Oil future traded on a firm ground,deriving cues from OPEC - IIFL

Commodities

 Gold prices remain supported by the evolving geopolitical dynamics. In the latest, US President Trump stated that recent UN sanctions on North Korea are not harsh when compared with what actually needs to be done to clamdown on Pyongyang`s nuclear program. US Treasury Secretary further raised the rhetoric by threatening to impose fina

13/09/2017 11:09:22 AM | Posted in Commodities Reports read full news
It`s likely that crude oil prices will make their third attempt and retest at $50 - Enrich Commodities

CRUDE OIL

Crude Oil on 12th September 2017, Crude Oil September futures prices up by (19) pts (0.62%) closed at 3092, trading range between 3059 – 3105. Crude oil for October delivery on the New York Mercantile Exchange settled at $ 48.23 a barrel.

Crude oil prices settled higher on Tuesday as Hurrican Irma impact has been assessed by i

13/09/2017 10:08:37 AM | Posted in Commodities Reports read full news
Gold prices rebounded and reached support line at $1330 - Enrich Commodities

GOLD

Gold on 12th September 2017, Gold prices up by (10) pts closed at 29943 trading range between 29820 - 29971 and December Comex Gold futures settled at $1332.70 division of the New York Mercantile Exchange.

Gold prices edged lower on Tuesday morning as risk sentiment improves after Hurrican Irma and North Korea tensions eased. Hurricane I

13/09/2017 10:04:03 AM | Posted in Commodities Reports read full news
Sell Silver Dec 2017 @ 41250 SL 41550 TGT 41080-40850 - Kedia Commodity

GOLD

Gold prices traded in range as a lull in geopolitical tensions spurred a pick-up in investor appetite for riskier assets such as equities. rump said the latest U.N. sanctions on North Korea were only a very small step and nothing compared to what would have to happen to deal with the country's nuclear program. Data showed that U.S. job opening

13/09/2017 9:49:55 AM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 2978-3136 - Kedia Commodity

Gold

Gold on MCX settled down -1.11% at 29933 as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the U.S. dollar and bond yields. Demand for safer assets, including gold, also weakened after Hurricane Irma wreaked less damage in Florida than had been feared. Gold had rallied 1.6 percent last week o

12/09/2017 12:15:50 PM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade sideways to down - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Oct futures closed higher for the second consecutive day on reports of lower than expected production in new season due to lower acreage and irregular rains. The condition of the standing crop is improving in MP and Maharashtra because of recent rains. However dry spells

12/09/2017 11:08:53 AM | Posted in Commodities Reports read full news
Copper prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices declined by 1.44 percent to close at $1326.9 per ounce from the previous session's 13-month high as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the U.S. dollar and bond yields.

Demand for safer ass

12/09/2017 10:48:12 AM | Posted in Commodities Reports read full news
Crude oil market reacted in the same direction - Enrich Commodities

CRUDE OIL

Crude Oil on 11th September 2017, Crude Oil September futures prices up by (28) pts (0.92%) closed at 3073, trading range between 3010 – 3089. Crude oil for October delivery on the New York Mercantile Exchange settled at $ 48.07 a barrel.

Oil prices edged higher on Monday as investors react to the news of talks between Saudi o

12/09/2017 10:33:58 AM | Posted in Commodities Reports read full news
It has rebounded towards upper resistance trend line at $1362 - Enrich Commodities

GOLD

Gold on 11th September 2017, Gold prices down by (-335) pts closed at 29933 trading range between 29917 - 30200 and December Comex Gold futures settled at $1335.70 division of the New York Mercantile Exchange.

Gold prices dipped lower on Monday, weighed by a rebound in the dollar from its drop in two months despite a drop-in gold demand

12/09/2017 10:27:52 AM | Posted in Commodities Reports read full news
Sell Gold Oct 2017 @ 29950 SL 30080 TGT 29840-29720 - Kedia Commodity

GOLD

Gold on MCX settled down -1.11% at 29933 as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the U.S. dollar and bond yields. Demand for safer assets, including gold, also weakened after Hurricane Irma wreaked less damage in Florida than had been feared. Gold had rallied 1.6 percent last week on

12/09/2017 10:14:55 AM | Posted in Commodities Reports read full news
Sell Silver Dec 2017 @ 41500 SL 41750 TGT 41260-41050 - Kedia Commodity

GOLD

Gold prices ended with nominal losses but ended the week with more than one percent gains as the U.S. dollar dropped and weak economic data lowered expectations of a December interest rate rise in the United States.

The U.S. dollar hit a more than 2-1/2-year low on reduced expectations for another Federal Reserve rate increase this year,

11/09/2017 3:50:14 PM | Posted in Commodities Reports read full news
Buy MCX Gold Oct between 30000 - 29900, SL - 29700, Target - 30600 / 30700 - Angel Commodities

MCX GOLD Oct (CMP – 30,268 / $ 1346.10)

MCX Gold Oct as seen in the weekly chart above has opened the week with gap up at 30,011 levels and at the starting of the week it made a weekly low of 29,955 levels. Later on as expected prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 30,474 levels. At the las

11/09/2017 3:29:39 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 41009-42207 - Kedia Commodity

Gold

Gold prices ended with nominal losses but ended the week with more than one percent gains as the U.S. dollar dropped and weak economic data lowered expectations of a December interest rate rise in the United States. The U.S. dollar hit a more than 2-1/2-year low on reduced expectations for another Federal Reserve rate increase this year, while th

11/09/2017 11:16:49 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Spot gold prices rose by 1.6 percent last week to close at $1346.3 per ounce while MCX, gold prices rose by 1.5 percent to close at Rs.30434 per 10 gms.

Weak dollar index and weak US jobs data coupled with unchanged growth and inflation outlook from the ECB. The U.S dollar was also drive

11/09/2017 10:53:58 AM | Posted in Commodities Reports read full news
Crude oil prices have formed “Megaphone chart pattern - Enrich Commodities

CRUDE OIL

Crude Oil on 8th September 2017, Crude Oil September futures prices down by (- 98) pts (-3.12%) closed at 3045, trading range between 3034 – 3150. Crude oil for October delivery on the New York Mercantile Exchange settled at $47.48 a barrel.

Crude oil prices dipped lower on Friday and edged up on Monday after the talks by Saud

11/09/2017 9:48:18 AM | Posted in Commodities Reports read full news
Gold Daily chart has formed “Rising Wedge Pattern - Enrich Commodities

GOLD

Gold on 8th September 2017, Gold prices down by (-14) pts closed at 30268 trading range between 30210 - 30474 and December Comex Gold futures settled at $1351.20 division of the New York Mercantile Exchange.

Gold prices traded at one-year highs on Friday, supported by continued dollar weakness amid a drop-in investor expectation of a Dec

11/09/2017 9:44:49 AM | Posted in Commodities Reports read full news
The NCDEX Sugar prices have broken below the rising trend - Choice Broking

COPPER

News and Developments

Copper prices have surged in recent weeks amid growing optimism about the economic outlook for China and the world, but some warn that the rise has outstripped real demand and a correction could be in the offing. A rally that began in July has pushed the metal’s price to a ro

9/09/2017 11:11:38 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 29922-30548 - Kedia Commodity

Gold

Gold on MCX settled up 0.69% at 30282 after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank. The number of Americans filing for unemployment benefits jumped to its highest in more than two years last week amid a surge in applications in hurricane-ravaged Texas, send

8/09/2017 11:54:55 AM | Posted in Commodities Reports read full news
Buy Silver Dec 2017 @ 41550 SL 41250 TGT 41850-42100 - Kedia Commodity

GOLD

Gold on MCX settled up 0.69% at 30282 after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank. The number of Americans filing for unemployment benefits jumped to its highest in more than two years last week amid a surge in applications in hurricane-ravaged Texas, send

8/09/2017 11:37:24 AM | Posted in Commodities Reports read full news
Copper prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose 1.13 percent to close at $1348.8 per ounce on account of weak dollar index and weak US jobs data coupled with unchanged growth and inflation outlook from the ECB.

The number of Americans filing for unemployment benefits jumped to its highest in more tha

8/09/2017 11:24:36 AM | Posted in Commodities Reports read full news