Evening Update For 2nd February 2017 - Angel Commodities

News and Analysis

* Fed keeps rates unchanged; but optimistic on economy.

* LME Copper stocks down by 0.5 percent on Wednesday.

* UK’s Construction PMI fell to 52.2 in Jan’17.

European stocks are trading on a mixed note owing to disappointing earnings results. Asian markets are trading mixed and the US stock f

Gold prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined marginally as the dollar recovered from over 7-week lows and traders waited to see if the U.S. Federal Reserve will keep its interest rates unchanged amid uncertainty over the policies of President Donald Trump.

Also, gold prices came under press

2/02/2017 10:57:18 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28357-29129 - Kedia

Gold

Gold on MCX settled down -0.38% at 28682 as the dollar strengthened ahead of an interest rate decision by Fed which is expected to provide clues on monetary policy this year. The Fed kept interest rates unchanged on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy

2/02/2017 10:37:33 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways to higher - Angel Commodities

Soybean

Soybean futures recover from the lower levels on Wednesday but the gain was limited due to sufficient supplies in the physical market. The supplies in the physical market is continue to be adequate as production during kharif is higher by more than 57% this season compared to last year. The bulk buyers and oil millers are quite active at lower

2/02/2017 10:26:37 AM | Posted in Commodities Reports read full news
Buy Crude Oil @ 3570 Target 3650 - Sushil Finance

Gold

Gold gave up some of its losses on Wednesday as the dollar pared gains after the U.S. Federal Reserve held interest rates unchanged at its first meeting since President Donald Trump's inauguration.

In a statement following its two-day meeting, the Fed painted a relatively upbeat picture of the U.S. economy that suggested it was on tr

2/02/2017 10:20:02 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3640 Target 3666-3700 Stop loss 3615 - Enrich Commodities

CRUDEOIL

Crude Oil on Wednesday 1st Feb 2017, Crude Oil Feb futures prices down to 29pts (-0.80%) closed at 3585 trading range between 3568-3628.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.88 a barrel.

Crude oil prices on Wednesday despite a larger than expected bu

Buy Gold April future above 29850 Target 28950-29100 Stop loss 28750 - Enrich Commodities

GOLD

Gold on Wednesday 1st Feb 2017, Gold prices down by 72 pts (-0.25%) & closed at 28870 trading range between 28800-29105 and April Comex Gold futures closed at $1208.30, division of the New York Mercantile Exchange. Gold prices edged lower following the stronger than expected U.S. ADP private payroll report which pushed yields higher and buoyin

Evening Update For 1st February 2017 - Angel Commodities

News and Analysis

 Workers at Chile’s Escondida mine to go on strike in 48 hours.

 LME Copper stocks down by 0.2 percent on Friday.

 UK’s Manufacturing PMI fell to 55.9 in Jan’17.

European stocks and major Asian markets are trading positive citing positive manufacturing data from China. The US s

Silver trading range for the day is 41190-42350 - Kedia

Gold

Gold on MCX settled up 1% at 28792 surged in yesterday's session in the line of expectation as stocks tumbled for second straight session supported gold prices. It was the biggest monthly gain for gold since June. Gold's safe haven appeal has been in effect as markets have grown anxious about the Trump administration's immigration and

1/02/2017 11:31:39 AM | Posted in Commodities Reports read full news
Buy Gold April future above 29800 target 28850-28900 Stop loss 28750 - Enrich Commodities

GOLD

Gold on Tuesday 31th Jan 2017, Gold prices up by 418 pts (1.47%) & closed at 28942 trading range between 28570-28990 and April Comex Gold futures closed at $1211.40, division of the New York Mercantile Exchange.

On Tuesday, earlier, gold prices were sharply higher in North American morning trade, extending overnight gains as the doll

1/02/2017 11:17:57 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 1.3 percent to close at $1210.5 per ounce buoyed by safe-haven demand after U.S. President Donald Trump rattled global markets with his tough stance on immigration.

A weaker dollar also supported bullion, while traders were turning their attention to

1/02/2017 10:42:25 AM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways to higher - Angel Commodities

Soybean

Soybean futures recover from the lower levels yesterday but the gain was capped by good supplies in the physical market. The supplies in the physical market is continue to be adequate as production during kharif is higher by more than 57% this season compared to last year. The bulk buyers and oil millers are quite active at lower levels keeping

1/02/2017 10:31:30 AM | Posted in Commodities Reports read full news
Buy Crude Oil @ 3590 Target 3660 - Sushil Finance

Gold

Gold jumped to a one-week high on Tuesday as unnerved investors bought bullion after the dollar was hit by U.S. President Donald Trump's comments on currency devaluation by other countries.

The greenback was already weaker after Trump sacked top U.S. government lawyer Sally Yates, who refused to defend his curbs on travel targeting s

1/02/2017 10:13:21 AM | Posted in Commodities Reports read full news
Sell Crude Oil Below at 3535 target 3505 – 3480 Stop loss 3555 - Enrich Commodities

CRUDEOIL

Crude Oil on Tuesday 31st Jan 2017, Crude Oil Feb futures prices up to 33pts (0.92%) closed at 3614 trading range between 3553-3622.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $52.81 a barrel.

The American Petroleum Institute (API) said late Tuesday that crude

1/02/2017 10:00:24 AM | Posted in Commodities Reports read full news
Evening Update For 31st January 2017 - Angel Commodities

News and Analysis

* FOMC meeting this week the key for global markets.

* Non-farm payrolls data on Friday will create further volatility

European stocks are trading lower as US President Trump’s order halting immigration from seven predominantly Muslim nations was condemned by investors across the globe. Asian markets are tra

31/01/2017 4:58:46 PM | Posted in Commodities Reports read full news
Sell Crude Oil below 3565 Target 3540-3500 Stop loss 3590 - Enrich Commodities

CRUDEOIL

Crude Oil on Friday 27th Jan 2017, Crude Oil Feb futures prices down to 27pts (-0.75%) closed at 3581 trading range between 3641-3565.On the New York, Mercantile Exchange, Crude oil for March delivery on the New York Mercantile Exchange to settle at $52.63 a barrel.

There is a serious oversupply concern, even though OPEC had a recent

31/01/2017 11:41:28 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Soybean

Soybean futures closed lower on Monday on good supplies and higher demand at lower prices. The supplies in the physical market is continue to be adequate as production during kharif is higher by more than 57% this season compared to last year. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices.

31/01/2017 10:41:21 AM | Posted in Commodities Reports read full news
Buy Gold Dips on 28570 target 28650-28720 stop loss 28500 - Enrich Commodities

GOLD

Gold on Friday 27th Jan 2017, Gold prices down by 171 pts (0.60%) & closed at 28524 trading range between 28336-28560 and April Comex Gold futures closed lower for the week at $1196.00, division of the New York Mercantile Exchange.

Gold gained in the U.S. on Monday with a weaker dollar and with concerns over a travel ban to the U.S.

31/01/2017 10:30:38 AM | Posted in Commodities Reports read full news
Sell Crude Oil @ 3600 Target 3520 - Sushil Finance

Gold

Gold rose on Monday as political uncertainty created by U.S. President Donald Trump's move to ban people from seven Muslim-majority countries, and by elections in Europe, supported prices.

Traders reported subdued activity because of the Lunar New Year holiday in many Asian countries and some nervousness before the Federal Reserve

31/01/2017 10:24:19 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 0.31 percent to close at $1195 per ounce as political uncertainty created by U.S. President Donald Trump's move to ban people from seven Muslim-majority countries, and by elections in Europe, supported prices.

Traders reported subdued activity bec

31/01/2017 10:09:45 AM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3520-3672 - Kedia

Gold

Gold on MCX settled up 0.6% at 28524 rose for the first time in a week as the dollar weakened and stocks sold off following an executive order by President Trump to impose a temporary ban on citizens from several majority-Muslim countries. On the U.S. economic front, the Commerce Department released a report showing that personal income increased

31/01/2017 9:58:54 AM | Posted in Commodities Reports read full news