Buy Crude Oil above 3560 Target 3570-3600 Stop loss 3530 - Enrich Commodities

Crude Oil

Crude Oil on Tuesday 14th Feb 2017, Crude Oil Feb futures prices up by 20 pts (0.56%) closed at 3565 , trading range between 3541-3590.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.20 a barrel.

Crude oil prices moved higher on Tuesday after API inventory re

15/02/2017 11:19:11 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.26 percent to close at $1228.2 per ounce as the dollar ticked higher after U.S. Federal Reserve Chair Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank.

The Federal Reserve will likely need to raise interes

15/02/2017 10:58:03 AM | Posted in Commodities Reports read full news
Cotton trading range for the day is 20593-20953 - Kedia

Gold

Gold on MCX settled down -0.07% at 29001 edged lower after Federal Reserve Chair Janet Yellen told Congress that waiting too long to raise interest rates would be "unwise" as economic growth continues and inflation rises. The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Yellen said on Tuesday, althoug

15/02/2017 10:45:26 AM | Posted in Commodities Reports read full news
Sell Gold Below 28875 target 28800-28600 stop loss 29000 - Enrich Commodities

Gold

Gold on Tuesday 14th Feb 2017, Gold prices up down -20 pts (-0.7%) & closed at 29001 trading range between 28953-29173 and April Comex Gold futures closed at $1225.40, division of the New York Mercantile Exchange.

Gold prices returned lower on Tuesday after a positive start for the session, following Fed chair Yellen testimony ahead

15/02/2017 10:28:39 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade down - Angel Commodities

Soybean

Soybean futures continue to trade lower this week on expectation of sufficient supplies in the domestic market. The production will be higher this year and the oil millers are purchasing soybean at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estim

15/02/2017 10:00:08 AM | Posted in Commodities Reports read full news
Evening Update For 14th February 2017 - Angel Commodities

News and Analysis

* Janet Yellen Speech the key watch tonight

* LME Copper stocks continue to fall creating support for prices

European stocks are trading higher today ahead of key speech by Janet Yellen the Chair person of the US Fed. Asian markets are trading lower and the US stock futures are trading in the red.

Gold p

14/02/2017 5:10:07 PM | Posted in Commodities Reports read full news
Buy Crude Oil Above 3570 target 3595-3620 stop loss 3550 - Enrich Commodities

CRUDEOIL

Crude Oil on Monday 13th Feb 2017, Crude Oil Feb futures prices down by -64 pts (-1.77%) closed at 3545, trading range between 3537-3610.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $52.93 a barrel.

Crude prices fell on Monday after three sessions of gains amid

14/02/2017 12:05:57 PM | Posted in Commodities Reports read full news
Sell Gold below 28900 target 28700-28500 stop loss -29100 - Enrich Commodities

GOLD

Gold on Monday 13th Feb 2017, Gold prices up down -152 pts (-0.52%) & closed at 29021 trading range between 28941-29166 and April Comex Gold futures closed at $1225.80, division of the New York Mercantile Exchange.

Gold prices were slightly lower on Monday, as recent actions by U.S. President Donald Trump helped calm investor worries

14/02/2017 10:46:55 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

Spot gold prices declined by 0.7 percent to close near one week low of $1225 per ounce as the dollar gained momentum after two-day US Japan summit held over the weekend was seen to have ended smoothly.

Also, the greenback buoyed by a smooth meeting between U.S. President Donald Trump a

14/02/2017 10:25:01 AM | Posted in Commodities Reports read full news
Silver trading range for the day is 42127-42879 - Kedia

Gold

Gold on MCX settled down -0.52% at 29021 as the dollar rose and equities climbed, but political and economic uncertainty in the United States and in Europe due to elections is expected to continue to give underlying support for now. U.S. economic data has stoked talk that the Federal Reserve would press ahead with U.S. interest rate hikes sooner

14/02/2017 10:13:01 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade down - Angel Commodities

Soybean

Soybean futures continue to trade lower this week on expectation of sufficient supplies in the domestic market. The production will be higher this year and the oil millers are purchasing soybean at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estim

14/02/2017 9:58:29 AM | Posted in Commodities Reports read full news
Copper and other base metals shot high - Angel Commodities

Copper and other base metals shot high after a surprising phone call between the leaders of two superpowers, the US and China. In a latest positive development, US President Trump in a phone call to Chinese President Xi Jinping reaffirmed his commitment to the "One China" policy. This is significant since Trump had expressed doubts regarding the same policy in his phone call to Taiwan

13/02/2017 5:59:56 PM | Posted in Commodities Reports read full news
Sell MCX Natural Gas February between 209 – 211, Stoploss – 214, Target – 199 / 197 - Angel Commodities

MCX GOLD

MCX Gold Apr as seen in the weekly chart above has opened the week with gap up at 28,950 levels and during this week prices have rallied sharply and made a weekly high of 29,414 levels. At the last trading session of the week prices corrected sharply from higher levels and made a weekly low of 28,925 levels and after that on the same day price

13/02/2017 5:57:11 PM | Posted in Commodities Reports read full news
Evening Update For 13thFebruary 2017 - Angel Commodities

News and Analysis

* Trump hosts Japanese PM today at the White house.

* LME Copper stocks fell marginally on Friday.

* US affirmation towards “One China” policy boosts base metals.

European stocks are trading higher today ahead of key events lined up this week. Asian markets are trading higher and the US stock

13/02/2017 5:33:10 PM | Posted in Commodities Reports read full news
We expect cotton and kapas futures to trade sideways to higher - Angel Commodities

Soybean

Soybean futures closed lower last week and trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1,55,160 tonnes of soymeal was exported in Jan 2017 as against 28,400 tonnes in the same period last year.

13/02/2017 10:42:14 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28822-29380 - Kedia

Gold

Gold prices recovered from lows to end with gains as the U.S. dollar and Treasury yields came off their highs after the currency initially jumped on U.S. President Donald Trump's promise of a major tax announcement. U.S. economic data has also stoked talk that the Federal Reserve would press ahead with U.S. interest rate hikes sooner rather t

13/02/2017 10:36:40 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined marginally by 0.1 percent to close at $1234 per ounce after robust U.S. economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise U.S. interest rates.

The data showing rising U.S. wholesale inventorie

13/02/2017 10:23:24 AM | Posted in Commodities Reports read full news
Buy Crude Oil above 3605 Target 3625-3650 Stop loss 3577 - Enrich

Crude Oil

Crude Oil on Friday 10th Feb 2017, Crude Oil Feb futures prices up by 65 pts (1.83%) closed at 3609, trading range between 3541-3620.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.87 a barrel.

On Friday, Crude prices rose for the third straight session, near

13/02/2017 9:01:37 AM | Posted in Commodities Reports read full news
Buy Gold future dips on 29060-29040 Target 29140-29250 Stop loss 289 - Enrich

Gold

Gold on Friday 10th Feb 2017, Gold prices up by 89 pts (0.29%) & closed at 29173 trading range between 28925-29204 and April Comex Gold futures closed at $1235.0, division of the New York Mercantile Exchange. On Friday, Gold futures finished the week higher in spite of two sessions of selling pressure following a move into a three-month high.

13/02/2017 9:01:25 AM | Posted in Commodities Reports read full news