Evening Update For 4th June 2017 - Angel Commodities

News and Analysis 

* North Korea claims successful missile launch in Japan.

* LME Copper inventories fell by 1 percent on Monday.

* US ISM Manufacturing PMI jumped to 57.8 in June’17.

European markets are trading lower today as North Korea’s latest missile test sent jitters across the globe. Asian markets

We expect Cotton Jul contract to trade lower - Angel Commodities

Cotton

* MCX cotton recover last week after hitting a five-month low of Rs. 19,580 per bale (1 bale = 170 kg) in the previous week, due to reports of higher than expected exports figures from Cotton Association of India (CAI). CAI also revised down the production figures of cotton for last year by 5 lakh bales to 36 lakh bales.

* As per late

Buy MCX Copper Aug between 380 - 383, SL - 376, Target - 393/396 - Angel Commodities

MCX GOLD Aug (CMP – 28,439 / $ 1241)

MCX Gold Aug as seen in the weekly chart above has opened the week with gap down at 28,450 levels and at the starting of the week prices have corrected sharply and made a weekly low of 28,350 levels. Later on price could not able to sustain on lower levels and rallied sharply and made a weekly high of 28,725 l

Soybean futures are expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures jumped by about 2.2% on Monday, higher one day move for the contract on expectation of good physical buying due to rally in edible oils. Moreover, lower pace in physical arrivals and lower sowing data compared to last year also support prices. As per Agmar

4/07/2017 11:21:09 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3040-3030 Target 3070-3100 Stop loss at 3010 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 3rd July 2017, Crude Oil July futures prices up by 75 pts (2.53%) closed at 3043, trading range between 2974 – 3047. Crude oil for August delivery on the New York Mercantile Exchange settled at $47.07 a barrel. Crude prices fell in Asia on Tuesday ahead of the Fourth of July holiday in the U.S. with markets shut and

4/07/2017 11:14:46 AM | Posted in Commodities Reports read full news
Sell Gold Rise on 28200-28250 Target 28000-27950 Stop loss at 28338 - Enrich Commodities

GOLD

Gold on Monday 3rd June 2017, Gold prices down by (- 353) pts closed at 28086 trading range between 28067 - 28421 and August Comex Gold futures closed at $1219.20 division of the New York Mercantile Exchange.

Gold prices slumped lower on Monday, pressured by a sharp uptick in U.S. bond yields in the wake of upbeat manufacturing activity

4/07/2017 11:07:59 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Monday, gold prices declined by 1.7 percent to a seven week low and headed for its biggest one day loss since November on account of strengthening dollar and rise in 10 years treasury yield.

Gold failed to benefit from dollar weakness in the second quarter, as this was driven largel

4/07/2017 10:41:20 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 18630-19290 - Kedia Commodity

Gold

Gold on MCX settled down -1.24% at 28086 plunged to the lowest in more than a month tracking Comex Gold which dropped $20 to test $1223 an ounce as stocks and oil prices rallied, signaling a shift toward riskier assets. Gold prices booked their lowest settlement in nearly eight weeks after suffering from their first monthly decline since March, a

4/07/2017 10:32:56 AM | Posted in Commodities Reports read full news
Evening Update For 3rd June 2017 - Angel Commodities

News and Analysis

* Chinese Caixin Manufacturing PMI rose to 50.4 in June’17.

* LME Copper inventories surged by a whopping 11.4 percent on Friday.

* US Revised UoM Consumer Sentiment rose to 95.1 in June’17.

European markets are trading higher today boosted by strength in the oil and mining shares. Asian marke

Buy ZINC ABV 179.60 ADD TILL 174 SL BELOW 168 TGT 188-198 - Kedia Commodity

Zinc

Zinc settled flat on profit booking but still prices ended with gains on weekly basis as supplies were still insufficient. China's factories grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, though analysts expect a further slowdown in the world's second-biggest economy is inev

Gold Prices wandered aimlessly - IIFL

Commodities

Gold Prices wandered aimlessly, as rising sovereign bond yields in Europe counterbalanced the bullish impact of a weaker US dollar. Relatively hawkish tone from ECB and BOE has taken the wind out of the bull’s sails as far as gold prices are concerned.

Base metals continue to trade on a firm note, helped by ferocious rally i

3/07/2017 12:28:23 PM | Posted in Commodities Reports read full news
We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined by 1.2 percent to close at $1241.2 per ounce on signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent support.

A

3/07/2017 11:38:37 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures closed last week higher by more than 1% on expectation of good physical buying due to good rally in edible oils. Moreover, lower pace in physical arrivals and lower sowing data compared to last year also support prices. As per Agmarknet data, arrivals of so

3/07/2017 11:26:20 AM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 6322-6598 - Kedia Commodity

Gold

Gold on MCX settled down -0.59% at 28439 as hints from leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the prices. Comex prices have fallen nearly 2 percent so far in June, and are down 0.4 percent on a quarterly basis. After a strong performance in the first quarter, they are still set

3/07/2017 11:04:55 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 2980-90 Target 3012-3050 Stop loss at 2962 - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 30th June 2017, Crude Oil June futures prices up by 50 pts (1.71%) closed at 2968, trading range between 2924-2972 and Crude oil for August delivery on the New York Mercantile Exchange to settle at $46.24 a barrel. Oil prices edged up on Monday, supported by the first fall in U.S. drilling activity in months, although risi

3/07/2017 10:45:04 AM | Posted in Commodities Reports read full news
We expect gold prices to trade sideways - Sushil Finance

Gold

Gold eased on Friday to stay on track for its first monthly loss this year, as hints from leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the non-interest bearing metal.

While it is still up nearly 8 percent in the first half, gold has stalled in the second quarter after a str

3/07/2017 10:29:00 AM | Posted in Commodities Reports read full news
Evening Update For 30th June 2017 - Angel Commodities

News and Analysis

* Chinese manufacturing PMI rose to 51.7 in June’17.

* LME Copper inventories surged 2.6 percent on Thursday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading lower today boosted by strength in the technology and consumer-related shares. Asian mar

30/06/2017 5:50:01 PM | Posted in Commodities Reports read full news
Rmseed trading range for the day is 3539-3603 - Kedia Commodity

Gold

Gold on MCX settled up 0.14% at 28608 recovered from the day's low while Comex Gold prices were slightly lower down by $3.30 to settle at $1,245.80/oz extending this week's run of directionless trading amid mixed signals on US. An important feature in the marketplace this week has been rising world government bond yields.

Earlie

30/06/2017 3:49:10 PM | Posted in Commodities Reports read full news
Gold prices have been moving lower - IIFL

Commodities


Gold prices have been moving lower despite a weaker US dollar, quite strange given that other commodities have benefitted from the currency induced movement. However, relatively hawkish remarks from various central bankers and rising sovereign bond yields seem to be a sore point for the gold bugs. After the series of fed rate hikes,

30/06/2017 1:34:34 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 2920-2910 Target 2950-2980 Stop loss at 2890 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 29th June 2017, Crude Oil June futures prices up by 26 pts (0.90%) closed at 2918, trading range between 2904-2946 on the New York, Mercantile Exchange, and Crude oil for August delivery on the New York Mercantile Exchange to settle at $44.93 a barrel. Crude oil futures on Thursday marked their biggest weekly gain since

30/06/2017 12:05:03 PM | Posted in Commodities Reports read full news