Buy Gold Rise Dips on 28640-28600 Target 28750-28850 Stop loss at 28550 - Enrich Commodities

GOLD

Gold on Wednesday 21st June 2017, Gold prices Up by 51 pts closed at 28577 trading range between 28448-28634 and June Comex Gold futures closed at $1245.8 division of the New York Mercantile Exchange.

Overnight, gold prices traded above breakeven on Wednesday, as the dollar faded despite data showing that U.S. existing home sales unexpec

22/06/2017 11:24:27 AM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold rebounded on Wednesday from a five-week low as an oil price slump pushed down stock markets and a weaker U.S. dollar made bullion cheaper for holders of other currencies.

Gold is highly sensitive to rising rates and yields, which lift the opportunity cost of holding non-yielding assets such as bullion while boosting the dollar, in w

22/06/2017 10:29:21 AM | Posted in Commodities Reports read full news
Evening Update For 21st June 2017 - Angel Commodities

News and Analysis

*  US crude oil prices languish near nine month lows.

*  Fed member Eric Rosengren adds to the hawkish stance.

*  LME Copper stocks down by 1.1 percent on Tuesday.

European markets are trading lower today following sharp plunge in crude oil prices to multi month lows. Asian markets are trad

21/06/2017 5:28:25 PM | Posted in Commodities Reports read full news
Cotton prices in spot market dropped by 130.00 rupees and settled at 20280.00 rupees - Kedia Commodity

Gold

On MCX settled down -0.06% at 28526 traded in the range but sentiments remain weak as comments from Federal Reserve officials raised expectations for further increases in interest rates this year. Overnight, gold prices remained subdued as the dollar continued to advance amid rising expectations that the Federal Reserve would hike interest rate by

21/06/2017 12:43:46 PM | Posted in Commodities Reports read full news
Sell Gold Rise on 28650 Target 28600-28550 Stop loss at 28690 - Enrich Commodities

GOLD

Gold on Tuesday 20th June 2017, Gold prices down by -16 pts closed at 28526 trading range between 28487-28599 and June Comex Gold futures closed at $1243.5 division of the New York Mercantile Exchange.

Overnight, gold prices remained subdued on Tuesday, as the dollar continued to advance amid rising expectations that the Federal Reserve

21/06/2017 12:22:26 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 2800-2810 Target 2825-2850 Maintain strict Stop loss at 2789 - Enrich Commodities

CRUDEOIL

Crude Oil on Tuesday 20th June 2017, Crude Oil June futures prices down by 83 pts (-2.87%) closed at 28, trading range between 2791-2892 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $43.51 a barrel.

Overnight, crude futures settled at a seven-month low on Tuesd

21/06/2017 12:15:38 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Gold

On Tuesday, gold prices closed flat at $1242.8 per ounce although a minor recovery was witnessed during the day. Prices lost momentum after a string of hawkish comments by Fed members.

Latest comments by Boston Fed President Eric Rosengren on Tuesday that low interest rates do pose financial stability concerns that central bankers and th

21/06/2017 11:42:02 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade negative - Sushil Finance

Gold

Gold inched down to a five-week low on Tuesday as the dollar rose following hawkish comments from an influential U.S. Federal Reserve official and dovish remarks from the Bank of England governor. New York Fed President William Dudley said on Monday that labor market tightness should help drive up inflation, reinforcing the message that recent wea

21/06/2017 11:20:58 AM | Posted in Commodities Reports read full news
Evening Update For 20th June 2017 - Angel Commodities

News and Analysis

* Fed’s William Dudley strikes hawkish tone.

* LME Copper stocks down by 1.2 percent on Monday.

* China average new home sales 0.7 percent in May’17.

European markets are trading higher today following yesterdays’ rally on the Wall Street. Asian markets are trading mixed and the US stock

20/06/2017 5:52:33 PM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 120-122.2 - Kedia Commodity

Market Commentary

Aluminium on MCX settled up 0.96% at 121.4 on short covering tracking LME prices closed 0.4 percent higher after touching its lowest since May 11 on Friday. China's securities regulator said it will encourage wealth management firms to invest in commodity futures in a bid to promote its domestic derivatives industry and raise the

20/06/2017 1:43:52 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Monday, gold prices declined by 0.83 percent to close at $1242 per ounce as the dollar rose after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses.

New York

20/06/2017 12:19:16 PM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures closed 1% higher on Monday on reports of slow progress in soybean sowing in the country. As per the government weekly sowing data, area under soybean crop across the country for the 2017-18 kharif was at 45,000 ha till last week, down 55.4% on year. The prices were

20/06/2017 11:53:45 AM | Posted in Commodities Reports read full news
Soyabean trading range for the day is 2781-2873 - Kedia Commodity

Gold

Gold on MCX settled down -0.52% at 28542 finished in negative territory as the dollar strengthened and as investors favored assets perceived as risky over so-called havens. Dollar index rose by 0.3% on Monday, providing a headwind for commodities priced in the currency. A stronger dollar tends to make assets pegged to the buck more expensive to b

20/06/2017 11:44:08 AM | Posted in Commodities Reports read full news
Buy Crude Oil around 2865-75 Target 2900-2915 Stop loss at 2850 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 19th June 2017, Crude Oil June futures prices down by 18 pts (-0.63%) closed at 2861, trading range between 2955-2900 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $44.43 a barrel.

Oil prices continue to trade under pressure as rumors of iss

20/06/2017 11:09:37 AM | Posted in Commodities Reports read full news
Sell Gold Rise on 28550-600 Target 28480-28350 Stop loss at 28650 - Enrich Commodities Pvt Ltd

GOLD

Gold on Monday 19th June 2017, Gold prices down by -148 pts closed at 28542 trading range between 28526-28650 and June Comex Gold futures closed at $1247.70 division of the New York Mercantile Exchange.

Overnight, gold prices fell on Monday, weighed by an uptick in the dollar after upbeat comments on inflation from the head of the New Yo

20/06/2017 10:55:11 AM | Posted in Commodities Reports read full news
Evening Update For 19th June 2017 - Angel Commodities

News and Analysis

* Macron’s centrist party wins large majority in French parliament

* LME Copper stocks down by 1.2 percent on Friday.

* China industrial output and retail sales turn better than expected in May’17.

European markets are trading higher today as French president Emmanuel Macron’s party won

19/06/2017 5:31:38 PM | Posted in Commodities Reports read full news
We expect Cotton Jun contract to trade lower - Angel Commodities

Cotton

* MCX cotton close with a gain on Friday due to lower level buying but fell 2.7% for the week on anticipation of good production in the next season as sowing progress in the country starts in a brisk manner.

* As per latest data from Agricultural Ministry, cotton is planted in 16.7 lakh hectares (l ha) till last week, higher by 36.1% c

19/06/2017 4:22:53 PM | Posted in Commodities Reports read full news
Sell MCX Silver July between 38,900-39,000, SL-39,700, Target-37900/37700 - Angel Commodities

MCX GOLD Aug (CMP – 28,690 / $ 1253.70)

MCX Gold Aug as seen in the weekly chart above has opened the week with gap down at 28,951 levels and at the starting of the week it made a weekly high of 29,050 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 28,675 levels. This

19/06/2017 4:15:37 PM | Posted in Commodities Reports read full news