We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures recovers about 0.77% on Thursday from the lower levels for the most active contract on short covering and open interest declines by 6480 tonnes. The market still looks weak on ample available stocks in the country. As per Agmarknet, arrivals of soybean during Apr

5/05/2017 10:58:34 AM | Posted in Commodities Reports read full news
Evening Update For 4th May 2017 - Angel Commodities

News and Analysis

* Fed maintains status quo in its May’17 meeting.

* UK Services PMI rose to 55.8-mark in May’17.

* LME Copper stocks jumped by 11.6 percent on Wednesday

European markets are trading higher buoyed by strong earnings results. Asian markets are trading mixed and the US stocks futures are trading

Crude oil futures traded lower - Alpha Commodity

Bullion

* Gold silver prices traded lower on Fed optimism, the stronger dollar pushed prices to trade lower post FOMC decision. Prices have witnessed slight recovery from yesterday’s fall as the FED decision was widely discounted. Markets will wait for further clarity on Friday’s Non-Farm payroll data.

* We expect gold silver pric

Gold trading range for the day is 28299-28683 - Kedia Commodity

Gold

Gold on MCX settled down -0.38% at 28472 as the dollar firmed and the market reduced expectations of a surprise win by France's far-right presidential candidate. The Fed concluded its two-day meeting with a bullish statement that downplayed weak first-quarter economic growth, said inflation has been "running close" to its target, an

4/05/2017 11:54:18 AM | Posted in Commodities Reports read full news
We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined by 1.5 percent to close at $1238 per ounce as the dollar firmed on Wednesday, after the U.S. Federal Reserve kept interest rates unchanged as expected and the market reduced expectations of a surprise win by France's far-right presidential candidate.

4/05/2017 11:19:12 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures closed 1.8% down on Wednesday as market participants continue to liquidate their buying positions on anticipation of ample available stocks in the country. As per Agmarknet, arrivals of soybean during Apr 2017 is 2.82 lakh tonnes, higher by 20% compared to last ye

4/05/2017 10:46:32 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade - Sushil Finance

Gold

Gold fell to a one-month low as the dollar firmed on Wednesday, after the U.S. Federal Reserve kept interest rates unchanged as expected and the market reduced expectations of a surprise win by France's far-right presidential candidate.

The Fed concluded its two-day meeting with a bullish statement that downplayed weak first-quarter

4/05/2017 10:34:41 AM | Posted in Commodities Reports read full news
We expect gold silver prices to trade sideways - Alpha Commodity

Bullion

* Gold silver prices traded lower on stronger dollar on improved market sentiment after US policy makers passed spending bill to avoid Govt. shutdown. The speculation over FOMC is also pressuring bullion prices. Gold ETF declined to 853.36 tonnes indicating shift towards riskier assets.

* We expect gold silver prices to trade sideways

Evening Update For 3rd May 2017 - Angel Commodities

News and Analysis

* FOMC statement due tonight at 11:30 pm IST.

* China’s manufacturing PMI fell to 7 month low in April’17.

* LME Copper stocks jumped by 12.3 percent on Tuesday.

European markets are trading lower ahead of the FOMC Statement due tonight. Asian markets are trading mixed and the US stocks futur

Cardamom trading range for the day is 1002.8-1020.8 - Kedia Commodity

Gold

Gold on MCX settled down -0.25% at 28582 tracking weakness from Comex Gold prices was down 0.2 percent to settled at $1254.01 an ounce having earlier hit $1,251.37 an ounce, the lowest since April 10 to a new three-week low, bringing losses since the start of the week to more than one percent, as demand for riskier assets drove stocks higher and

We expect Copper prices are currently trading lower - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose marginally by 0.04 percent to close at $1256.8 per ounce prices fell to a three-week low on Tuesday, as demand for riskier assets drove stocks higher and the dollar hit a sixweek peak against the yen.

Gold fell 0.9 percent on Monday after U.S. lawmakers

3/05/2017 12:03:25 PM | Posted in Commodities Reports read full news
Buy Crude oil Dips On around 3080-3070 Target 3100-3130 stop loss at 3050 - Enrich Commodities

CRUDEOIL

Crude Oil on Tuesday May 2017, Crude Oil May month futures prices down by -55 pts (-1.75) closed at 3087, Crude Prices May month contract trading range between 3057-3172 on the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $47.66 a barrel.

U.S. crude inventories fell a more

3/05/2017 10:30:58 AM | Posted in Commodities Reports read full news
Evening Update For 2nd May 2017 - Angel Commodities

News and Analysis

* FOMC statement to be released on 3rd May’17.

* China’s manufacturing PMI fell to 7 month low in April.

* LME Copper stocks plunged by 2.3 percent on Friday.

 

European markets are trading higher largely thanks to strong corporate earnings results. Asian markets are trading mi

We expect NCDEX May contract to trade higher - Angel Commodities

Jeera

* Jeera May futures closed higher last week, its fourth weekly jump in last six weeks, on reports of lower than expected production and anticipation of better export prospects in coming months.

* The stock position of jeera at NCDEX ware house is only 964 tonnes as on 1st May 2017, which was about 3364 tonnes last year. This indicates g

Sell MCX Crude Oil May between 3220 – 3230 - Angel Commodities

MCX GOLD June (CMP – 28,873 / $ 1262)

MCX Gold June as seen in the weekly chart above has opened the week with gap down at 29,250 levels and during this week open and high were the same levels. During this week price have corrected sharply and made a weekly low of 28660 levels. This week prices have closed below the previous week’s closing

Sell Crude Oil Rise On at 3145-3155 Target 3125-3100 Stop loss at 3176 - Enrich Commodities

CRUDEOIL

Crude Oil on Monday May 2017, Crude Oil May month futures prices down by -32 pts (-1.01%) closed at 3142, Crude Prices May month contract trading range between 3132-3173 on the New York, Mercantile Exchange, Crude Oil for May delivery on the New York Mercantile Exchange to settle at $48.84 a barrel.

Crude prices fell on Monday amid r