Crude oil prices will trade lower - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined marginally by 0.15 percent to close at $1224.7 per ounce as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes this year and Treasury yields firmed.

The metal remained hemmed into

7/07/2017 10:13:00 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures closed higher on Thursday on short covering by market participants as they move to far month contracts. Investors are little bullish as Irregular monsoon and low price realization to farmers in the last season may dampen sowing prospects for soybean in the

Evening Update For 6th July 2017 - Angel Commodities

News and Analysis

* US Nonfarm payrolls data due tomorrow.

* LME Copper inventories fell 0.4 percent on Wednesday.

* UK’s construction PMI jumped to 54.8 in June’17.

European markets are trading lower today ahead of ECB Monetary Policy Meeting Accounts. Asian markets ended lower and the US stocks futures are t

Sugar futures may trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures closed lower on Wednesday due to long liquidation by market participants at higher prices. The fall is in anticipation that the acreage may improve in coming weeks due to good rains in soybean cultivating states. As per Agmarknet data, arrivals of soybean

6/07/2017 12:11:44 PM | Posted in Commodities Reports read full news
Cotton trading range for the day is 19790-20050 - Kedia Commodity

Gold

Gold on MCX settled down -0.03% at 28107 but bounced off from the session lows after both the dollar and US 10-Year eased, following the release of downbeat economic data, fueling concerns about the pace of US economic growth. As expected, policy members are leaning toward starting their balance sheet reduction plan in September, likely followed

6/07/2017 12:03:18 PM | Posted in Commodities Reports read full news
Gold prices seem to be deprived of any impetus despite ratcheting geopolitical tensions - IIFL

Commodities 

Gold prices seem to be deprived of any impetus despite ratcheting geopolitical tensions. Meanwhile, minutes of US Fed’s June meeting did not have much impact on prices. In this regard, Fed officials were divided on inflation outlook and the pace at which the US$4.5 trillion balance sheet should be trimmed. Several policymakers w

6/07/2017 11:08:46 AM | Posted in Commodities Reports read full news
Crude Oil market movement trading in sideways trend - Enrich Commodities

CRUDE OIL

Crude Oil on Wednesday 5th July 2017, Crude Oil July futures prices down by (-130) pts (-4.24%) closed at 2938, trading range between 2931 – 3067. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.13 a barrel.

We could notice on Wednesday, the Oil prices receded almost 4% putting an end to their

6/07/2017 10:57:13 AM | Posted in Commodities Reports read full news
Gold prices earlier moved fresh low - Enrich Commodities

GOLD

Gold on Wednesday 5th July 2017, Gold prices down by 8 pts closed at 28107 trading range between 28005 - 28191 and August Comex Gold futures settled at $1221.70 division of the New York Mercantile Exchange.

At the forefront to the release of Federal Reserve’s minutes from its June meeting, Gold has moved to optimistic terrain benef

6/07/2017 10:50:33 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade sideways - Sushil Finance

Gold

Gold steadied on Wednesday, after Federal Reserve minutes showed a growing split among policymakers on the inflation outlook and the dollar pared gains, lifting the precious metal above an eight-week low reached earlier in the session.

The minutes showed the central bank was split on how inflation might affect the future pace of interes

6/07/2017 10:41:01 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 rose marginally by 0.23 percent to close at $1226.5 per ounce after Federal Reserve minutes showed a growing split among policymakers on the inflation outlook and the dollar pared gains, lifting the precious metal above an eight-week low reached earlier in the sess

6/07/2017 10:18:18 AM | Posted in Commodities Reports read full news
Evening Update For 5th July 2017 - Angel Commodities

News and Analysis

* FOMC meeting minutes due tonight at 11:30pm IST.

* LME Copper inventories jumped by 14.6 percent on Tuesday.

* UK’s construction PMI jumped to 54.8 in June’17.

European markets are trading sideways today as investors are cautious ahead of FOMC meeting minutes and G20 meeting. Asian markets

Copper trading range for the day is 382-389.4 - Kedia Commodity

Copper

Copper on MCX settled down -0.52% at 385.75 on profit booking tracking weakness in LME prices despite of fall in on-warrant stockpiles available to the market at LME warehouses to 176,125 tonnes. China's central bank said the shadow banking sector lacks sufficient regulation and the bank would give more prominence to financial risk controls

Buy Guarseed AT 3350 ADD ON Drop till 3200 SL Below 3000 TGT 3750-3980 - Kedia Commodity

* Guar seed futures continued to plunge in the spot and futures market, prices are almost down by -21.72% in last 3months period after India Meteorological Department scaled up the monsoon forecast at 98 per cent of long period average from 96 per cent predicted earlier.

* Rains in Rajasthan and Gujarat and prospects of more rains in coming days kept trend weak for Guar as sowing repo

Buy Gold 28150 -28100 Target 28200-28250 Stop loss at 28070 - Enrich Commodities

GOLD

Gold on Tuesday 4th June 2017, Gold prices up by 29 pts closed at 28115 trading range between 28073 - 28213 and August Comex Gold futures settled at 1219.20 division of the New York Mercantile Exchange.

After a spiky drop on Tuesday, Gold prices bounced back against the sensitive geopolitical risk after the announcement by North Korea re

5/07/2017 12:27:44 PM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 968-1011.2 - Kedia Commodity

Gold

Gold on MCX settled up 0.1% at 28115 edged up in lacklustre trading partly reclaiming territory lost in Monday’s selloff. The metal slid 1.9% on Monday, its largest percentage drop since December 2016 as US Treasury yields rose on Monday after US manufacturing data boosted expectations the Federal Reserve would raise interest rates again th

5/07/2017 10:51:19 AM | Posted in Commodities Reports read full news
We expect silver prices to trade positive - Sushil Finance

Gold

Gold prices rebounded from seven-week lows on Tuesday after North Korea fired a missile into Japanese waters, raising geopolitical tensions and boosting bullion's safe-haven appeal.

North Korea said it successfully test-launched an intercontinental ballistic missile, days before leaders from the Group of 20 nations were due to discus

5/07/2017 10:34:27 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

Spot gold prices traded higher by 0.3 percent on Tuesday as investors moved away from riskier assets after North Korea fired a missile that landed in Japanese waters, although the metal stayed near a sevenweek low hit the day before.

On Monday, gold prices declined by 1.7 percent to a

5/07/2017 10:07:47 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures rose for a third straight session on Tuesday, hitting highest in over two months on expectation of good physical buying due to rally in edible oils. Moreover, lower pace in physical arrivals and lagging sowing data also support prices. As per Agmarknet data