Sell Crude oil rise on 3175-3185 target 3150-3135 stop loss at 3220 - Enrich Commodities

Crude Oil

Crude Oil on Tuesday 21th March 2017, Crude Oil April futures prices down by 50pts (1.55%) closed at 3168, trading range between 3165-3243.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $48.24 a barrel.

Crude prices fell on Tuesday before trimming the gains ami

22/03/2017 11:11:38 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by around 1 percent to close at $1244.5 per ounce as prices rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term U.S.

22/03/2017 11:04:31 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term U.S. interest rate hikes pushed the dollar lower.

The Fed's policy statement last Wednesday was less hawkish than expected, dampenin

22/03/2017 10:50:51 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged lower on Tuesday mainly on profit booking. The supplies have been lower due to lower prevailing prices. There is steady domestic as well as export demand at lower levels. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186

22/03/2017 10:27:00 AM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 123.6-126.8 - Kedia Commodity

Gold

Gold on MCX settled up 1.21% at 28851 fueled by a drop in the U.S. dollar as traders eyed the presidential race in France and the U.K. prepared its exit from the European Union. Gold prices were also underpinned by uncertainty over President Donald Trump's policy direction. Prices also seen supported after a strong debate performance from Fre

22/03/2017 10:07:47 AM | Posted in Commodities Reports read full news
Evening Update For 21st March 2017 - Angel Commodities

News and Analysis

* Strike at Escondida mine in Chile to ease soon.

* UK’s CPI gained 2.3 percent in Feb’17.

* LME Copper stocks plunged by 0.9 percent on Monday. 

 

European stocks are trading higher as centrist Emmanuel Macron was widely judged to have come out on top in the televised cont

21/03/2017 4:40:09 PM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3159-3269 - Kedia Commodity

Gold

Gold remained in range amid expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh on the dollar. The Fed will likely wait at least until a June policy meeting to decide whether to lift U.S. interest rates again, giving it time to digest economic and financial market data as well as any c

21/03/2017 11:43:47 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.4 percent to close at $1233.2 per ounce as prices edged higher to a two-week peak and the dollar slid to a six-week low after a G20 weekend summit dominated by the U.S. administration's protectionist stance.

The precious metal has been rising sin

21/03/2017 11:29:09 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade positive - Sushil Finance

Gold

Gold prices edged higher to a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the U.S. administration's protectionist stance.

The precious metal has been rising since Wednesday, when the dollar dropped after the Federal Reserve raised U.S. interest rates but stopped short of predic

21/03/2017 11:17:16 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 on Monday as supplies have been lower due to lower prevailing prices and good domestic as well as export demand. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA press r

21/03/2017 10:55:27 AM | Posted in Commodities Reports read full news
Sell Gold Below 28350 target 28250-28000 Stop loss at 28400 - Enrich Commodities

Gold

Gold on Monday 20th March 2017, Gold prices down by 4pts (0.01%) & closed at 28505 trading range between 28490-28599 and April Comex Gold futures closed at $1234.00, division of the New York Mercantile Exchange.

Gold prices managed to hold last week’s gains on Monday as the dollar retreated against a basket of currencies, while

21/03/2017 10:08:07 AM | Posted in Commodities Reports read full news
Sell Crude oil Rise on 3235-3240 target 3200-3180 stop loss at 3266 - Enrich Commodities

Crude Oil

Crude Oil on Monday 20th March 2017, Crude Oil March futures prices down by 27pts (0.83%) closed at 3218, trading range between 3185-3240.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $48.91 a barrel.

Crude prices kept falling on Monday on ongoing selling press

21/03/2017 10:02:03 AM | Posted in Commodities Reports read full news
Evening Update For 20th March 2017 - Angel Commodities

News and Analysis

* G20 stayed away from free trade policy in the meeting.

* Euro zone recorded a trade deficit for the first time in three years in Jan’17.

* LME Copper stocks fell by 1.4 percent on Friday.

 

European stocks are trading lower as G20 ministers set aside a pledge to avoid protectionism,

20/03/2017 5:07:36 PM | Posted in Commodities Reports read full news
We expect MCX March contract to trade higher - Angel Commodities

Soybean

* Soybean futures closed higher last week due to bargain buying and good physical demand as supplies have been lower. The most-active Apr’17 delivery contract closed 0.40 % higher to settle at Rs. 2,884 per quintal.

* The arrivals down drastically during last week (Mar 13-18) to 33, 812 tonnes Vs 79,194 tonnes in the previous we

20/03/2017 3:30:37 PM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold rose on Friday and was on course for its first weekly gain in three as the U.S. Federal Reserve's cautious message on interest rates left the dollar around five-week lows, making bullion cheaper those holding other currencies.

The Fed raised U.S. rates on Wednesday, as expected, but its earlier forecast of three rate increases

20/03/2017 11:42:45 AM | Posted in Commodities Reports read full news
We expect Crude oil prices to trade lower today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices traded higher by 2 percent, to close at $1228.4/oz, while MCX gold prices rose by 0.5 percent at Rs.28509 per 10 gms.

The U.S. Federal Reserve called for gradual monetary tightening after raising interest rates by an expected 25 basis points for the second t

20/03/2017 11:18:55 AM | Posted in Commodities Reports read full news
Buy Gold above 28550 Target 28650-28750 Stop loss 28400 - Enrich Commodities

GOLD

On Friday 17th March 2017, Gold prices rose up by 98pts (0.34%) and closed at 28509. Trading range was between 28390 -28530. April Comex Gold futures closed at $1229.00, division of the New York Mercantile Exchange.

It is interesting to note that, for the third straight session, Gold raised heading for a weekly rise after preceded by two

20/03/2017 11:03:04 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28336-28616. - Kedia Commodity

Gold

Gold on MCX settled up 0.34% at 28509 as the U.S. Federal Reserve's cautious message on interest rates left the dollar around five-week lows, making bullion cheaper those holding other currencies. The Fed raised U.S. rates, as expected, but its earlier forecast of three rate increases this year remained unchanged, disappointing some investors

20/03/2017 10:43:42 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 rose by 0.6 percent to close at $1226.4 per ounce and hit a one-week high on Thursday after the U.S. Federal Reserve signaled a cautious stance on interest rate policy this year, pushing the dollar to its lowest in a month.

The Fed on Wednesday raised intere

17/03/2017 11:32:08 AM | Posted in Commodities Reports read full news
Crude oil trading range for the day is 3130-3276 - Kedia Commodity

Gold

Gold on MCX settled up 1.52% at 28411 after the U.S. central bank signalled only gradual rate tightening and the dollar slid to its lowest in five weeks. The dollar index hit a five-week low on Thursday after the Fed raised U.S. interest rates as expected, but did not flag any plans to accelerate the pace of monetary tightening as some had anticip

17/03/2017 11:20:22 AM | Posted in Commodities Reports read full news