Sell MCX Natural Gas December between 235 – 237, Stoploss– 242, Target – 224/ 222 - Angel Commodities

MCX GOLD

MCX Gold Feb as seen in the weekly chart above has opened the week with gap down at 27,500 levels and at the starting of the week prices have made a weekly high of 27,685 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply towards new contract low of 26,901 levels. At the last trading session of

19/12/2016 11:20:14 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined by 2.1 percent to close at $1134 per ounce extending losses for third consecutive week, while MCX gold prices declined by around 1.5 percent in the same time frame.

Prices traded to a 10-1/2-month low on after the Federal Reserve sounded an unexpected

19/12/2016 10:37:46 AM | Posted in Commodities Reports read full news
We expect mustard seed to trade sideways - Angel Commodities

Sugar

Sugar Futures fell on Friday on reports of higher sugar production figures by ISMA for the current sugar season. The lower production of sugar in Maharashtra has been compensated by two fold increase in Uttar Pradesh production. On weekly basis the prices have been increased due to reports of lower production in Maharashtra. The most-active Marc

19/12/2016 10:19:46 AM | Posted in Commodities Reports read full news
Buy Gold @ 27050 Target 27400 - Sushil Finance

Gold

Gold rose on Friday, climbing above the prior session's 10-1/2 month low, as the dollar and U.S. stocks dipped at the end of a volatile week highlighted by the Federal Reserve's signal that there could be more rate hikes than previously expected in 2017.

Gold prices rose to session highs after U.S. officials told Reuters that a C

19/12/2016 10:09:54 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 26840-27428 - Kedia

Gold

Gold on MCX settled up 0.54% at 27164 as the dollar and U.S. stocks dipped at the end of a volatile week highlighted by the Federal Reserve's signal that there could be more rate hikes than previously expected in 2017. Prices also got boost following word of renewed tension in the South China Sea after word China seized an American underwater

19/12/2016 9:50:13 AM | Posted in Commodities Reports read full news
Sell Zinc Mini January @ 187.80 Stoploss Above 205.80 Target 166.50-154 - Kedia

Zinc

Zinc on MCX settled up 0.5% at 189.95 recovered from the day's low while Zinc prices continue to consolidate after the rapid gains in the second half of November, when prices spiked up to 204.45, basis three months. Having pulled back, strong underlying support has been found along the 18DMA. Support also seen as sentiments boosted by new infr

16/12/2016 5:53:42 PM | Posted in Commodities Reports read full news
Evening Update For 16th December 2016 - Angel Commodities

News and Analysis

* Fed hikes rates; expects three more in 2017.

* Euro Zone’s Final CPI stable at 0.6 percent in Nov’16.

* LME Copper stocks up by 4 percent on Thursday.

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

16/12/2016 5:05:28 PM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Sugar

Sugar Futures fell on Thursday due to profit booking from higher levels as market is expecting production estimate by the mills till 15th Dec. However, there is good steady demand from the market participants on reports of slowing production due to cane scarcity in Maharashtra. The most-active March sugar contract closed 0.52% lower to settle at

16/12/2016 11:14:49 AM | Posted in Commodities Reports read full news
MCX Gold may corrected sharply - Angel Commodities

NCDEX CORIANDER JAN

Today NCDEX coriander jan opened with gap down at 7691 levels and during the day it corrected sharply and made a intraday low of 7512 levels. During the day open and high were the same levels. Today prices have closed almost 2.98% lower and finally closed at 7512 levels. As per the candlestick pattern prices have formed big bearish

16/12/2016 11:08:36 AM | Posted in Commodities Reports read full news
Zinc trading range for the day is 181.5-196.5 - Kedia

Gold

Gold settled down by -2.06% at 27019 as the Federal Reserve said it may need to hike rates three times in 2017 as it made a widely expected nudge up in its policy rate. The Federal Reserve interest rate hike and provided guidance of as many as three increases next year, with investors focused on plans by President-elect Donald Trump to cut taxes

16/12/2016 10:36:35 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 1.4 percent to close at $1128.3 per ounce to a 10-1/2-month low on after the Federal Reserve sounded an unexpectedly hawkish note on U.S. interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.

Lifting the fe

16/12/2016 10:27:09 AM | Posted in Commodities Reports read full news
Sell Silver @ 39500 Target 38700 - Sushil Finance

Gold

Gold fell more than 1 percent to a 10-1/2-month low on Thursday after the Federal Reserve sounded an unexpectedly hawkish note on U.S. interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.

Lifting the federal funds rate to a 0.50-0.75 percent range on Wednesday, the U.S. central bank flagged a fast

16/12/2016 10:03:11 AM | Posted in Commodities Reports read full news
Evening Update For 15th December 2016 - Angel Commodities

News and Analysis

* Fed hikes rates; expects three more in 2017.

* China's Industrial production turns up higher than expected in Nov’16.

* LME Copper stocks up by 6.2 percent on Wednesday. European markets are trading higher despite weakness in global equities after the Fed sounded more hawkish than anticipated. Asian mar

15/12/2016 4:52:33 PM | Posted in Commodities Reports read full news
FED'S Yellen Update - Kedia

•    Fed's Yellen says rate hike is a reflection of confidence in economic progress, a vote of confidence in US economy.

•    Fed's Yellen says Fed making progress toward inflation, job goals; US has a strong labor market and a resilient economy.

•    Fed's Yellen says [FOMC] wants inflation to rise to 2

15/12/2016 11:06:32 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined by 1.2 percent to close at $1144.1 per ounce as prices tapped the lowest in more than 10 months, after the Federal Reserve raised U.S. interest rates by a quarter point and signaled a faster pace of increases next year, causing the U.S. dollar to rally.

15/12/2016 10:49:04 AM | Posted in Commodities Reports read full news
Sell Gold @ 27600 Target 27350 - Sushil Finance

Gold

Gold turned lower and tapped the lowest in more than 10 months on Wednesday, after the Federal Reserve raised U.S. interest rates by a quarter point and signaled a faster pace of increases next year, causing the U.S. dollar to rally.

The Fed ended its two-day meeting with a statement that was more hawkish than expected in the wake of a s

15/12/2016 10:33:51 AM | 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 due to good demand from the market participants on reports of slowing production due to cane scarcity in Maharashtra. The most-active March sugar contract closed 0.71% higher to settle at 3,681 per quintal

Sugar production in India has increased marginally this season due to early crushing in st

15/12/2016 10:10:56 AM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3438-3604 - Kedia

Gold

Gold settled up by 0.19% at 27587 on a weaker dollar and as markets waited for the outcome of the U.S. Federal Reserve's policy meeting. Data prior to the Fed statement showed U.S. retail sales barely rose in November, while U.S. industrial production fell more than expected. U.S. retail sales barely rose in November and industrial production

15/12/2016 10:00:14 AM | Posted in Commodities Reports read full news
We expect cotton prices for December delivery to trade lower - Angel Commodities

Soybean

* Soybean futures closed lower last week on anticipation of increase in supplies in December and January. There is an expectation that the arrivals of soybean in the domestic market keeping the supplies more than the demand.

* The most-active Jan’17 delivery contract closed 2.68% lower to settle at Rs. 3,054 per quintal.

14/12/2016 5:05:56 PM | Posted in Commodities Reports read full news
Evening Update For 14th December 2016 - Angel Commodities

News and Analysis

* Markets focus on the upcoming FOMC statement.

* China's Industrial production turns up higher than expected in Nov’16.

* LME Copper stocks up by 7.7 percent on Tuesday.

European markets are trading lower ahead of the much anticipated FOMC statement. Asian markets are trading mixed and the US s

14/12/2016 4:51:08 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower - Angel Commodity

Bullion

Gold

On Tuesday, spot gold prices declined by 0.4 percent to close at $1158 per ouce losing its luster as the Federal Reserve began its twoday meeting during which it is expected to deliver the second U.S. interest rate hike in a decade and provide some insight into its outlook for 2017.

Ma

14/12/2016 10:28:52 AM | Posted in Commodities Reports read full news