Evening Update For 23rd June 2017 - Angel Commodities

News and Analysis

* Copper market shifts to 5000 tonnes deficit in Mar’17 - ICSG.

* German Flash Manufacturing PMI fell to 59.3 in Mar’17.

* LME Copper stocks down by 0.8 percent on Thursday.

European markets are trading lower today as weakness in crude oil prices hurt global risk appetite. Asian markets are t

23/06/2017 5:34:11 PM | Posted in Commodities Reports read full news
Natural gas prices traded lower - Alpha Commodity

Bullion

* Gold silver prices traded volatile with mixed factors in play. Prices traded steady on UK election uncertainty and ECB policy. The dollar index witnessed marginal recovery pressuring the bullion to trade lower. Gold ETF holdings rose to 866.998 tonnes with recent rise in prices.

* Prices are expected to trade lower with FOMC meeting speculation as the FED is expect

23/06/2017 2:39:05 PM | Posted in Commodities Reports read full news
Sell Crude oil on Rise 2810-2820 Target 2760-2700 stop loss at 2838 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 22nd June 2017, Crude Oil June futures prices Up by 35 pts (%) closed at 2776, trading range between 2738 -2813 on the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $42.74 a barrel.

Oil prices have fallen about 20 percent this year despite an eff

23/06/2017 12:34:05 PM | Posted in Commodities Reports read full news
Buy Gold on Dips around 28640-60 Target 28800-28900 Stop loss at 28585 - Enrich Commodities

GOLD

Gold on Thursday 22nd June 2017, Gold prices Up by 64 pts closed at 28644 trading range between 28620-28749 and June Comex Gold futures closed at division of the New York Mercantile Exchange.

Gold held gains in Asia on Friday on safe-have demand from China as borrowing by some major private firms to buy assets overseas comes under the sc

23/06/2017 12:29:13 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, gold prices closed higher by 0.2 percent at $1249.8 per ounce recovered after touching $1241/oz, level last seen in May’17, supported by weaker dollar along with sharp plunge in global equities.

Earlier, prices lost momentum after a string of hawkish comments by Fed m

23/06/2017 11:04:27 AM | Posted in Commodities Reports read full news
Silver trading range for the day is 37851-38717 - Kedia Commodity Ltd

Gold

On MCX settled up 0.18% at 28629 on short covering moving prices further away from their lowest level in around five weeks as recent selling pressure tied to bets on another US interest rate hike this year faded. Investors continued to evaluate the possibility of another rate hike from the Fed later this year in the wake of mixed messages from po

23/06/2017 11:03:27 AM | Posted in Commodities Reports read full news
We expect gold prices to trade sideways - Sushil Finance

Gold

Gold rose on Thursday, rising quietly above the prior session's five-week low as the dollar steadied and the 200-day moving average provided short-term support below the market.

World stock markets edged higher, buoyed by a modest rebound in oil prices after the commodity hit 10-month lows, while the U.S. yield curve managed to stall

23/06/2017 10:19:32 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures trading in a range and closed little down on Thursday, despite slow progress of soybean planting and lower arrivals in physical markets. Weak physical demand and reports of monsoon rains may cover soybean belt in MP, Maharashtra and Rajasthan in coming weeks. The p

23/06/2017 9:50:53 AM | Posted in Commodities Reports read full news
Evening Update For 22nd June 2017 - Angel Commodities

News and Analysis

* US crude oil prices languish near nine month lows.

* Fed member Harker advocated a "pause" on rate hikes.

* LME Copper stocks down by 1 percent on Wednesday.

European markets are trading lower today as sharp plunge in crude oil prices hurt global risk appetite. Asian markets are trading mixed

22/06/2017 5:43:24 PM | Posted in Commodities Reports read full news
Gold trading range for the day is 28367-28739 - Kedia Commodity

GOLD Market Commentary

Gold on MCX settled up 0.18% at 28577 prices paused after a recent downtrend gained in yesterday session marginally but still holding near 5-week lows in the absence of market-moving economic data. The dollar wobbled a bit in yesterday’s session, allowing gold to find its footing. Gold's safe haven value was also booste

22/06/2017 2:41:05 PM | Posted in Commodities Reports read full news
Cotton futures are expected trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures fell nearly 1% on weak physical demand and reports of monsoon rains to cover soybean belt in MP. As per the government weekly sowing data, area under soybean crop across the country for the 2017-18 kharif was at 45,000 ha till last week, down 55.4% on year. Earli

22/06/2017 12:14:55 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, gold prices closed higher by 0.3 percent at $1246.1 per ounce recovered after touching $1241/oz, level last seen in May’17, supported by weaker dollar along with sharp plunge in global equities.

Earlier, prices lost momentum after a string of hawkish comments by Fed

22/06/2017 12:02:24 PM | Posted in Commodities Reports read full news
Menthaoil trading range for the day is 908.3-939.7 - Kedia Commodity

Gold

Gold on MCX settled up 0.18% at 28577 prices paused after a recent downtrend gained in yesterday session marginally but still holding near 5-week lows in the absence of market-moving economic data. The dollar wobbled a bit in yesterday’s session, allowing gold to find its footing. Gold's safe haven value was also boosted by signs that m

22/06/2017 11:49:41 AM | Posted in Commodities Reports read full news
Sell Crude oil on Rise 2770-2785 Target 2740-2700-2650 stop loss at 2810 - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 21st June 2017, Crude Oil June futures prices down by 73 pts (-2.56%) closed at 2741, trading range between 2732-2866 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $42.53 a barrel.

Oil prices lost around 2% on Tuesday, falling into bear m

22/06/2017 11:30:51 AM | Posted in Commodities Reports read full news
Buy Gold Rise Dips on 28640-28600 Target 28750-28850 Stop loss at 28550 - Enrich Commodities

GOLD

Gold on Wednesday 21st June 2017, Gold prices Up by 51 pts closed at 28577 trading range between 28448-28634 and June Comex Gold futures closed at $1245.8 division of the New York Mercantile Exchange.

Overnight, gold prices traded above breakeven on Wednesday, as the dollar faded despite data showing that U.S. existing home sales unexpec

22/06/2017 11:24:27 AM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold rebounded on Wednesday from a five-week low as an oil price slump pushed down stock markets and a weaker U.S. dollar made bullion cheaper for holders of other currencies.

Gold is highly sensitive to rising rates and yields, which lift the opportunity cost of holding non-yielding assets such as bullion while boosting the dollar, in w

22/06/2017 10:29:21 AM | Posted in Commodities Reports read full news
Evening Update For 21st June 2017 - Angel Commodities

News and Analysis

*  US crude oil prices languish near nine month lows.

*  Fed member Eric Rosengren adds to the hawkish stance.

*  LME Copper stocks down by 1.1 percent on Tuesday.

European markets are trading lower today following sharp plunge in crude oil prices to multi month lows. Asian markets are trad

21/06/2017 5:28:25 PM | Posted in Commodities Reports read full news
Cotton prices in spot market dropped by 130.00 rupees and settled at 20280.00 rupees - Kedia Commodity

Gold

On MCX settled down -0.06% at 28526 traded in the range but sentiments remain weak as comments from Federal Reserve officials raised expectations for further increases in interest rates this year. Overnight, gold prices remained subdued as the dollar continued to advance amid rising expectations that the Federal Reserve would hike interest rate by

21/06/2017 12:43:46 PM | Posted in Commodities Reports read full news
Sell Gold Rise on 28650 Target 28600-28550 Stop loss at 28690 - Enrich Commodities

GOLD

Gold on Tuesday 20th June 2017, Gold prices down by -16 pts closed at 28526 trading range between 28487-28599 and June Comex Gold futures closed at $1243.5 division of the New York Mercantile Exchange.

Overnight, gold prices remained subdued on Tuesday, as the dollar continued to advance amid rising expectations that the Federal Reserve

21/06/2017 12:22:26 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 2800-2810 Target 2825-2850 Maintain strict Stop loss at 2789 - Enrich Commodities

CRUDEOIL

Crude Oil on Tuesday 20th June 2017, Crude Oil June futures prices down by 83 pts (-2.87%) closed at 28, trading range between 2791-2892 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $43.51 a barrel.

Overnight, crude futures settled at a seven-month low on Tuesd

21/06/2017 12:15:38 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Gold

On Tuesday, gold prices closed flat at $1242.8 per ounce although a minor recovery was witnessed during the day. Prices lost momentum after a string of hawkish comments by Fed members.

Latest comments by Boston Fed President Eric Rosengren on Tuesday that low interest rates do pose financial stability concerns that central bankers and th

21/06/2017 11:42:02 AM | Posted in Commodities Reports read full news