US Oil Output Continues to Expand, Now At 9.55 mbpd - IIFL

Commodities
Gold Prices Stabilied After Jerome Powell Was Nominated As Next Head Of The Fed. A Relatively Less Hawkish New Fed Chief Is Deemed To Be Supportive for the Precious Pack. However, It Remains To Be Seen How The Dot Plot Evolves Given The Prospects Of Tax Reforms And Steady US Economic Growth.

3/11/2017 12:57:16 PM | Posted in Commodities Reports read full news
LME Copper prices traded flat yesterday - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose 0.13 percent to close at $1275.6 per ounce after touching a two-week high on Thursday, after Republicans in the U.S. House of Representatives unveiled legislation to overhaul the U.S. tax system.

Investors also focused their attention on the nominati

3/11/2017 11:33:54 AM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 7042-7194 - Kedia Commodity

Gold

Gold settled flat while sentiments remain firm as support will be seen amid a weaker dollar, on increased demand from Chinese retail investors and as the market waited for the announcement of a new chair of the US Federal Reserve, expected later in the day. Higher demand from Chinese retail buyers has raised domestic bullion prices and global pric

3/11/2017 11:15:47 AM | Posted in Commodities Reports read full news
Oil prices settled higher on Thursday, which is almost a two-year high - Enrich Commodities

CRUDEOIL

Oil prices settled higher on Thursday, which is almost a two-year high. The bullish market sentiment prevails as the effort by the OPEC) and Russia to hold back about 1.8 million barrels per day (bpd) in supply to tighten markets.

Inventory drain can be noted as trade data reveals that global oil markets have been a little undersupp

3/11/2017 10:09:47 AM | Posted in Commodities Reports read full news
Gold prices edged higher for a second day - Enrich Commodities

GOLD

Gold prices edged higher for a second day as President Donald Trump announced Jerome Powell as his choice to lead the U.S. Federal Reserve. Fed Governor Powell has been supportive of current Chair Janet Yellen’s strategy of gradual tightening.

On Thursday, the Bank of England raised rates for the first time in more than 10 years.<

3/11/2017 10:04:28 AM | Posted in Commodities Reports read full news
Buy Silver Dec 2017 @ 39400 SL 39100 Tgt 39850-40100 - Kedia Commodity

MCX GOLD UPDATE

Gold settled flat while sentiments remain firm as support will be seen amid a weaker dollar, on increased demand from Chinese retail investors and as the market waited for the announcement of a new chair of the US Federal Reserve, expected later in the day. Higher demand from Chinese retail buyers has raised domestic bullion prices and

CPO trading range for the day is 532.6-561 - Kedia Commodity

Trading Ideas

Soyabean

Soyabean trading range for the day is 2793-2895.

Soyabean prices gained due to lower acreage in the country and improved prices of edible oil.

However, new season arrivals and higher stocks from last year capped some gains.

NCDEX accredited warehouses soyab

2/11/2017 11:22:14 AM | Posted in Commodities Reports read full news
Crude oil prices have formed`Rising Wedge Pattern`- Enrich Commodities

CRUDEOIL

Crude prices settled lower on Wednesday but gained momentum on Thursday morning as crude inventories dropped.

According to data from the Energy Information Administration (EIA) on Wednesday - U.S. commercial crude oil inventories fell by 2.4 million barrels in the week to Oct. 27 to 454.9 million barrels, although 46,000 barrels per

2/11/2017 11:07:44 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 18690-19230 - Kedia Commodity

Trading Ideas

Turmeric

urmeric trading range for the day is 6920-7204. Turmeric settled flat recovering from lows on short covering after prices dropped on expectation of good production in the coming season

Moreover, despite of marginally lower sowing this year turmeric production is expected to ri

2/11/2017 11:01:55 AM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 941.9-976.5 - Kedia Commodity

Gold

Gold on MCX settled up 0.23% at 29221 as prices rebound despite traders continued to expect the Fed’s policy statement to show that Fed policymakers voted to leave rates unchanged at their Oct. 31- Nov. 1 meeting. Also a pair of economic reports pointing to solid strength in the U.S. economy, however, pressured gold prices to retreat from in

2/11/2017 10:21:14 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures jumps higher on Wednesday as market participants initiated short covering their near month contract and buy far month contracts. There are reports of increase in import duty on edible oil which will enhance domestic oilseed demand.

As per Agmarknet

2/11/2017 10:05:45 AM | Posted in Commodities Reports read full news
Buy Gold Dec 2017 @ 29250 SL 29150 TGT 29380-29500 - Kedia Commodity

MCX GOLD UPDATE

Gold prices rebound despite traders continued to expect the Fed’s policy statement to show that Fed policymakers voted to leave rates unchanged at their Oct. 31- Nov. 1 meeting. Also a pair of economic reports pointing to solid strength in the U.S. economy, however, pressured gold prices to retreat from intra-day highs but the pre

Commodity Report By Enrich ( Silver, Zinc, Copper and More...)

Aluminium

Short term analysis: Aluminium 4H chart has formed “Descending Triangle” pattern. Market has retested the strong support level which is holding at 138 and is expected to continue on bullish momentum towards the strong resistance level which is holding at 139.70.

 

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Buy CPO (Nov) @ 546 & Upto 540 SL 534 Tgt 572 - Choice Broking

On the daily chart, MCX CPO price has given Symmetrical Triangle breakout which is expected to propel a rally in the short run.

Besides, the commodity has been consolidating for more than one month with narrowing volume suggesting absence of profit taking at the higher levels.

Moreover, MCX CPO price has recently moved back above the 21 EMA on the daily chart.

Furt

Gold Lost Ground Weighed Down By Firm US Dollar - IIFL

Commodities
Gold Lost Ground Weighed Down By Firm US Dollar, While Markets Also Remained Cautions Regarding The Nomination Of New Fed Chief.

Brent Crude Hovered Around Two Year High, But Caution Prevails Regarding The Possibility Of Rising US Supply In Light Of Higher Prices.

1/11/2017 11:44:51 AM | Posted in Commodities Reports read full news