Evening Update For 13th July 2017 - Angel Commodities

News and Analysis

* Janet Yellen signals gradual rate hikes in her testimony.

* US crude oil stocks plunged by 7.6 million bbl.

* LME Copper stocks fell by 0.1 percent on Wednesday.

European markets are trading higher today as Janet Yellen fuelled expectations of gradual arte hikes in her testimony. Asian markets ended hi

13/07/2017 5:15:39 PM | Posted in Commodities Reports read full news
Crude oil futures moved higher - IIFL

Commodities

Gold  prices have scaled higher ,as markets seem to have interpreted Fed Chief Janet Yellen’s remarks as relatively dovish in her testimony to US Congress .She stated that the central bank will normalise the policy in such manner that it neither stimulates nor supress economic activity ,implying that interest rates may not rise m

13/07/2017 1:10:14 PM | Posted in Commodities Reports read full news
Copper trading range for the day is 380.8-387 - Kedia Commodity

Gold

Gold on MCX settled flat up at 27842 in yesterday’s session as somewhat positive economic data solidified expectations for another interest rate hike before year's end. The sell-off in the precious metals prices also seems to have run their course, with underlying tails on recent days’ candlesticks suggesting dip buying interest.

13/07/2017 11:35:52 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade positive - Sushil Finance

Gold

Gold prices rose on Wednesday, edging further from this week's near four-month low after comments from Federal Reserve Chair Janet Yellen curbed speculation that U.S. interest rates would rise more than once this year.

In congressional testimony, Yellen said that given current estimates the Fed would not need to lift rates all that

13/07/2017 11:12:03 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed higher on Wednesday on bargain buying by the market participants after plunge more than 2.20% on Tuesday. The market arrivals have been diminishing and there is also good demand. According to SOPA press release, India's exports of soymeal rose

13/07/2017 10:46:18 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, gold prices rose marginally by 0.18 percent to close at $1219.5 per ounce edging further from this week's near four-month low after comments from Federal Reserve Chair Janet Yellen curbed speculation that U.S. interest rates would rise more than once this year.

In con

13/07/2017 10:18:58 AM | Posted in Commodities Reports read full news
Crude oil prices reacted and the previous resistance became support at $44.90 - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 12th July 2017, Crude Oil July futures prices Up by (37) pts (1.27%) closed at 2949, trading range between 2910 – 3000. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.49 a barrel.

Oil prices dipped early on Thursday as producer club OPEC said it expected demand for its c

13/07/2017 10:07:44 AM | Posted in Commodities Reports read full news
Gold prices are expected to move to $1225 - Enrich Commodities

GOLD

Gold on Wednesday 13th July 2017, Gold prices up by (17) pts closed at 27851 trading range between 27802 - 27977 and August Comex Gold futures settled at $1219.10 division of the New York Mercantile Exchange.

Gold rose on Wednesday, after Federal Reserve chair Janet Yellen’s testimony to congress revealed that the central bank beli

13/07/2017 10:03:06 AM | Posted in Commodities Reports read full news
Evening Update For 12th July 2017 - Angel Commodities

News and Analysis

* Janet Yellen’s testimony to be closely watched tonight.

* US crude oil stocks expected to fall by 3.2 million bbl.

* LME Copper stocks fell by 0.4 percent on Tuesday.

European markets are trading higher today as recovery in crude oil prices supported risk appetite. Asian markets ended lower and t

12/07/2017 5:48:46 PM | Posted in Commodities Reports read full news
Sell Natural Gas Jul Below 195.50 SL ABV 198 TGT 191.80-188.80 - Kedia Commodity

Naturalgas

Naturalgas on MCX settled up 3.91% at 196.80 prices surged higher as warmer than normal weather is expected to cover most of the United States for the next 8-14 days which should increase cooling demand driving up natural gas prices. Hot high pressure with highs of 90s and 100s will dominate much of the country this week for strong demand b

12/07/2017 3:07:15 PM | Posted in Commodities Reports read full news
We expect silver prices to trade positive - Sushil Finance

Gold

Spot gold rose on Tuesday, off the previous day's near four-month lows, as a drop in equities drove safe-haven buying and the U.S. dollar retreated.

The weaker currency makes dollar-denominated commodities less expensive for holders of other currencies, which could subdue demand.

The greenback fell after hitting a four-mon

12/07/2017 12:08:45 PM | Posted in Commodities Reports read full news
The Fed members have expressed caution regarding slow wage growth and low inflation - IIFL

Commodities

Gold  price extended the recovery ,rebounding from month low,as political uncertainly aggravates in US. Meanwhile ,investors await cues from Fed Chif’s testimony to Congress. However , there seem to be divergrent views from the Fed as far as policy normalisation is concerned. Although Yellen seems to be persisting with rate hikes

12/07/2017 12:01:48 PM | Posted in Commodities Reports read full news
Naturalgas trading range for the day is 186.2-202.4 - Kedia Commodity

Gold

Gold on MCX settled up 0.14% at 27834 after Fed’s Brainard sparked doubts about a rate hike later this year, warning that further rate increases could stifle inflation. Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday he finds it hard to believe that the U.S. economy is in danger of overheating when wage growth is so

12/07/2017 11:56:34 AM | Posted in Commodities Reports read full news
Short term perspective indicates that the previous resistance became support at $44.90 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 11th July 2017, Crude Oil July futures prices Up by (36) pts (1.25%) closed at 2912, trading range between 2836 – 2926. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.04 a barrel.

Crude futures closed higher as oversupply tenseness calmed down a little after the Energy inf

12/07/2017 10:38:48 AM | Posted in Commodities Reports read full news
Gold prices rebounded from session lows - Enrich Commodities

GOLD

Gold on Tuesday 11th July 2017, Gold prices up by (40) pts closed at 27834 trading range between 27678 - 27870 and August Comex Gold futures settled at $1214.70 division of the New York Mercantile Exchange.

Gold turned optimistic after Federal Reserve Governor Lael Brainard kindled doubts about a rate ramble later this year, warning that

12/07/2017 10:33:21 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.28 percent to close at $1217.3 per ounce off the previous days near four-month lows, as a drop in equities drove safe-haven buying and the U.S. dollar retreated.

U.S. stocks and the dollar reversed gains after U.S. President Donald Trump's eld

12/07/2017 10:20:46 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures plunge more than 2.20% on Tuesday due to fresh selling by the market participants due to profit booking. As per SOPA, as of June-end, soybean inventories with farmers were at 36 lakh tonnes, over three times the amount a year ago.

According to

12/07/2017 10:07:00 AM | Posted in Commodities Reports read full news
Evening Update For 11th July 2017 - Angel Commodities

News and Analysis

* Crude prices under severe pressure ahead of stocks data.

* LME Copper stocks jumped by 1.6 percent on Friday.

* US Nonfarm payrolls jumped by 222k in June’17.

European markets are trading lower today as plunge in crude oil prices hurt global risk appetite. Asian markets ended higher and the US st

11/07/2017 5:17:49 PM | Posted in Commodities Reports read full news
Buy Silvermini at 76.50; Stop loss closing basis 79.40 Target 74.20 and below can see 71.80 - Kedia Commodity

Gold - Silver Ratio (GSR) Chart

Trade Recommendation: SELL

Sell Goldmini - Buy Silvermini at 76.50; Stop loss closing basis 79.40 Target 74.20 and below can see 71.80.

Trading Lot Size : Sell 3 lots of Goldmini Aug at 27715 while Buy 4 lots of Silvermini Aug at 36230. Current price : 76.50

GSR trading well above moving ave

11/07/2017 4:54:04 PM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 2793-2935 - Kedia Commodity

Gold

Gold on MCX settled up 0.04% at 27794 after nearing technical support and as traders awaited signals from central banks on interest rate hikes. Consumers expect to boost spending in the months ahead and voiced confidence they are more likely to find a job and less likely to lose one in a strong labor market, the New York Federal Reserve reported.

11/07/2017 11:52:29 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures continue to trade higher as market participants initiated fresh buying (open interest increased by 5010 tonnes) due to deficient rains in soybean growing areas of MP , Rajasthan and Maharashtra during last 7 days or so. Moreover, higher soymeal exports to

11/07/2017 11:20:45 AM | Posted in Commodities Reports read full news