Evening Update For 3rd June 2017 - Angel Commodities

News and Analysis

* Chinese Caixin Manufacturing PMI rose to 50.4 in June’17.

* LME Copper inventories surged by a whopping 11.4 percent on Friday.

* US Revised UoM Consumer Sentiment rose to 95.1 in June’17.

European markets are trading higher today boosted by strength in the oil and mining shares. Asian marke

Buy ZINC ABV 179.60 ADD TILL 174 SL BELOW 168 TGT 188-198 - Kedia Commodity

Zinc

Zinc settled flat on profit booking but still prices ended with gains on weekly basis as supplies were still insufficient. China's factories grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, though analysts expect a further slowdown in the world's second-biggest economy is inev

Gold Prices wandered aimlessly - IIFL

Commodities

Gold Prices wandered aimlessly, as rising sovereign bond yields in Europe counterbalanced the bullish impact of a weaker US dollar. Relatively hawkish tone from ECB and BOE has taken the wind out of the bull’s sails as far as gold prices are concerned.

Base metals continue to trade on a firm note, helped by ferocious rally i

3/07/2017 12:28:23 PM | Posted in Commodities Reports read full news
We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined by 1.2 percent to close at $1241.2 per ounce on signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent support.

A

3/07/2017 11:38:37 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures closed last week higher by more than 1% on expectation of good physical buying due to good rally in edible oils. Moreover, lower pace in physical arrivals and lower sowing data compared to last year also support prices. As per Agmarknet data, arrivals of so

3/07/2017 11:26:20 AM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 6322-6598 - Kedia Commodity

Gold

Gold on MCX settled down -0.59% at 28439 as hints from leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the prices. Comex prices have fallen nearly 2 percent so far in June, and are down 0.4 percent on a quarterly basis. After a strong performance in the first quarter, they are still set

3/07/2017 11:04:55 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 2980-90 Target 3012-3050 Stop loss at 2962 - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 30th June 2017, Crude Oil June futures prices up by 50 pts (1.71%) closed at 2968, trading range between 2924-2972 and Crude oil for August delivery on the New York Mercantile Exchange to settle at $46.24 a barrel. Oil prices edged up on Monday, supported by the first fall in U.S. drilling activity in months, although risi

3/07/2017 10:45:04 AM | Posted in Commodities Reports read full news
We expect gold prices to trade sideways - Sushil Finance

Gold

Gold eased on Friday to stay on track for its first monthly loss this year, as hints from leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the non-interest bearing metal.

While it is still up nearly 8 percent in the first half, gold has stalled in the second quarter after a str

3/07/2017 10:29:00 AM | Posted in Commodities Reports read full news
Evening Update For 30th June 2017 - Angel Commodities

News and Analysis

* Chinese manufacturing PMI rose to 51.7 in June’17.

* LME Copper inventories surged 2.6 percent on Thursday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading lower today boosted by strength in the technology and consumer-related shares. Asian mar

30/06/2017 5:50:01 PM | Posted in Commodities Reports read full news
Rmseed trading range for the day is 3539-3603 - Kedia Commodity

Gold

Gold on MCX settled up 0.14% at 28608 recovered from the day's low while Comex Gold prices were slightly lower down by $3.30 to settle at $1,245.80/oz extending this week's run of directionless trading amid mixed signals on US. An important feature in the marketplace this week has been rising world government bond yields.

Earlie

30/06/2017 3:49:10 PM | Posted in Commodities Reports read full news
Gold prices have been moving lower - IIFL

Commodities


Gold prices have been moving lower despite a weaker US dollar, quite strange given that other commodities have benefitted from the currency induced movement. However, relatively hawkish remarks from various central bankers and rising sovereign bond yields seem to be a sore point for the gold bugs. After the series of fed rate hikes,

30/06/2017 1:34:34 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 2920-2910 Target 2950-2980 Stop loss at 2890 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 29th June 2017, Crude Oil June futures prices up by 26 pts (0.90%) closed at 2918, trading range between 2904-2946 on the New York, Mercantile Exchange, and Crude oil for August delivery on the New York Mercantile Exchange to settle at $44.93 a barrel. Crude oil futures on Thursday marked their biggest weekly gain since

30/06/2017 12:05:03 PM | Posted in Commodities Reports read full news
Sell Gold rise on 28580-28600 Target 28480-28400 Stop loss at 28650 - Enrich Commodities

GOLD

Gold on Thursday 30th June 2017, Gold prices up by 41 pts closed at 28608 trading range between 28431 - 28629 and August Comex Gold futures closed at $1245.80 division of the New York Mercantile Exchange.

Gold prices bent down with the outbreak of remarks from central banks bosses mentioning at narrowing ultra-loose monetary policy proce

30/06/2017 11:23:04 AM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold prices fell on Thursday as signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent support.

Gold is highly sensitive to rising interest rates, which increase the opportunity cost of holding non-yie

30/06/2017 11:16:45 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to lower - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures on closed lower on Thursday still trading in a range, due good sowing progress of soybean and higher arrivals in physical market despite strong move in soyoil prices. The current spot prices have been 24% lower as compared to last year. As per the governmen

30/06/2017 10:57:07 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined marginally by 0.29 percent to close at $1245.2 per ounce s signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent suppor

30/06/2017 10:04:45 AM | Posted in Commodities Reports read full news
Evening Update For 29th June 2017 - Angel Commodities

News and Analysis

* Hawkish comments BY BoE and ECB hurt DX.

* LME Copper inventories plunged by 2.2 percent on Wednesday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading lower today hurt by weakness in the domestic indices. Asian markets ended higher and the US stocks

29/06/2017 5:42:46 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 2880-90 Target 2915-2950 Stop loss at 2864 - Enrich Commodities

CRUDE OIL

The Crude oil prices are under the buying pressure as a result of the inventory reports which indicate that the demand has increased to some extent after a slow start to the U.S. summer driving season. I can view this as a fundamental factor for the increase in demand.

OPEC delegates have notified that they will not rush to cut crud

29/06/2017 11:16:18 AM | Posted in Commodities Reports read full news
Gold prices bounced off session lows - Enrich Commodities

GOLD

Gold prices bounced off session lows, buoyed a slump in the dollar as U.S. political uncertainty resurfaced, after the Senate’s decision to delay a vote on a healthcare bill raised fresh doubts about President Trump’s ability to deliver on his pro-growth economic agenda.

President Donald Trump has reiterated several times tha

29/06/2017 11:08:55 AM | Posted in Commodities Reports read full news
Gold prices hovered around US$1,250/oz mark - IIFL

Commodities

Gold  prices hovered around US$1,250/oz mark, helped by weakness in US dollar against basket of currencies .However, growing  indications that days of monetary stimulus from ECB and BOE are numbered, has posed as a ceiling for gold prices. Meanwhile markets failed to derive anything from the recent remarks made by US  Fed Chi

29/06/2017 10:45:34 AM | Posted in Commodities Reports read full news