Evening Update For 22nd December 2016 - Angel Commodities

News and Analysis

* US Final GDP due to be released tonight.

* Fed hikes rates; expects three more in 2017.

* LME Copper stocks down by 1.1 percent on Wednesday.

European stocks are trading lower as investors remained at bay ahead of the year end holidays. Asian markets are trading on a negative note and the US stock futur

22/12/2016 4:51:19 PM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways to higher - Angel Commodities

Sugar

Sugar Futures closed higher on Wednesday on lower level buying by the market participants. The most-active March sugar contract closed 0.45% higher to settle at 3,564 per quintal.

The country is likely to produce 23.4 mt sugar in 2016/17, down about 7% from a year earlier as back-to-back droughts ravaged cane crops in the top producing

22/12/2016 10:27:40 AM | Posted in Commodities Reports read full news
Silver trading range for the day is 38626-40020 - Kedia

Gold

Gold on MCX settled down -0.52% at 26990 as prices remained under pressure as a firm U.S. dollar and the possibility of further U.S. interest rate hikes next year continued to weigh. Gold had been hit hard by a surge in the dollar after the November U.S. elections, and a more hawkish tone from the Federal Reserve after it hiked U.S. interest rate

22/12/2016 10:19:06 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined marginally by 0.03 percent to close at $1131.4 per ounce but held above last week's 10-1/2- month low on Wednesday as a retreat in the dollar from the previous session's 14-year peak prompted some buyers to hunt bargains after the metal's sharp s

22/12/2016 10:09:15 AM | Posted in Commodities Reports read full news
Sell Crude Oil @ 3600 Target 3510 - Sushil Finance

Gold

Gold was little changed but held above last week's 10-1/2-month low on Wednesday as a retreat in the dollar from the previous session's 14-year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high.

Bullion gave up earlier gains as the greenback came off session lows against a basket

22/12/2016 9:56:25 AM | Posted in Commodities Reports read full news
Mentha Oil may trade positive - Angel Commodities

MCX Mentha Oil December

Today MCX Mentha Oil Dec opened with gap up at 1028.90 levels and during the day it rallied sharply and made intraday high of 1,049 levels. Today prices have closed almost 2.44% higher and finally closed at 1,047.10 levels. As per the candlestick pattern prices have formed “Bullish candlestick pattern” which indicate

22/12/2016 9:37:47 AM | Posted in Commodities Reports read full news
Evening Update For 21st December 2016 - Angel Commodities

News and Analysis

* BOJ keeps monetary policy steady at -0.10 percent.

* Fed hikes rates; expects three more in 2017.

* LME Copper stocks down by 1.3 percent on Tuesday.

European stocks are trading lower dragged by weakness in banking stocks. Asian markets are trading on a mixed note and the US stock futures are trading in

21/12/2016 5:02:32 PM | 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 declined by 0.6 percent to close at $1131.8 per ounce as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates, while deadly incidents in Turkey and Germany failed to spur safe-haven buying.

Gold

21/12/2016 10:46:20 AM | Posted in Commodities Reports read full news
Buy Gold @ 27100 Target 27350 - Sushil Finance

Gold

Gold fell on Tuesday as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates, while deadly incidents in Turkey and Germany failed to spur safe-haven buying.

Gold prices came off their session lows as the U.S. dollar pared gains from 14-year highs. The greenback was buoyed by

21/12/2016 10:32:13 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Sugar

Sugar Futures fell on Monday on reports of higher sugar production figures by ISMA for the current sugar season till Dec 15. The lower production of sugar in Maharashtra has been compensated by two fold increase in Uttar Pradesh sugar production. The most-active March sugar contract closed 0.91% lower to settle at 3,597 per quintal.

The

21/12/2016 10:16:35 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 26934-27292 - Kedia

Gold

Gold on MCX settled down -0.48% at 27130 returned to its losing ways as traders continued to bet the Federal Reserve will again raise interest rates early next year. The central bank offered only its second rate hike of the past decade last week, but hinted further tightening was imminent. Fed Chair Janet Yellen cemented expectations yesterday te

21/12/2016 10:07:46 AM | Posted in Commodities Reports read full news
NCDEX Soybean may trade lower - Angel Commodities

NCDEX Soyabean 

Today NCDEX Soyabean Jan opened with gap down at 3010 levels and during the day it corrected sharply and made a intraday low of 2,992 levels and high of 3,030 levels. Today prices have closed almost 0.30% lower and finally closed at 3,017 levels. As per the candlestick pattern prices have formed “Doji candlestick pattern&rdqu

21/12/2016 9:51:36 AM | Posted in Commodities Reports read full news
Evening Update For 20th December 2016 - Angel Commodities

News and Analysis

* BOJ keeps monetary policy steady at -0.10 percent

* Fed hikes rates; expects three more in 2017.

Asian markets are trading on a mixed note as markets discount the hawkish comment made by the US Fed Chair Janet Yellen who believes that America’s labor market and wage growth looks strong.

Spot gold

20/12/2016 5:00:26 PM | Posted in Commodities Reports read full news
We expect cotton prices for December delivery to trade higher - Angel Commodities

Soybean

* Soybean futures decline marginally last week increase in supplies in physical market kept the prices lower during the last week.

* The most-active Jan’17 delivery contract closed 0.23% lower to settle at Rs. 3,047 per quintal.

* The arrivals of soybean in the highest producing states –Maharashtra, Madhya Prades

20/12/2016 4:15:21 PM | Posted in Commodities Reports read full news
Gold trading range for the day is 27124-27348 - Kedia

Gold

Gold on MCX settled up 0.35% at 27260 as geopolitical tensions offset expectations of tighter U.S. monetary policy and a stronger U.S. dollar. Federal Reserve Chair Janet Yellen said on Monday the U.S. labor market has improved to its strongest in nearly a decade, suggesting wage growth is picking up and underscoring expectations the central bank

20/12/2016 10:48:10 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.4 percent to close at $1138.7 per ounce as geopolitical tensions offset expectations of tighter U.S. monetary policy and a stronger U.S. dollar.

However, gold prices remained capped by expectations of more rate hikes to come. The Fed raised rates for

20/12/2016 10:26:56 AM | Posted in Commodities Reports read full news
We expect Crude Palm Oil to trade sideways - Angel Commodities

Sugar

Sugar Futures fell on Monday on reports of higher sugar production figures by ISMA for the current sugar season till Dec 15. The lower production of sugar in Maharashtra has been compensated by two fold increase in Uttar Pradesh sugar production. The most-active March sugar contract closed 0.91% lower to settle at 3,597 per quintal.

Th

20/12/2016 10:10:31 AM | Posted in Commodities Reports read full news
Buy Crude Oil @ 3590 Target 3660 - Sushil Finance

Gold

Gold prices edged higher on Monday as geopolitical tensions offset expectations of tighter U.S. monetary policy and a stronger U.S. dollar.

Even so, gold prices remained capped by expectations of more rate hikes to come. The Fed raised rates for the first time in a year last week and projected three more increases in 2017, up from the tw

20/12/2016 10:01:18 AM | Posted in Commodities Reports read full news
Buy NCDEX Refind soyoil between 700 – 705, Stoploss – 670, Target – 755 / 760 - Angel Commodities

Refine Soyoil

As seen above monthly price chart of NCDEX Refsoyoil, it is clearly seen that prices are trading in the bullish trend from last couple of months. Last month we have noticed a positive breakout on the charts followed by “Bullish Candlestick” formation. As per the formation of price chart, it is following “Higher Top

19/12/2016 5:27:25 PM | Posted in Commodities Reports read full news
Evening Update For 19th December 2016 - Angel Commodities

News and Analysis

* LME Copper stocks up by 44 percent Since Dec 8

* Fed hikes rates; expects three more in 2017.

European markets are trading mostly lower ahead of yearend portfolio adjustments. Asian markets are trading mixed and the US stock futures are trading in the green.

Spot gold prices are trading higher today by

19/12/2016 5:18:19 PM | Posted in Commodities Reports read full news
Buy Mentha Oil January @ 1023 Stoploss Below 978 Target 1075-1115 - Kedia

Mentha oil

Mentha oil on MCX settled up 0.13% at 998.9 amid increasing demand in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year. This implies that ex

19/12/2016 5:13:54 PM | Posted in Commodities Reports read full news