We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

Spot gold prices traded lower by 0.4 percent yesterday to close at $1276.3 per ounce as stronger US stock markets dimmed safe haven metal prospects. Also, global investors anxiously await decision on the next Fed head after President Trump on Monday said he was “very, very close" to m

25/10/2017 11:56:36 AM | Posted in Commodities Reports read full news
SELL SILVER DEC 2017 @ 39900 SL 40100 TGT 39750-39600 - Kedia Commodity

MCX GOLD UPDATE

Gold inched lower fell $2.60 to settle at $1278.30/oz touching their lowest since October 6 as US stocks reached record heights. Gold prices dipped on as investors anxiously awaited news on the next head of the U.S. Federal Reserve, while strong share markets and a calmer geopolitical environment sapped safe-haven demand. Gold prices c

25/10/2017 11:39:12 AM | Posted in Commodities Reports read full news
MCX Gold price found resistance at the upper band - Choice Broking

Bullions

Gold

Technical View:

MCX Gold price found resistance at the upper band of the falling channel and falling. In addition, price fell below 21 EMA on the daily frame. Moreover, Comex Gold has fallen below 61.80% retracement level of the previous rise from 1262 t

25/10/2017 11:06:41 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures closed higher on Tuesday mainly on short covering as market participants are expecting recovery in oilseeds prices after announcement of MSPs. Moreover, higher stocks from last year and new arrivals still weigh of prices. Weakness in spot prices weighs on f

25/10/2017 10:54:38 AM | Posted in Commodities Reports read full news
Crude oil prices broke resistance line on`Ascending triangle chart pattern` - Enrich Commodities

CRUDEOIL

Crude Oil on 24 th October 2017, Crude Oil November futures up by (48) pts (1.42%) closed at 3431, trading range between 3361 – 3435. Crude oil for December delivery on the New York Mercantile Exchange settled at $ 52.47 a barrel.

Crude oil prices edged higher on Tuesday after Saudi oil minister Khalid al-Falih said Saudi Arab

25/10/2017 10:10:10 AM | Posted in Commodities Reports read full news
Gold prices were unable to break above the slope line at $1285 - Enrich Commodities

GOLD

Gold on 24 th Oct 2017, Gold prices up by (4) points, trading range between 29467 - 29574. December Comex Gold futures settled at $1278.30 division of the New York Mercantile Exchange.

Gold prices dipped lower on Tuesday as gold prices were under pressure as the dollar edged higher on signs of progress toward pro-growth tax reform and d

25/10/2017 10:00:22 AM | Posted in Commodities Reports read full news
Turmeric trading range for the day is 7396-7532 - Kedia Commodity

Gold

Gold on MCX settled down -0.06% at 29537 as prices pared losses offsetting pressure from a stronger dollar and an early advance in equities. 

Gold prices were also under pressure from expectations that Japan's ultra-loose monetary policy would stay in place after Prime Minister Shinzo Abe's election victory at the weekend li

24/10/2017 12:03:11 PM | Posted in Commodities Reports read full news
We Expect Ref Soy oil to trade sideways due to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures fall more than 1.3% yesterday as market participants liquidate their long position on expectation of higher arrivals of new season crop. Moreover, higher stocks from last year weigh of prices. Weakness in spot prices weighs on futures too. During the first

24/10/2017 11:34:44 AM | Posted in Commodities Reports read full news
MCX Silver price has been moving within a falling - Choice Broking

Bullions

Gold

Technical View:

MCX Gold price found resistance at the upper band of the falling channel. In addition, price fell below 21 EMA on the daily frame. Furthermore, on the daily chart RSI (14) has entered in a bearish crossover and fell below 50. Based on a

24/10/2017 11:30:12 AM | Posted in Commodities Reports read full news
Buy Gold Dec 2017 @ 29500 SL 29350 Tgt 29640-29720 - Kedia Commodity

MCX GOLD UPDATE

Gold prices pared losses offsetting pressure from a stronger dollar and an early advance in equities. Gold prices were also under pressure from expectations that Japan's ultra-loose monetary policy would stay in place after Prime Minister Shinzo Abe's election victory at the weekend lifted the dollar to a three-month high versus

24/10/2017 10:31:51 AM | Posted in Commodities Reports read full news
Crude oil prices retested the resistance line at $52.28 level - Enrich Commodities

CRUDEOIL

Crude Oil on 23 rd October 2017, Crude Oil November futures up by (11) pts (0.33%) closed at 3383, trading range between 3372 – 3408. Crude oil for December delivery on the New York Mercantile Exchange settled at $ 51.90 a barrel.

Crude oil prices settled higher on Monday and continue to trade higher as the ongoing political t

24/10/2017 10:19:11 AM | Posted in Commodities Reports read full news
Copper prices are currently trading flat at $6971/t - Angel Commodities

Bullion

Gold

Last week, spot gold prices plunged by 1.9 percent to close at $1280.3 per ounce as dollar gained momentum after the US Senate approved a budget resolution for the 2018 fiscal year. The measure is estimated to add $1.5 trillion to the deficit over the next 10 years, and contains about $4 trillion

23/10/2017 11:26:42 AM | Posted in Commodities Reports read full news
Crude oil prices retested support slope line at $ 50.70 level - Enrich Commodities

CRUDEOIL

Crude Oil on 20th October 2017, Crude Oil November futures up by (13) pts (0.39%) closed at 3372, trading range between 3322 – 3379. Crude oil for December delivery on the New York Mercantile Exchange settled at $ 51.84 a barrel.

Crude oil prices edged higher on Friday and continue to trade high on Monday morning as political

23/10/2017 10:30:36 AM | Posted in Commodities Reports read full news
The Gold 4-H chart has formed “Falling Wedge Pattern - Enrich Commodities

GOLD

Gold on 20 th Oct 2017, Gold prices down by (-125) points and trading range between 29535 - 29637. December Comex Gold futures settled at $1280.50 division of the New York Mercantile Exchange.

Gold prices dipped lower on Friday despite the dollar moving higher after the Senate approved the Republican-back budget on Thursday. As Gold str

23/10/2017 10:26:04 AM | Posted in Commodities Reports read full news
Chana futures may trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean Nov futures closed lower last week due to profit booking by the market participants as new season arrivals and stock from last year weigh of prices. Weakness in spot prices weighs on futures too. Market participants are expecting lower arrivals in the physical market b

23/10/2017 10:19:34 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 18830-19120 - Kedia Commodity

Gold

Gold on MCX settled down -0.42% at 29554 after the U.S. Senate approved a budget blueprint that paves the way for tax cuts, causing stocks, the dollar and bond yields to rise. The Republican-controlled Senate voted by 51-to-49 late for the measure, clearing a hurdle for tax cuts that would add up to $1.5 trillion to the federal deficit over the n

23/10/2017 10:03:22 AM | Posted in Commodities Reports read full news
Sell Silver Dec017 @ 39900 SL 40100 Tgt39680-39500 - Kedia Commodity

MCX GOLD UPDATE

Gold prices dropped after the U.S. Senate approved a budget blueprint that paves the way for tax cuts, causing stocks, the dollar and bond yields to rise. The Republican-controlled Senate voted by 51-to-49 late for the measure, clearing a hurdle for tax cuts that would add up to $1.5 trillion to the federal deficit over the next decade.

23/10/2017 9:25:32 AM | Posted in Commodities Reports read full news
Gold prices have already broken the Falling wedge pattern - Enrich Commodities

GOLD

Gold on 19th Oct 2017, Gold prices up by (111) points and trading range between 29612- 29697. December Comex Gold futures settled at $1290 division of the New York Mercantile Exchange.

Gold prices edged higher on the Thursday after Spanish Prime Minister Mariano Rajoy said the country would trigger Article 155 allowing the government to

20/10/2017 5:09:31 PM | Posted in Commodities Reports read full news