0.8 percent on Wednesday.

* Fed hikes rates; expects three more in 2017.

European stocks are trading lower as investors look to sidelines ahead of yearend holidays. Asian markets are trading on a mixed note and the US stock futures ar

29/12/2016 4:40:13 PM | Posted in Commodities Reports read full news
Sell Aluminium January @ 116 Stoploss Above 121.20 Target 111.80-107.50 - Kedia

Aluminium

Aluminium on MCX settled down -0.93% at 117.2 tracking LME aluminium closed 0.9 percent down at $1,704 a tonne amid concerns about China's property market, pointing to moves to limit property speculation in 2017. Surplus production capacity in China and muted commodity prices in world markets in the last few years have resulted in a progr

29/12/2016 2:09:56 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade positive today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose by 0.28 percent to close at $1142.1 per ounce as subdued cash demand and investor shortcovering helped offset a stronger U.S. dollar.

Spot prices are poised to finish the year up about 8 percent despite an 8 percent drop in November, as U.S. Treasury

29/12/2016 10:38:58 AM | Posted in Commodities Reports read full news
We expect cotton futures to trade sideways - Angel Commodities

Sugar

Sugar Futures continue to close higher on Wednesday as output for the next season is expected to be lower than the consumption demand. Moreover, firm mill tender rates also indicate a renewed demand from the stockists and bulk buyers. The most-active March sugar contract closed 0.21% higher to settle at 3,732 per quintal.

As per the exc

29/12/2016 10:28:03 AM | Posted in Commodities Reports read full news