Evening Update For 28th March 2017 - Angel Commodities

News and Analysis

* US Republican Healthcare bill backed by Trump failed in Congress.

* German Ifo Business Climate surged to 112.3 in Mar’17.

* LME Copper stocks fell by 0.7 percent on Monday. 

 

European stocks are trading higher as global concerns regarding US economic policy subsided. Asian m

28/03/2017 4:35:16 PM | Posted in Commodities Reports read full news
Sell Gold Below 28810 target 28750-28730 stop loss at 28850 - Enrich Commodities

Gold

Gold on Monday 27th March 2017, Gold prices up by (14pts) & closed at 28807 trading range between 28938-28762 and April Comex Gold futures closed at $1255.70 division of the New York Mercantile Exchange.

Gold extended its gains to a one-month high on Monday as the dollar tumbles against a basket of currencies, while global stocks ski

28/03/2017 11:33:21 AM | Posted in Commodities Reports read full news
Sell Crude Oil below 3140 Target 3115-3080 stop loss at 3165 - Enrich Commodities

Crude Oil

Crude Oil on Monday 27th March 2017, Crude Oil April futures prices down by 30pts closed at 3112, trading range between 3075-3160.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 47.73 a barrel.

Crude prices fell on Monday amid ongoing negative pressures due to

28/03/2017 11:25:45 AM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 1336-1432 - Kedia Commodity

Gold

Gold settled flat paring its gains seen earlier as the dollar slid after President Donald Trump's failure to pass healthcare reform raised doubts over his ability to push through his economic agenda. Gold had already rallied sharply from its March 15 low following a less hawkish policy statement than expected from the Federal Reserve, which da

28/03/2017 11:09:38 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.8 percent to close at $1253.8 per ounce after U.S. President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans.

Gold had already rallie

28/03/2017 10:04:50 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed lower on Monday falls more than 0.5% due to higher arrivals and steady demand from the mills. The supplies have been higher this week compared to previous week. As per Agmarknet, arrivals of soybean during 20-25 Mar were about 80,555 tonnes Vs 40,910 tonn

28/03/2017 9:53:20 AM | Posted in Commodities Reports read full news
We expect MCX March contract to trade higher - Angel Commodities

Jeera / Cumin

* Jeera futures jumped higher last week on good physical and export demand coupled with lower supplies. The most-active Apr’17 delivery contract closed 7.2 % higher to settle at Rs. 17,935 per quintal. Market participants are expecting good exports demand in coming months.

* The arrivals have declined last week in the phys

27/03/2017 5:28:29 PM | Posted in Commodities Reports read full news
Evening Update For 27th March 2017 - Angel Commodities 

News and Analysis

* US Republican Healthcare bill backed by Trump failed in Congress.

* German Ifo Business Climate surged to 112.3 in Mar’17.

* LME Copper stocks fell by 0.4 percent on Friday. 

 

European stocks are trading lower as global investors are skeptical whether Donald Trump will be able

27/03/2017 5:15:02 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 41045-41861 - Kedia Commodity

Gold

Gold prices settled flat, but gained on weekly basis as concern about the ability of U.S. President Donald Trump to push legislation through Congress pressured the dollar. The dollar remained near seven-week lows against a basket of currencies ahead of a vote on a healthcare bill, formally called the American Health Care Act.

Gold, seen

27/03/2017 11:01:59 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices traded higher by 1.3 percent, to close at $1243.8/oz, while MCX gold prices rose by 1 percent at Rs.28793 per 10 gms.

The European Central Bank said on Thursday that economic recovery in the euro zone was gaining ground while data last week indicated strong

27/03/2017 10:44:38 AM | Posted in Commodities Reports read full news
We expect gold prices to trade positive on the back of safe haven bet - Sushil Finance

Gold

Gold rose on Friday, notching its second straight week of gains as concern about the ability of U.S. President Donald Trump to push legislation through Congress pressured the dollar, making bullion cheaper for holders of other currencies. Gold, seen as a safe haven asset, has benefited from falls in the dollar, U.S. bond yields and stocks this wee

27/03/2017 10:31:57 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed higher for the week but falls more than 2% on Friday on higher arrivals and steady demand from the mills. The supplies have been higher compared to last week. As per Agmarknet, arrivals of soybean during 20-25 Mar were about 80,555 tonnes Vs 40,910 tonnes

27/03/2017 10:13:17 AM | Posted in Commodities Reports read full news
sell Crude Oil Rise on 3150-3160 Target 3130-3100 stop loss at 3175 - Enrich Commodities

Crude Oil

Crude Oil on Friday 24th March 2017, Crude Oil April futures prices down by 1pts closed at 3142, trading range between 3123-3159.On the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $ 48.10 a barrel.

Crude prices rose modestly on Friday ahead of the weekend while stil

27/03/2017 9:14:05 AM | Posted in Commodities Reports read full news
Buy Gold Dips on 28900-28950 Target 29100-29200 Stop loss 28800 - Enrich Commodities

Gold 

Gold on Friday 24th March 2017, Gold prices down by (-7pts) & closed at 28793 trading range between 28828-28703 and April Comex Gold futures closed at $1243 division of the New York Mercantile Exchange.

Gold last traded at $1,247.6 an ounce, up from the opening of $1,245.6, with a session-high at $1,248.7, and a low at $1,240.9

27/03/2017 9:08:03 AM | Posted in Commodities Reports read full news
Evening Update For 24th March 2017 - Angel Commodities

News and Analysis

* US Healthcare bill set for vote in the Congress today.

* US crude oil stocks surged by 5 million barrels.

* Shanghai Copper stocks fell to 312,584 tonnes this week. 

 

European stocks are trading lower as investors are cautious ahead of the Republican health-care bill vote in the Con

24/03/2017 5:00:54 PM | Posted in Commodities Reports read full news
Nickel trading range for the day is 646.8-663.8 - Kedia Commodity

Gold

Gold on MCX settled down -0.29% at 28800 amid a firmer dollar as markets waited to see if U.S. President Donald Trump will face hurdles on his economic agenda. Dallas Federal Reserve Bank President Robert Kaplan said Thursday that the U.S. central bank should be moving "deliberately but patiently" to remove monetary policy accommodation

24/03/2017 11:31:46 AM | Posted in Commodities Reports read full news
We expect Crude Oil prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.32 percent to close at $1244 per ounce as the dollar index, which measures the greenback against a basket of currencies, was slightly firmer at 99.769. It had dropped to its lowest in nearly seven weeks at 99.547 on Wednesday.

The European Cen

24/03/2017 11:04:48 AM | Posted in Commodities Reports read full news
We expect silver prices to trade sideways - Sushil Finance

Gold

Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector. U.S. stocks rose slightly on Thursday, with gains limited by signs that President Donald Trump was struggling to get enough votes to pass a healthcare bill in Congress, while European shares r

24/03/2017 10:50:36 AM | Posted in Commodities Reports read full news
Buy Gold Dips on 28750-28780 Target 28850- 28950 Stop loss 28700 - Enrich Commodities

Gold

Gold on Wednesday 23rd March 2017, Gold prices down by -85pts () & closed at 28800 trading range between 28948-28750 and April Comex Gold futures closed at $1247.20, division of the New York Mercantile Exchange.

Gold prices pulled back from a session high of 28950 ($1,253.15) in early morning US trade weighed by a rise in the dollar,

24/03/2017 10:31:10 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged higher on Thursday due to higher demand even the supplies have been higher compared to last week. As per Agmarknet, arrivals of soybean this week till Thursday are about 48,859 tonnes Vs 23,832 tonnes last week same time. There is a good domestic as well a

24/03/2017 10:23:57 AM | Posted in Commodities Reports read full news