Evening Update For3rd March 2017 - Angel Commodities

News and Analysis

* Yellen’s speech tonight will be keenly watched.

* LME Copper stocks plunged 1.8 percent on Thursday.

* UK’s Services PMI fell to 53.3 in Feb’17.

European stocks are trading lower today as risk appetite turned negative ahead of Janet Yellen’s speech tonight. Asian markets are trad

Natural gas prices traded steady witnessing short recovery - Alpha Commodity

Bullion

* Gold silver prices traded lower in evening session witnessing sharp decline. Bullion prices came under pressure on growing optimism of Fed rate hike after few FOMC members indicated the same in last week speeches.

* US President Trump failed to give clarity and details over proposed tax reforms however bullion prices declined with s

Crude Oil Sell Below at 3530 target 3505-3485 stop loss 3560 - Enrich

Crude Oil

Crude Oil on Thursday 2nd March 2017, Crude Oil March futures prices down by -67 pts (-1.86%) closed at 3537, trading range between 3530-3595.On the New York, Mercantile Exchange,

oil for February delivery on the New York Mercantile Exchange to settle at $52.61 a barrel. Crude price kept falling on Thursday for the third straight se

3/03/2017 12:58:45 PM | Posted in Commodities Reports read full news
Nickel trading range for the day is 710.1-743.7 - Kedia Commodity

Gold

Gold on MCX settled down -0.88% at 29170 buoyed by a firm dollar and rising U.S. rate hike expectations in March following buoyant U.S. economic data and hawkish comments from Federal Reserve governors. Gold took a hit after data on Thursday showed U.S. jobless claims fell to a 44-year low. Labour tightness, combined with rising inflation, could e

3/03/2017 12:19:04 PM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold prices were on track for their weakest session since December on Thursday, buoyed by a firm dollar and rising U.S. rate hike expectations in March following buoyant U.S. economic data and hawkish comments from Federal Reserve governors.

Gold took a hit after data on Thursday showed U.S. jobless claims fell to a 44-year low. Labor ti

3/03/2017 11:55:30 AM | Posted in Commodities Reports read full news
We expect oil prices to trade lower - Angel Commodities

Bullion

Gold

Spot gold prices traded lower by 1.1 percent on Thursday, the biggest one day decline this year, to close at $1234.7/oz, as the rate hike bets gained momentum amidst hawkish comments from the Fed members ahead of March meeting.

William Dudley's hawkish remarks gave way to similar vie

3/03/2017 11:01:34 AM | Posted in Commodities Reports read full news
Gold Sell below 29200-29250 Target 29100-29000 Stop loss 29350 - Enrich Commodities

Gold

Gold on Thursday 2nd March 2017, Gold prices down by -258 pts (-0.88%) & closed at 29170 trading range between 29143-29422 and April Comex Gold futures closed at $1232.90, division of the New York Mercantile Exchange.

Gold prices widened their losses on Thursday to a one-week low as the dollar rallies to a seven-week high, amid surgi

3/03/2017 10:43:29 AM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures closed lower on Thursday due to reports that the supplies will adequate in coming months. The production is expected to be higher this year and the oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. The Soybean

3/03/2017 10:28:19 AM | Posted in Commodities Reports read full news
Buy Lead above target 151-150 stop loss at 153.75 - Enrich

Technical View:

I have been looking to the Hourly charts in Lead Market formed “Descending Triangle” when lower price is flat support with the upper side sloping downwards. Lead continuous trying to move the price up but are facing strong selling pressure in higher slope converging resistance place. but then turned around to fill the gap fr

Evening Update For 2nd March 2017 - Angel Commodities

News and Analysis

* Trump reiterated on his tax cuts and infrastructure spending plans.

* LME Copper stocks fell by 0.4 percent on Wednesday.

* UK’s Construction PMI rose to 52.5 in Feb’17.

European stocks are trading mixed today as hawkish comments by Fed officials boosted rate hike bets. Asian markets are tra

Buy Silver around 43930-44900 target 44000-44100 Stop loss at 43800 - Enrich

Technical View:

I have been looking to the Hourly charts in Silver resistance extended upper side, so it can be formed “Bullish Rectangle chart pattern” we should possible buying opportunities only close above upper parallel line at 44100, And we can measure the target the height of the rectangle size 44300-44450 Place your stop loss below

Sell Gold Below 29400 Target 29340-29270 Stop loss 29450 - Enrich

Gold

Gold on Wednesday 1St March 2017, Gold prices down by -138 pts (0.47%) & closed at 29428 trading range between 29266-29453 and April Comex Gold futures closed at $1250.00, division of the New York Mercantile Exchange.

Gold prices fell on Wednesday for the third day in a row to a one-week low, as the dollar rose against a basket of ma

Buy Guarseed Ncdex April @ 3650 Target 3980 stotloss 3350 - Kedia

Key Highlights

* Sentiments improved in the guar market for 2017, due to acreage reductions, increasing oil prices and an overall increase in demand.

* Rates kept firing up for Guar as fundamentals remained strong. Falling stocks and rising export demand enabled prices to continuously shoot up last week. Near term trend still remains positive

2/03/2017 12:44:58 PM | Posted in Commodities Reports read full news
Soyabean trading range for the day is 2946-3064 - Kedia

Gold

Gold on MCX settled down -0.47% at 29428 fell in yesterday's session for a second straight session as strength in the dollar, a rally in U.S. equities, and rising expectations for a March interest-rate hike by the Federal Reserve pushed futures to their lowest finish in a week.

The combination of the response to U.S. President Donald

2/03/2017 11:45:33 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

Spot gold prices traded flat at $1248.9/oz, near one week lows, as a stronger DX along with rally in the US equities after Trump reiterated on his tax cuts, infrastructure and defence spending plans in his speech before the Congress, pressurised the yellow metal.

Still, the safe haven me

2/03/2017 11:07:47 AM | Posted in Commodities Reports read full news
Buy Crude oil above 3575-3780 target 3600-3630 stop loss at 3550 - Enrich

Crude Oil

Crude Oil on Wednesday 1st March 2017, Crude Oil March futures prices up by 38 pts (1.07%) closed at 3604, trading range between 3580-3647.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.83 a barrel.

Crude prices rose on yesterday trade, on hopes of stronger

2/03/2017 10:46:17 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold gave back most of its losses on Wednesday as the dollar pared gains and bullion shrugged off earlier pressure from U.S. Federal Reserve officials' comments that raised expectations of an interest rate hike in March.

New York Fed President William Dudley, one of the most influential U.S. central bankers, said the case for tighten

2/03/2017 10:34:27 AM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures closed lower on Wednesday due to profit booking at higher prices as supplies have been adequate throughout the season. The production is expected to be higher this year and the oil millers are active at lower prices. The Soybean Processors Association of India has rais

2/03/2017 10:13:34 AM | Posted in Commodities Reports read full news
Silver Market formed “Descending Triangle” when lower - Enrich

Technical View:

I have been looking to the Hourly charts in Silver Market formed “Descending Triangle” when lower price is flat support with the upper side sloping downwards. Silver continuous trying to move the price up but are facing strong selling pressure in higher slope converging resistance place. but then turned around to fill the ga

Evening Update For 1st March 2017 - Angel Commodities

News and Analysis

* Trump’s reiterated on his tax cuts and infrastructure spending plans.

* LME Copper stocks plunged 1.2 percent on Tuesday.

* UK’s Manufacturing PMI fell to 54.6 in Feb’17.

European stocks are trading higher today as Trump’s commitment to infrastructure spending boosted risk appeti

We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

Spot gold prices fell by 0.3 percent to $1248.5/oz, retreating from three and half month highs yesterday ahead of Trump’s speech before the Congress.

Still, the safe haven metal has witnessed gains of around 4 percent in February thanks to uncertainty regarding Trump’s polici

1/03/2017 12:06:41 PM | Posted in Commodities Reports read full news
We expect Jeera futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures traded higher for the second conse4cutive session on Tuesday due to bargain buying and good demand in the spot market. The production is expected to be higher this year and the oil millers are active at lower prices. The Soybean Processors Association of India has rais

1/03/2017 11:33:54 AM | Posted in Commodities Reports read full news