Evening Update For 17th February 2017 - Angel Commodities

News and Analysis

* Philly Fed Manufacturing Index jumped to 43.3 in Feb’17.

* LME Copper stocks down by 3.2 percent on Wednesday.

* UK Retail Sales down by 0.3 percent in Jan’17.

European stocks are trading lower today hurt by decline in mining and bank stocks. Asian markets are trading lower and the US stock

17/02/2017 5:00:31 PM | Posted in Commodities Reports read full news
Sell Crude Oil Below at 3575 target 3555-3530 stop loss 3600 - Enrich Commodities

Crude Oil

Crude Oil on Thursday 16th Feb 2017, Crude Oil Feb futures prices up by 28 pts (0.78%) closed at 3624, trading range between 3573-3631.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $53.36 a barrel.

Crude prices rose on Thursday after news showed OPEC could cut

17/02/2017 1:14:05 PM | Posted in Commodities Reports read full news
Buy Gold future at above 29320-50 Target 29400-29470 Stop loss at 29270 - Enrich

Gold

Gold on Thursday 16th Feb 2017, Gold prices up 273pts (0.94%) & closed at 29416 trading range between 29182-29485 and April Comex Gold futures closed at $1241.60, division of the New York Mercantile Exchange. Gold prices rose on Thursday to a one-week high as the dollar fell for the second consecutive session, underpinning the precious metal

17/02/2017 1:07:55 PM | Posted in Commodities Reports read full news
We expect oil prices to trade lower - Angel

Bullion

Gold

On Thursday, spot gold prices rose by half a percent to close at $1238.8 per ounce as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe.

Concern over U.S. President

17/02/2017 11:31:43 AM | Posted in Commodities Reports read full news
We expect Jeera futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures closed lower on Thursday on weak spot market as sufficient supplies pitting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The Soybea

17/02/2017 10:45:19 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 29058-29664 - kedia Commodity

Gold

Gold on MCX settled up 0.94% at 29416 as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal. Concern over U.S. President Donald Trump's policies, as well as elections in the Netherlands, France and Germany this year, have fueled gold's rise. But the prospect of a higher dollar

17/02/2017 10:19:00 AM | Posted in Commodities Reports read full news
Evening Update For 16th February 2017 - Angel Commodities

News and Analysis

* Janet Yellen sounds hawkish in her testimony.

* LME Copper stocks up by 0.4 percent on Tuesday.

* US Crude Oil Inventories surged by 9.5 million bbl last week.

European stocks are trading lower today on concerns that the rally in global stocks post Yellen’s comments was overdone. Asian markets ar

16/02/2017 5:41:11 PM | Posted in Commodities Reports read full news
MCX, gold prices are expected to trade higher today - Angel

Bullion

Gold

On Wednesday, spot gold prices rose by 0.35 percent to close at $1232.6 per ounce as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

U

16/02/2017 11:44:14 AM | Posted in Commodities Reports read full news
 Cotton trading range for the day is 20653-20913 - kedia Commodity

Gold

Gold on MCX settled up 0.49% at 29143 recovered from initial fall snapping a week-long losing streak as the dollar drifted down from one-month highs hit in the previous session on upbeat U.S. economic data. The dollar index was down 0.2 percent at 100.98. It had rallied to its highest since Jan. 12 at 101.76 after the data was released. US retail

16/02/2017 10:36:16 AM | Posted in Commodities Reports read full news
Guar Complex prices jumped higher - Angel Commodities

NCDEX Guar Complex prices jumped higher on Wednesday on expectation of good export demand in coming months. The NCDEX most-active Guar Seed March Delivery contract rose 2.21 percent or Rs 72 on Wednesday to Rs 3,328 per quintal. In Guar seed, same type of jump was seen on 1st Feb but then the prices have move down due weak fundamentals of higher carryover stocks with the traders and millers.&nb

15/02/2017 5:26:38 PM | Posted in Commodities Reports read full news
Evening Update For 15th February 2017 - Angel Commodities

News and Analysis

* Janet Yellen sounds hawkish in her testimony.

* LME Copper stocks declined by 3 percent on Monday.

* UK’s Claimant Count Change down by 42.4k in Jan’17.

European stocks are trading higher today as major banking shares gained in anticipation of tighter monetary policy in the US. Asian market

15/02/2017 5:24:44 PM | Posted in Commodities Reports read full news
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