Gold prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

Last week, spot gold prices fell by 1 percent to close at $1253.1 per ounce as the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting.

It was the second time in three months that the Fed raised interest rates by a quarter percentage po

19/06/2017 6:34:07 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures closed the week on positive note 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 pric

19/06/2017 11:42:34 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade negative - Sushil Finance

Gold

Gold was little changed on Friday as investors judged that a sell-off sparked by a rise in U.S. interest rates this week had run its course and the dollar weakened, making bullion cheaper for holders of other currencies.

Gold was on track for a second weekly loss and has fallen more than 3 percent from a high of $1,295.97 on June 6 as i

19/06/2017 11:20:42 AM | Posted in Commodities Reports read full news
Menthaoil trading range for the day is 912.1-941.1 - Kedia Commodity

Gold

Gold on MCX settled down -0.27% at 28690 in the wake of signals from the Federal Reserve for another increase to interest rates this year. Downbeat U.S. data, with construction for new houses down in May and a June drop in consumer sentiment, and optimism for China’s economy after a round of monetary stimulus from its central bank, underpin

19/06/2017 10:53:15 AM | Posted in Commodities Reports read full news
Buy Crude Oil around 2870 Target 2900-2915 Stop loss at 2850 - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 16th June 2017, Crude Oil June futures prices Up by 2 pts (0.07%) closed at 2879, trading range between 2971-2899 On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $44.97 a barrel.

On Friday, Houston oilfield services company Baker Hughes said t

19/06/2017 9:45:45 AM | Posted in Commodities Reports read full news
Sell Gold Rise on 28750 Target 28680-28550 Stop loss at 28800 - Enrich Commodities

GOLD

Gold on Friday 16th June 2017, Gold prices down by -78 pts closed at 28690 trading range between 28675-28799 and June Comex Gold futures closed at $1255.79 division of the New York Mercantile Exchange.

Gold prices fell to a three-week low last week, pressured by a stronger U.S. Dollar. The dollar rose in reaction to hawkishly construed a

19/06/2017 9:39:34 AM | Posted in Commodities Reports read full news
Evening Update For 16th June 2017 - Angel Commodities

News and Analysis

* US FED now talks about normalization of balance sheet.

* Japan keeps its monetary policy unchanged in June’17.

* China industrial output and retail sales turn better than expected.

European markets are trading higher today as the International Monetary Fund agreed to join the Greek bailout program

16/06/2017 5:31:13 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.57 percent to close at $1253.5 per ounce as prices fell to a three-week low, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market.<

16/06/2017 12:24:20 PM | Posted in Commodities Reports read full news
Cotton futures are expected to be under pressure - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures corrected sharply on Thursday due to good forecast of rains in soybean growing area of Maharashtra and Madhya Pradesh in coming week. As per the government weekly sowing data, area under soybean crop across the country for the 2017-18 kharif was at 26,900 ha till

16/06/2017 12:12:09 PM | Posted in Commodities Reports read full news
We expect silver prices to trade negative - Sushil Finance

Gold

Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market.

The losses in gold were limited, however, with bullion underpinned by myriad global uncertainties, including a report th

16/06/2017 11:55:34 AM | Posted in Commodities Reports read full news
Buy Crude Oil around 2860-2870 Target 2890-2900 Stop loss at 2850 - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 15th June 2017, Crude Oil June futures prices Up by 4 pts (0.14%) closed at 2877, trading range between 2958-2894 on the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $44.46 a barrel.

Crude futures extended losses for a second straight day, as in

16/06/2017 10:58:31 AM | Posted in Commodities Reports read full news
Sell Gold Positional August contract below 28800 Target 28550-28300 Stop loss at 28950 - Enrich Commodities

GOLD

Gold on Thursday 15th June 2017, Gold prices down by 262pts closed at 28768 trading range between 28705-28950 and June Comex Gold futures closed at $1254.60 division of the New York Mercantile Exchange.

Gold rose slightly in Asia on Friday with sentiment subdued following the Fed rate hike and wavering fortunes for the dollar with invest

16/06/2017 10:51:08 AM | Posted in Commodities Reports read full news
Aluminium trading range for the day is 120-121.2 - Kedia Commodity

Gold

Gold on MCX settled down -0.9% at 28768 plunged in yesterdays session fell to the lowest in three weeks, as Comex prices have slipped from near $1300 over the past seven sessions in the aftermath of yesterday's Fed announcement. The Fed raised interest rates, as expected, but offered a surprisingly hawkish outlook on further rate hike and det

16/06/2017 10:28:36 AM | Posted in Commodities Reports read full news
Evening Update For 15th June 2017 - Angel Commodities

News and Analysis

* US FED now talks about normalization of balance sheet

* Falling copper inventories support copper prices

European markets are trading higher today ahead of the much awaited FOMC statement. Asian markets are trading mixed and the US stocks futures are trading in the green.

Gold prices are trading lower t

15/06/2017 5:07:34 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 38365-40347 - Kedia Commodity

Market Commentary

Silver on MCX settled up 1.67% at 39418 as lackluster U.S. data on inflation and retail sales saw investors temper expectations for more rate hikes by the Federal Reserve. Trump is being investigated by special counsel Robert Mueller for possible obstruction of justice, the Washington Post reported, citing unidentified officials. The

15/06/2017 1:31:01 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices declined marginally by 0.37 percent to close at $1260.7 per ounce after the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting, and the dollar sharply pared its losses against a basket of major currencies.

15/06/2017 11:59:22 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean Jul futures jumps higher on anticipation that farmers may shift out of soybean this season and go for other kharif crops. The prices were under pressure all season on higher arrivals and bumper crop with the farmers. As per the government weekly sowing data, area under soybe

15/06/2017 11:49:18 AM | Posted in Commodities Reports read full news
We expect gold prices to trade negative - Sushil Finance

Gold

Gold turned negative on Wednesday after the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting, and the dollar sharply pared its losses against a basket of major currencies.

It was the second time in three months that the Fed raised interest rates by a quarter percentage point, which wa

15/06/2017 10:30:20 AM | Posted in Commodities Reports read full news
Nickel trading range for the day is 560.5-576.9 - Kedia Commodity

Gold

Gold on MCX settled up 0.3% at 29030 snapping a 5-session losing skid rose after downbeat US economic data boosted speculation the Federal Reserve will raise interest rates today but refrain from further tightening until year's end. Gold prices also got support from a near three-week low hit in the previous session, as Asian stocks fell on a

15/06/2017 10:13:32 AM | Posted in Commodities Reports read full news
Evening Update For 14th June 2017 - Angel Commodities

News and Analysis

* Global markets focus on the FOMC statement due tonight.

* LME Copper stocks fell by 1.2 percent on Tuesday.

* Chinese industrial output, retail sales beat estimates in May’17.

European markets are trading higher today ahead of the much awaited FOMC statement. Asian markets are trading mixed and th

14/06/2017 5:40:08 PM | Posted in Commodities Reports read full news