Evening Update For 28th April 2017 - Angel Commodities

News and Analysis

* Trump indicated a major conflict with North Korea.

* US Advanced GDP data due to be released today.

* LME Copper stocks fell by 0.3 percent on Thursday.

European markets are trading mixed as the risk appetite is low following latest comments by Trump on North Korea. Asian markets are trading lower and t

28/04/2017 5:17:38 PM | Posted in Commodities Reports read full news
Maize trading range for the day is 1461-1523 - Kedia Commodity

Gold

Gold traded in range as a long-awaited U.S. tax cut plan from the Trump Administration failed to inspire investors, who were disappointed by the lack of new details. The European Central Bank stuck to its ultra-easy policy stance as inflation continues to undershoot its target but explicitly acknowledged the vigour of the euro zone economy, now o

28/04/2017 2:33:55 PM | Posted in Commodities Reports read full news
Indian crude oil prices fell on Thursday - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Crude prices were slightly lower after a volatile session on Thursday, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories. 

Libya's Sharara and El Feel oilf

28/04/2017 2:10:58 PM | Posted in Commodities Reports read full news
We expect cotton futures to trade lower - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures continue fall this week for the fourth consecutive session on Thursday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 4750 tonnes. As per Agmarknet, arrivals of soybean during

28/04/2017 12:33:49 PM | Posted in Commodities Reports read full news
Sell Crude oil Rise on 3170-80 target 3150-3100 stop loss at 3200 - Enrich Commodities

Crude Oil

Crude Oil on Wednesday 28th April 2017, Crude Oil may futures prices down by 52 pts (-1.63%) closed at 3147 , trading range between 3191-3101.On the New York, Mercantile Exchange, Crude oil for may delivery on the New York Mercantile Exchange to settle at $48.97 a barrel.

Traders said that Fridays rises came on the back of OPEC sayi

28/04/2017 12:21:37 PM | Posted in Commodities Reports read full news
Sell Gold Rise On at 28810-28830 Target 28750-28700 stop loss at 28860 - Enrich Commodities

Gold

Gold, June month contract prices Up by (50 points) & closed at 28769 trading range between 28703-28817 and Comex Gold futures closed at $1267.20 division of the New York Mercantile Exchange.

Gold prices struggled to hold onto gains, despite the release of weaker than expected economic data as both Initial Jobless Claims and Durable G

28/04/2017 12:09:22 PM | Posted in Commodities Reports read full news
We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.4 percent to close at $1263.7 per ounce from a five-month high in mid-April, giving up gains that came after U.S. President Donald Trump announced unfunded tax cuts, while comments from European Central Bank President Mario Draghi weakened the euro.

28/04/2017 11:46:24 AM | Posted in Commodities Reports read full news
Evening Update For 27th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due today at 6:00 pm IST.

* Bank of Japan kept its monetary policy unchanged.

* LME Copper stocks fell by 0.3 percent on Wednesday.

European markets are trading lower ahead of the ECB Press conference wherein status quo is widely expected. Asian markets are trading mixed and the US

27/04/2017 4:58:09 PM | Posted in Commodities Reports read full news
Gold remained mixed as spot prices ended with small gains - Reliance Sec

FUNDAMENTALS

Gold remained mixed as spot prices ended with small gains, while the futures ended with marginal losses. 

U.S. Treasury yields turned lower and the Dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits. This limited downside in gold pr

27/04/2017 2:15:37 PM | Posted in Commodities Reports read full news
International Natural gas prices are trading marginally lower - Reliance Sec

FUNDAMENTALS – CRUDE OIL

Oil prices settled mixed with NYMEX ending marginally higher, while Brent ending lower on Wednesday 

U.S. West Texas Intermediate (WTI) June futures settled up 6 cents at $49.62 per barrel, while Brent June crude, the international benchmark, ended down 16 cents at $52.41

27/04/2017 1:56:51 PM | Posted in Commodities Reports read full news
Menthaoil trading range for the day is 928.7-952.3 - Kedia Commodity

Gold

Gold on MCX settled down -0.33% at 28719 as investor appetite for riskier assets surged on renewed optimism over the U.S. economy and as political uncertainty in France receded, softening demand. President Donald Trump unveiled a one-page plan proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted

27/04/2017 12:25:53 PM | Posted in Commodities Reports read full news
We expect Jeera futures to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures continue fall this week for the third consecutive session on Wednesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 4750 tonnes. As per Agmarknet, arrivals of soybean during

27/04/2017 11:37:41 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by 0.42 percent to close at $1268.7 per ounce buoyed by short-covering on Wednesday as U.S. Treasury yields turned lower and the dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits.

Trump proposed c

27/04/2017 11:28:54 AM | Posted in Commodities Reports read full news
Evening Update For 26th April 2017 - Angel Commodities

News and Analysis

* ECB Press Conference due tomorrow.

* German Ifo Business Climate rose to 112.9 in April’17.

* LME Copper stocks fell by 0.3 percent on Tuesday.

 

European markets are trading sideways ahead of the ECB Press conference due tomorrow. Asian markets are trading higher and the US stocks

26/04/2017 5:50:10 PM | Posted in Commodities Reports read full news
Copper prices are currently trading higher - Angel Commodities

Bullion

Gold

Spot gold prices declined by 0.93 percent on Tuesday to close at $1263.4 per ounce as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

A gauge

26/04/2017 3:49:54 PM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean May futures see a steep fall of 2% on Tuesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 7500 tonnes. As per Agmarknet, arrivals of soybean during Apr 1- 25 is 2,32,853 tonnes while dur

26/04/2017 3:33:01 PM | Posted in Commodities Reports read full news
Natural gas price ended lower - Reliance Sec

FUNDAMENTALS – CRUDE OIL


Oil prices settled slightly higher on Tuesday in volatile trading. However after hours data from an industry group's preliminary report showed a surprise build in U.S. crude inventories. This limited upside. 
Oil prices fluctuated throughout the day after falling sharply over the previous six sessi

26/04/2017 3:17:57 PM | Posted in Commodities Reports read full news
Indian gold prices could open down, tracking weak overseas prices - Reliance Sec

FUNDAMENTALS

Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.


Spot gold ended down 0.93% at $1,263.4 an ounce and was on track for its weakest

26/04/2017 2:41:33 PM | Posted in Commodities Reports read full news