Evening Update For 3rd April 2017 - Angel Commodities

News and Analysis

*  Trump–Jinping meeting to draw global attention this week.

*  US GDP grew at 2.1 per cent in Q42016.

*  LME Copper stocks plunged by 2.5 percent on Friday.

European stocks are trading mixed ahead of key events lined up this week; most important being meeting between US and Chinese

3/04/2017 11:54:16 AM | Posted in Commodities Reports read full news
Buy MCX Silver May between 41600 – 41800, SL – 41000, Target – 42800 / 43200 - Angel Commodities

MCX GOLD Apr (CMP – 28,742 / $ 1,248)

MCX Gold Apr as seen in the weekly chart above has opened the week with gap up at 29,031 levels and at the starting of the week it made a weekly high of 29,072 levels. Later on prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 28,576 levels. This week prices have

3/04/2017 10:41:51 AM | Posted in Commodities Reports read full news
Buy Crude Oil @ 3260-3250 StopLoss 3235 Target 3285-3310 - Enrich Commodities

Crude Oil

Crude Oil on Friday 31th March 2017, Crude Oil April futures prices up by 15 pts closed at 3284, trading range between 3245-3288. On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 50.60 a barrel.

Oil futures settled higher for the fourth session in a row on Frida

Silver trading range for the day is 41737-42655 - Kedia Commodity

Gold

On MCX settled up 0.28% at 28742 as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safe haven. Gold rebounded from early losses as the dollar turned flat after a Federal Reserve official's seemingly dovish remarks and uninspiring data on the U.S. economy tamp

We expect Natural gas prices to trade positive - Sushil Finance

Gold

Gold notched a quarterly gain of about 8.4 percent on Friday, marking its best quarter in a year, as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fueled demand for bullion as a safe haven.

Gold rebounded from early losses as the dollar turned flat after a Federal Reserve official'

We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed lower of the week on weak spot demand despite less arrivals. The supplies have been decreased drastically this week compared to previous week. As per Agmarknet, arrivals of soybean during 27-31 Mar were about 24,979 tonnes Vs 80,092 tonnes during previous

We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices rose by 0.4 percent, to close at $1248.6/oz, while MCX gold prices declined by 1.1 percent to close at Rs.28463 per 10 gms.

The dollar strengthened, but uncertainty surrounding the impact of Britain's departure from the European Union and upcoming French elections offere

Evening Update For 31st March 2017 - Angel Commodities

News and Analysis

 Freeport to resume copper concentrate exports from its Grasberg mine.

 US GDP grew at 2.1 per cent in Q42016.

 LME Copper stocks plunged by 2.2 percent on Thursday.

European stocks are trading lower as global political and economic uncertainty hurt risk appetite. Asian markets ended lower and t

31/03/2017 5:06:02 PM | Posted in Commodities Reports read full news
We expect gold prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.72 percent to close at $1242.9 per ounce as the dollar strengthened, but uncertainty surrounding the impact of Britain's departure from the European Union and upcoming French elections offered support.

Prime Minister Theresa May formally

31/03/2017 11:20:24 AM | Posted in Commodities Reports read full news
We expect cotton futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed lower on Thursday on weak spot demand despite lower arrivals. The supplies have been decreased drastically this week compared to previous week. As per Agmarknet, arrivals of soybean during 27-30 Mar were about 23,094 tonnes Vs 64,876 tonnes during previou

31/03/2017 11:07:30 AM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 6224-6444 - Kedia Commodity

Gold

Gold on MCX settled down -0.56% at 28542 after data showed that the U.S. economy grew faster than expected, reinforcing expectations for more U.S. interest rate hikes this year. The potential for the rise of the far right in European elections this year, along with British Prime Minister Theresa May formally triggering divorce proceedings from th

31/03/2017 11:00:19 AM | Posted in Commodities Reports read full news
Buy Crude Oil Dis on 3240-3250 Target 3275-3300 stop loss at 3210 - Enrich Commodities

Crude Oil

Crude Oil on Thursday 30th March 2017, Crude Oil April futures prices up by 58 pts closed at 3269, trading range between 3212-3275. On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 50.35 a barrel.

Crude prices rose on Thursday past $50 a barrel for the first tim

31/03/2017 10:36:04 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade sideways - Sushil Finance

Gold

Gold dipped on Thursday as the dollar strengthened, but losses were capped by continuing economic uncertainty around Britain's departure from the European Union and approaching French elections.

The potential for the rise of the far right in European elections this year, along with British Prime Minister Theresa May formally triggeri

31/03/2017 10:13:39 AM | Posted in Commodities Reports read full news
Evening Update For 30th March 2017 - Angel Commodities

News and Analysis

* ECB official reiterated on loose monetary policy.

* China's economy is likely to grow 6.8 percent in Q12017.

* LME Copper stocks plunged by 2.1 percent on Wednesday. 

 

European stocks are trading lower as ECB official eased expectations of withdrawal of monetary support. Asian m

30/03/2017 5:04:01 PM | Posted in Commodities Reports read full news
Buy Gold Dips on June Month contract 28700-28650 target 28770-28850 stop loss at 28550 - Enrich Commodities

Gold

Gold on Wednesday 29th March 2017, Gold prices down by (145pts) & closed at 28703 trading range between 28626-28751 and April Comex Gold futures closed at $1253.70, division of the New York Mercantile Exchange.

Gold prices rose on Wednesday despite dollars’ recovery against a basket of rivals, as demand rises on gold as a safe

30/03/2017 11:58:08 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed higher for the second consecutive day on Wednesday on low level buying by the market participants The meal exports also support the prices coupled with slower arrivlas. According to SEA, India's soymeal exports are likely to be around 200,000 tonnes in

30/03/2017 11:52:58 AM | Posted in Commodities Reports read full news
Sell Crude oil below 3240-3245 target 3220-3200 stop loss at 3253 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday 29th March 2017, Crude Oil April futures prices up by 44 pts closed at 3221, trading range between 3151-3221. On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 49.51 a barrel.

Crude futures settled higher on Wednesday, after the latest Ener

30/03/2017 11:47:16 AM | Posted in Commodities Reports read full news
We expect gold prices to trade higher - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose marginally by 0.03 percent to close at $1252 per ounce hovering below Monday's one-month high as uncertainty about Brexit talks, French elections and U.S. President Donald Trump's economic policies boosted safe-haven buying and offset a firmer dollar.<

30/03/2017 11:41:53 AM | Posted in Commodities Reports read full news
Cotton trading range for the day is 20963-21463 - Kedia Commodity

Gold

Gold on MCX settled down -0.5% at 28703 weighed by a rise in the dollar, which continued to recover from multi-month lows, after the release of upbeat economic data. The U.S. National Association of Realtors said its pending home sales increased by 5.5% last month, which was far above economists’ forecast of a 2.4% increase.

Dollar

30/03/2017 11:18:24 AM | Posted in Commodities Reports read full news