The gold current trend may reverse towards $1283-1272 - Enrich Commodities

GOLD

Gold on 23rd August 2017, Gold prices up by (59) pts closed at 29164 trading range between 29074 - 29214 and December Comex Gold futures settled at $1294.70 division of the New York Mercantile Exchange.

Gold prices settled higher on Wednesday, after President Donald Trump made a statement that he would close down the government which led

24/08/2017 10:24:06 AM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 130.9-133.1 - Kedia Commodity

Gold

Gold on MCX settled down -0.61% at 29105 fell as strength in the dollar pressured the precious metal into giving back all of the previous session’s gains and then some. Meanwhile traders continue to gear up for the meeting of global central bankers at Jackson Hole, Wyoming later in the week. The Jackson Hole symposium will be highlighted by

23/08/2017 11:38:52 AM | Posted in Commodities Reports read full news
We expect oil prices to trade higher today - Angel Commodities

Bullion

Gold

Gold declines half a percent on Tuesday to close at $1284.3 per ounce while MCX gold prices declined by 0.56 percent to close at Rs.29227 per 10 gms.

Stronger dollar and cautious investors ahead of the annual general meeting of central bankers wherein Investors awaited speeches by Europe

23/08/2017 11:03:04 AM | Posted in Commodities Reports read full news
We expect Crude Oil a correction towards 2850 levels - Choice Broking

Bullions

Gold

Technical View:

On the daily chart, MCX Gold prices have given breakout of a falling wedge. Moreover, on the daily chart, COMEX Gold prices have moved above its previous peak of $1280.30. Furthermore, prices have been sustaining above its 21 EMA on the hourly c

23/08/2017 10:45:47 AM | Posted in Commodities Reports read full news
The Crude Oil long term 200 moving average holds as resistance line at $49.58 - Enrich Commodities

CRUDE OIL

Crude Oil on 22nd August 2017, Crude Oil August futures prices up by (7) pts (0.23%) closed at 3072, trading range between 3047 – 3102. Crude oil for September delivery on the New York Mercantile Exchange settled at $47.83 a barrel.

Crude futures finished higher on Tuesday, as traders looked forward to the release of U.S. inve

23/08/2017 10:13:44 AM | Posted in Commodities Reports read full news
The Gold current trend may reverse towards $1283-1272 - Enrich Commodities

GOLD

Gold on 22nd August 2017, Gold prices down by (-178) pts closed at 29105 trading range between 29036 - 29238 and December Comex Gold futures settled at $1291 division of the New York Mercantile Exchange.

Gold prices dipped lower on Tuesday which was close to one-week lows, following a bounce back in the dollar. Traders were reluctant in

23/08/2017 10:09:10 AM | Posted in Commodities Reports read full news
Sell Silver Sep 2017 @ 39000 SL 39280 TGT 38720-38480 - Kedia Commodity

GOLD

Gold on MCX settled down -0.61% at 29105 fell as strength in the dollar pressured the precious metal into giving back all of the previous session’s gains and then some. Meanwhile traders continue to gear up for the meeting of global central bankers at Jackson Hole, Wyoming later in the week. The Jackson Hole symposium will be highlighted by

23/08/2017 9:42:59 AM | Posted in Commodities Reports read full news
Natural gas prices traded steady in lower range - Alpha Commodity

Bullion

* Gold silver prices traded firm on safe haven buying with tensions mounting after North Korea said it is examining the ways to strike on Guam situate in US Pacific region. The dollar index traded off the 15 months lows witnessing recovery. The lack of ETF buying and recovery in dollar index may limit upside in gold prices.

* Silver p

22/08/2017 3:58:20 PM | Posted in Commodities Reports read full news
Cotton for October delivery is heading for first weekly loss - Angel Commodities

Below is the View On  Weekly Agri-Commodities by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):


 “During the current week, Mentha, Coriander and Cotton seed oil cake futures jumped higher mainly on improvement in domestic demand. Oilseed and edible oil futures baring Ref

22/08/2017 3:39:30 PM | Posted in Commodities Reports read full news
Nickel prices are also riding cottails of a broad based momentum - IIFL

Commodities

Gold remains supported by concerns that North Korea may retalite to the ingoing joint military exercise by US and South korea in the Korean Peninsula. Nevertheless, prices have filed to sustain above the psychological mark of US$1,300/oz, conveying that selling seems to be surfacing at higher levels. Technically, a resistance around the spe

22/08/2017 1:42:48 PM | Posted in Commodities Reports read full news
The Crude oil daily chart is just below 100 day moving average at $47.70 - Enrich Commodities

CRUDE OIL

Crude Oil on 21st August 2017, Crude Oil August futures prices down by (-60) pts (-1.92%) closed at 3065, trading range between 3042 – 3145. Crude oil for September delivery on the New York Mercantile Exchange settled at $47.53 a barrel.

Crude futures dipped lower on Monday and rose a little higher on Tuesday morning. Traders

22/08/2017 11:27:51 AM | Posted in Commodities Reports read full news
It has rebounded towards upper resistance trend line at 1300 - Enrich Commodities

GOLD

Gold on 21st August 2017, Gold prices up by (120) pts closed at 29283 trading range between 29079 - 29314 and December Comex Gold futures settled at $1296.70 division of the New York Mercantile Exchange.

Gold prices settled higher on Monday with decent gains and balanced close to almost one - year high. The geopolitical concerns continue

22/08/2017 11:22:16 AM | Posted in Commodities Reports read full news
Nickel trading range for the day is 698.9-739.1 - Kedia Commodity

Gold

Gold on MCX settled up 0.41% at 29283 as tensions over North Korea fuelled safe-haven demand, while doubts about US President Donald Trump's ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and weakened the dollar. Demand for gold is likely to remain high nonetheless, as the U.S. and South Korea began a jo

22/08/2017 11:02:41 AM | Posted in Commodities Reports read full news
Sell Gold Oct 2017 @ 29300 SL 29500 TGT 29140-29000 - Kedia Commodity

GOLD

Gold on MCX settled up 0.41% at 29283 as tensions over North Korea fuelled safe-haven demand, while doubts about US President Donald Trump's ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and weakened the dollar. Demand for gold is likely to remain high nonetheless, as the U.S. and South Korea began a joi

22/08/2017 10:46:26 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to lower - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean October futures closed higher for the fourth consecutive session yesterday on good physical demand and reports of deficient rains in soybean planting districts of Madhya Pradesh and Maharashtra. Moreover, firm edible oil prices are also supporting soybean prices.

22/08/2017 10:25:57 AM | Posted in Commodities Reports read full news
Gold prices to trade higher today - Angel Commodities

Bullion

Gold

In the international markets, Gold gains half a percent on Monday closing the session at $1290.8 per ounce. MCX gold prices gains 0.4 percent closing at Rs.29391 per 10 gms.

Safe haven demand fuelled on account of tensions over North Korea and the US. Investors braced for North Korea'

22/08/2017 10:19:46 AM | Posted in Commodities Reports read full news
Gold prices surged above psychological mark US$1,300 - IIFL

Commodities

Gold prices surged above psychological mark US$1,300/oz for the first time in nine months,however, such buyoyancy was short-lived, with values t=retracting harply later.

Apart from the supply side narrative, base metals alsov derived cues from reports that chinese housing prices during july witnessed m-o-m increase in 56 out of 70

21/08/2017 4:07:15 PM | Posted in Commodities Reports read full news