Crude oil will continue its bullish trend - Enrich Commodities

CRUDEOIL

Crude oil prices settled higher on Tuesday as traders looked ahead to inventory data likely to confirm crude output dropped last week despite the hope that Opec will extend output cuts through March 2018.

OPEC Secretary General Mohammad Barkindo commented that “OPEC welcomes the clear guidance from the crown prince of Saudi Ar

1/11/2017 11:24:34 AM | Posted in Commodities Reports read full news
Rmseed trading range for the day is 3848-3992 - Kedia Commodity

Gold

Gold on MCX settled down -0.79% at 29153 tracking weakness from Comex Gold which has falls $7.20 to settle at $1,270.50/oz, ending the month with a loss of 1.1% as stocks were stable at record highs, limiting the safe haven value of the precious metal. There has been little movement for gold over the past few sessions amid speculation the next Fed

1/11/2017 11:18:57 AM | Posted in Commodities Reports read full news
Sell Silver Dec 2017 @ 39100 SL 39400 Tgt 38800-38500 - Kedia Commodity

MCX GOLD UPDATE

Gold prices fell in yesterday session falls $7.20 to settle at $1,270.50/oz, ending the month with a loss of 1.1% as stocks were stable at record highs, limiting the safe haven value of the precious metal. There has been little movement for gold over the past few sessions amid speculation the next Federal Reserve chairman will come from

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

Silver

Technical View:

The 4H chart in Silver Market has formed “Falling Wedge chart Pattern” .In this pattern, the downside target has already reached 38900. A bounce back with a little profit booking can be expected towards slope resistance line at 39400.

Sellers are likely to run this

31/10/2017 2:54:47 PM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 6920-7444 - Kedia Commodity

Trading Ideas

Turmeric

Turmeric trading range for the day is 6920-7444.

urmeric prices ended with losses due to comfortable stocks in the producing and consuming centres.

Prices also remained under pressure amid expectations of sale of turmeric by A.P. Markfed in the coming weeks.

<
31/10/2017 2:27:16 PM | Posted in Commodities Reports read full news
Buy Gold Dec2017 @ 29300 SL 29180 Tgt29440-29540 - Kedia Commodity

MCX GOLD UPDATE

Gold settled up ahead of a series of central bank meetings and U.S. President Donald Trump's expected announcement of the next Federal Reserve chair, and amid a slightly weaker U.S. dollar. The metal is facing a slew of potential risks this week, including a two-day U.S. Federal Reserve policy meeting, U.S. payrolls data on Friday a

31/10/2017 12:06:44 PM | Posted in Commodities Reports read full news
Crude market has formed `Rising wedge pattern`- Enrich Commodities

Crude Oil

Crude Oil on 31st October 2017, Crude Oil November futures up by (50) pts (0.4%) closed at 3501, trading range between 3540 – 3490.Crude oil for December delivery on the New York Mercantile Exchange settled at $ 54.15 a barrel.

Crude oil prices settled higher on Monday setting an eight-month high despite cheerful talk from Op

31/10/2017 11:49:01 AM | Posted in Commodities Reports read full news
Gold prices up by (66) points, trading range between 29410 – 29229 - Enrich Commodities

Gold

Gold on 31 st Oct 2017, Gold prices up by (66) points, trading range between 29410 – 29229 and closed at 29384.December Comex Gold futures settled at $1277.70 division of the New York Mercantile Exchange.

Gold prices steadiedas the dollar moved into pressure after data displayed inflation continued to stumble amid growing speculati

31/10/2017 11:43:28 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 18095-19225 - Kedia Commodity

Gold

Gold on MCX settled up 0.23% at 29384 ahead of a series of central bank meetings and U.S. President Donald Trump's expected announcement of the next Federal Reserve chair, and amid a slightly weaker U.S. dollar. The metal is facing a slew of potential risks this week, including a two-day U.S. Federal Reserve policy meeting, U.S. payrolls data

31/10/2017 11:29:04 AM | Posted in Commodities Reports read full news
Mustard seed trading range for the day is 3641 - 4097 - Kedia Commodity

Soyabean

Trading Ideas

Soyabean trading range for the day is 2676 - 2982.

Soyabean prices dropped by 3.20 percent tracking weakness in spot demand coupled with new season arrivals and higher stocks from last year.

As per data, during the first 25 days of Oct. soybean arrivals have been reco

31/10/2017 10:19:25 AM | Posted in Commodities Reports read full news
Commodity Report By Enrich ( Silver, Zinc, Copper and More...)

Lead

The daily chart of Lead market has given a formation of “Falling wedge” pattern. In this pattern, the last session shows a strong bearish momentum and as per the candlesticks formations and the Fibonacci retracement level it is in downtrend and the lead holds support holds at 156.80. Once it breaks the support, lead could test the next

30/10/2017 1:21:11 PM | Posted in Commodities Reports read full news
Gold prices rebounded from bottom which is the horizontal support line at $1265(29200) - Enrich Commodities

Gold

Gold on 27th Oct 2017, Gold prices up by (48) points, trading range between 29340 - 29209. December Comex Gold futures settled at $1271.80 division of the New York Mercantile Exchange. 

Gold prices cut loss to trade above break even on Friday following a course in the dollar after data showed economic growth remained healthy in the

30/10/2017 11:54:02 AM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1002-1022.8 - Kedia Commodity

Turmeric

Trading Ideas

Turmeric trading range for the day is 7234-7394.

Turmeric prices gained on rising demand from institutional buyers at the spot market.

Though, some gains were capped as turmeric yield and output is expected to improve in 2017-18 on good monsoon in the Southern India.<

30/10/2017 11:40:38 AM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 672-680 - Kedia Commodity

Soyabean

Trading Ideas

Soyabean trading range for the day is 2777-2877.

Soyabean dropped tracking weakness in spot demand coupled with new season arrivals and higher stocks from last year.

As per data, during the first 25 days of Oct. soybean arrivals have been recorded at 7.6 lakh tonnes

30/10/2017 11:27:48 AM | Posted in Commodities Reports read full news
Spot silver prices fell by 1 .1 percent last week - Angel Commodities

Bullion

Gold

Last week, spot and MCX gold prices are trading lower by around 1 percent as dollar gained sharply after the ECB press conference.

The ECB in its latest meeting said it would trim bond purchases to 30 billion euro from 60 billion euros but extended quantitative easing by nine months to

30/10/2017 11:09:00 AM | Posted in Commodities Reports read full news