We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures recover on last two days of last week but down for the week by 2.61% to close at Rs. 2,761 a quintal. Soybean prices are trending down since one month on higher supplies and lower demand. India soybean sowing for the current kharif reached 23,000 ha so far vs 20,0

29/05/2017 11:04:42 AM | Posted in Commodities Reports read full news
We expect Crude oil prices to trade lower today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices rose 0.9 percent to close at $1266.7/oz, while MCX gold prices rose by same margin to close at Rs.28888 per 10 gms.

The dollar slipped and minutes of the Federal Reserve's last policy meeting suggested the U.S. central bank was cautious about raising inte

29/05/2017 10:37:45 AM | Posted in Commodities Reports read full news
Evening Update For 26th May 2017 - Angel Commodities

News and Analysis

* Oil plunged 5 percent yesterday after OPEC’s decision.

* LME Copper stocks fell by 0.9 percent on Thursday.

* Fed will see if recent US economic slowdown is temporary before next rate hike.

 

European markets are trading lower today in line with sharp plunge in crude oil prices afte

26/05/2017 5:14:59 PM | Posted in Commodities Reports read full news
Buy Gold on dips at 28600-28630 Target 28700-28800 Stop loss at 28550 - Enrich Commodities

Gold

Gold on Thursday 25th May 2017, Gold prices down by 52 pts closed at 28661 trading range between 28765-28635 and April Comex Gold futures closed at $1256.40 division of the New York Mercantile Exchange

Overnight, gold futures steadied on Thursday, after the Federal Reserve’s May meeting minutes, raised concerns over whether the Fed

26/05/2017 12:30:23 PM | Posted in Commodities Reports read full news
Sell Crude Oil on Rise 3165-3175 Target 3120-3080 stops loss at 3200 - Enrich Commodities

Crude Oil

Crude Oil on Thursday 25th May 2017, Crude Oil June futures prices down by 151 pts (-4.54%) closed at 3178, trading range between 3365-3166 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $48.90 a barrel.

Oil prices tumbled dropping more than 4%, as the markets s

26/05/2017 12:24:59 PM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold eased on Thursday as the dollar came off its lows and world stock markets scaled fresh highs, giving back some gains from the prior session when U.S. Federal Reserve minutes suggested it could be more cautious with interest rate increases.

Fed policymakers had agreed at the meeting that they should hold off from raising rates until

26/05/2017 11:01:02 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices fell by 0.2 percent to close at $1255.4 per ounce as dollar steadied near 97.2 levels after outcome of the latest US Fed Minutes downsized the chances of rate hike in its June meeting although the Fed Funds futures says the probability of it happening at around 83 pe

26/05/2017 10:45:43 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil and CPO futures to trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures recover on Thursday after three consecutive session decline this week. Soybean prices are trending down since one month on higher supplies and lower demand. However, the arrivals are lower as farmers, reluctant to sell at "low prices" so far this season.

26/05/2017 9:52:18 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28550-28820 - Kedia Commodity

Gold

Gold on MCX settled down -0.18% at 28661 little changed in yesterday's session despite significant geopolitical tensions and Federal Reserve talk. Gains were capped as pressured by the view toward monetary policy, minutes from the Fed appeared to show that the majority of the central bank’s officials remain resolute about hiking rates at

26/05/2017 9:42:33 AM | Posted in Commodities Reports read full news
Buy Gold on dips at 28700-28730 Target 28850-28950 Stop loss at 28650 - Enrich Commodities

Gold

Gold on Wednesday 24th May 2017, Gold prices down by 98 pts closed at 28713 trading range between 28760-28645 and April Comex Gold futures closed at $1253.10 division of the New York Mercantile Exchange

Investors are expected parse the Fed minutes for possible changes in the Federal Reserve’s outlook concerning the path of U.S. int

25/05/2017 11:04:19 AM | Posted in Commodities Reports read full news
Buy Crude Oil on dips at 3330-3320 Target 3360-3400 Stop loss 3300 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday 24th May 2017, Crude Oil June futures prices down by 26 pts (-0.36%) closed at 3329, trading range between 3370-3317 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $51.36 a barrel.

Oil prices rose ahead of an OPEC meeting on Thursday that

25/05/2017 10:58:18 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade sideways - Sushil Finance

Gold

Gold prices rose on Wednesday as the dollar slipped and minutes of the Federal Reserve's last policy meeting suggested the U.S. central bank was cautious about raising interest rates.

The metal is highly sensitive to higher rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which

25/05/2017 10:49:49 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose by 0.6 percent to close at $1258.1 per ounce as the dollar slipped and minutes of the Federal Reserve's last policy meeting suggested the U.S. central bank was cautious about raising interest rates.

Minutes of the Federal Open Market Committee

25/05/2017 10:27:08 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jun futures closed lower for the third consecutive day on Wednesday on reports of higher stocks of soybean with farmers and traders. Soybean prices is trending down because farmers, reluctant to sell at "low prices" so far this season, will soon begin liquidating st

25/05/2017 10:07:18 AM | Posted in Commodities Reports read full news
Nickel trading range for the day is 578.3-605.9 - Kedia Commodity

Gold

Gold on MCX settled down -0.34% at 28713 with little changed ahead of the release of the minutes from the most recent Fed meeting. While prices in international briefly climbed, then eased back after minutes from the Fed’s May policy meeting appeared to show that the majority of the central bank’s officials remain resolute about hikin

25/05/2017 9:55:59 AM | Posted in Commodities Reports read full news
Evening Update For 24th May 2017 - Angel Commodities

News and Analysis

* Moody’s downgrades Chinese sovereign debt from Aa3 to A1.

* Investors turn their flight towards safe haven assets like gold

* LME Copper stocks fell by 1.3 percent on Tuesday

 

European markets are trading lower today as Moody’s downgrade of Chinese sovereign debt rattled glob

24/05/2017 4:34:29 PM | Posted in Commodities Reports read full news
Buy Crude Oil on dips at 3328-3338 Target 3360-3400 Stop loss 3300 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 23nd May 2017, Crude Oil June futures prices Up by 31 pts (0.94%) closed at 3341, trading range between 3284-3346 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $51.47 a barrel.

Oil prices rose on Wednesday, supported by increasing confidenc

24/05/2017 12:08:25 PM | Posted in Commodities Reports read full news
Sell Gold rise on 28750-28800 Target 28700-28600 Stop loss at 28850 - Enrich Commodities

GOLD

Gold on Tuesday 23rd May 2017, Gold prices up by 26 pts closed at 28811 trading range between 28935-28755 and April Comex Gold futures closed at $1255.5 division of the New York Mercantile Exchange

The jump in June rate hike expectations came against the backdrop of weaker than expected economic data, which failed to offset June rate hik

24/05/2017 11:56:24 AM | Posted in Commodities Reports read full news
Menthaoil trading range for the day is 904.9-966.7 - Kedia Commodity

Market Commentary

Mentha oil on MCX settled up by 0.43% at 944.4 amid surge in demand from major consuming industries in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. Total production of mentha oil during the current season is 32,000-34,000 tonnes against prelimi

24/05/2017 11:33:23 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 17710-1831 - Kedia Commodity

Gold

Gold on MCX settled up 0.09% at 28811 higher but trimmed recent gains but still sentiments remain firm as continuing political uncertainty in the USA combined with the weakening dollar seem to be the main drivers. Gold prices look well placed to push higher on the charts, but rebounding equity markets and stronger industrial metals may act as a h

24/05/2017 11:25:13 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold prices fell on Tuesday, as the U.S. dollar rebounded from 6-1/2-month lows and investors shrugged off heightened political risk following a deadly suicide attack in Britain.

Gold has been supported by weakening U.S. economic data and troubles facing U.S. President Donald Trump, all of which have weighed on the greenback.

24/05/2017 11:03:36 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices declined by 0.74 percent to close at $1250.8 per ounce as the U.S. dollar rebounded from 6-1/2-month lows and investors shrugged off heightened political risk following a deadly suicide attack in Britain.

Gold has been supported by weakening U.S. economic d

24/05/2017 10:45:51 AM | Posted in Commodities Reports read full news