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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 November 2024 - Geojit Financial Services Ltd Gold Prices may edge northward. Falling below EMA 75500 level can induce mild correction   Silver Mild correction is possible in the counter. Recovery move may strengthen above EMA level 91000.   Crude Oil Prices could stretch northward if trades break above EMA level 5970. Or else, corrective dips possible to witness below this level.   Natural Gas MACD bullish divergence suggest positivity. However, a fall below 279 may trigger correc...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 November 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-21 05:35:53 pm
Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis Securities Ltd GOLD * Nearby Support: 76,100/ 75,800/ 75,400 * Nearby Resistance: 76,700/ 77,000/ 77,400 * Nearby Gaps: 76,520 * Nearby Camarilla Levels: 76,300 (S), 76,700 (R) BUY GOLD ABOVE 76700 SL BELOW 76400 TGT 77100/77400   SILVER * Nearby Support: 90,100/ 89,500/ 89,000 * Nearby Resistance: 91,000/ 91,700/ 92,500 * Nearby Gap(s): 90,138 * Nearby Camarilla Levels: 90,000 (S), 90,600 (R) BUY SILVER ABOVE 91000 SL BELOW 90300 TGT 92000/92500   ...
Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis Securities Ltd
Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis Securities Ltd
Source: Axis Securities Ltd
2024-11-21 05:31:06 pm
Evening Track : Renewed Geopolitical uncertainty fuels commodities price by Kotak Securities Ltd Comex Gold futures continue to trade positive for the fourth day about $2,670 an ounce, driven by increased haven demand and expectations of further US interest rate cuts. Renewed geopolitical tensions, particularly Russia's ongoing invasion of Ukraine and the recent deployment of British cruise missiles by Kyiv, have contributed to heightened uncertainty, boosting gold's appeal as a safe-haven asset. On the domestic front, Federal Reserve Bank of Boston President Susan Collins advoca...
Evening Track : Renewed Geopolitical uncertainty fuels commodities price by Kotak Securities Ltd
Evening Track : Renewed Geopolitical uncertainty fuels commodities price by Kotak Securities Ltd
Source: Kotak Securities Ltd
2024-11-21 05:19:38 pm
Quote on Gold by Mr. Sandip Raichura, CEO - Retail Broking and Distribution, Director - PL Broking and Distribution  Below the Quote on Gold by Mr. Sandip Raichura, CEO - Retail Broking and Distribution, Director - PL Broking and Distribution   “At the time of writing this piece, U.S. gold futures are trading around $2,660.00. This marks the fourth day and a one week high , when gold has recovered from near our support levels of around 2500 USD. The sudden spike of conflict in the Russia Ukraine is most likely behind this move. Ukraine fired a series of British Storm Shadow cruis...
Quote on Gold by Mr. Sandip Raichura, CEO - Retail Broking and Distribution, Director - PL Broking and Distribution
Quote on Gold by Mr. Sandip Raichura, CEO - Retail Broking and Distribution, Director - PL Broking and Distribution
Source: PR Agency
2024-11-21 02:25:08 pm
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities   Comex gold extended its gains for a third consecutive day on Wednesday, reaching $2,682.80 per ounce, driven by safe-haven demand amid escalating geopolitical tensions. The Russia-Ukraine conflict intensified, particularly after Russia threatened to use nuclear weapons, although Moscow's assurances that every effort would be made to avoid nuclear war helped ease market concern...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Source: Kotak Securities Ltd
2024-11-21 12:18:56 pm
Colombia's Coffee Boom: Rising Production, Exports, and Challenges in 2024/25 by Amit Gupta, Kedia Advisory Colombia's coffee production for the 2024/25 marketing year is projected to rise by 1.1% to 12.9 million bags (green bean equivalent) due to favorable weather and advanced agronomic practices. Exports are expected to reach 12 million bags, with the U.S. maintaining its position as the primary market while China shows rapid growth as a significant importer. Domestic consumption is estimated at 2.3 million bags, reflecting modest economic recovery. While global coffee prices and exchange ra...
Colombia's Coffee Boom: Rising Production, Exports, and Challenges in 2024/25 by Amit Gupta, Kedia Advisory
Colombia's Coffee Boom: Rising Production, Exports, and Challenges in 2024/25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 12:13:23 pm
Copper and other base metals recovery continue as bargain buying, and a pullback in the US dollar eased pressure on base metal prices - HDFC Securities Ltd GLOBAL MARKET ROUND UP The war between Russia and Ukraine escalated further, leading to a surge in gold prices for the third consecutive session. Tensions are rising between Ukraine and Russia following claims that Ukraine fired long-range missiles into Russia. According to reports, Russia is ready to unleash intercontinental ballistic missiles in possible retaliation against Kiev. Geopolitical tensions overshadowed continued weak demand and high supply, causing crude oil to retreat fro...
Copper and other base metals recovery continue as bargain buying, and a pullback in the US dollar eased pressure on base metal prices - HDFC Securities Ltd
Copper and other base metals recovery continue as bargain buying, and a pullback in the US dollar eased pressure on base metal prices - HDFC Securities Ltd
Source: HDFC Securities
2024-11-21 11:51:52 am
Gold Prices Surge Amid Escalating Geopolitical Risks and US Economic Concerns by Amit Gupta, Kedia Advisory Gold prices have rallied to a one-and-a-half-week high, driven by heightened geopolitical risks from the Russia-Ukraine conflict and a weaker US Dollar. For the fourth consecutive day, safe-haven demand has supported the yellow metal, despite rising US bond yields, which could limit further upside. Investors are also concerned about the inflationary impact of US President-elect Trump’s proposed policies, which may restrict the Federal Reserve’s ability to ease monetary policy. Tec...
Gold Prices Surge Amid Escalating Geopolitical Risks and US Economic Concerns by Amit Gupta, Kedia Advisory
Gold Prices Surge Amid Escalating Geopolitical Risks and US Economic Concerns by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:40:11 am
Oil Prices Rise Marginally Amid Geopolitical Tensions, U.S. Inventories Weigh by Amit Gupta, Kedia Advisory Oil prices saw a slight increase on Thursday as geopolitical concerns, primarily the escalation of tensions between Russia and Ukraine, supported market sentiment. Ukraine’s missile strikes on Russia and the involvement of Western weapons heightened uncertainties in global oil markets. Despite these concerns, oil prices were capped by a larger-than-expected increase in U.S. crude inventories, rising by 545,000 barrels to 430.3 million barrels. Additionally, strong oil consumption growth...
Oil Prices Rise Marginally Amid Geopolitical Tensions, U.S. Inventories Weigh by Amit Gupta, Kedia Advisory
Oil Prices Rise Marginally Amid Geopolitical Tensions, U.S. Inventories Weigh by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:33:23 am
Low Soyabean Procurement Amid Relaxed Moisture Norms by Amit Gupta, Kedia Advisory Soyabean procurement under the Price Support Scheme (PSS) has been significantly low, reaching only 2.6% of the 32.24 lakh tonnes (lt) approved by the Centre as of November 18. Despite a relaxation in the moisture content norm, the procurement process has been slow, with states like Telangana leading while others like Maharashtra and Karnataka report minimal purchases. The Centre’s decision to allow up to 15% moisture is seen as a step to support farmers, but the benefits are limited du...
Low Soyabean Procurement Amid Relaxed Moisture Norms by Amit Gupta, Kedia Advisory
Low Soyabean Procurement Amid Relaxed Moisture Norms by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:28:47 am
Buy Turmeric Dec @ 13800 SL 13500 TGT 14250-14400. NCDEX - Kedia Advisory Jeera Observations Jeera trading range for the day is 24900-25740. Jeera gains on short covering after prices dropped as arrival has increased. There is a possibility of 25 percent reduction in cumin sowing in Gujarat Carryover stock of 20 lakh bags of cumin is estimated in the new season In Unjha, a major spot market, the price ended at 25267.95 Rupees gained by 0.17 percent. BUY JEERA DEC @ 25000 SL 24700 TGT 25400-25600. NCDEX   Dhaniya Observations ...
Buy Turmeric Dec @ 13800 SL 13500 TGT 14250-14400. NCDEX - Kedia Advisory
Buy Turmeric Dec @ 13800 SL 13500 TGT 14250-14400. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:27:48 am
India`s Red Chilli Acreage Declines Due to Low Prices & High Stocks by Amit Gupta, Kedia Advisory India's red chilli acreage has seen a sharp decline of 25-30% this cropping season, primarily in Andhra Pradesh, Telangana, and Karnataka. The shift to alternative crops like maize, tobacco, and green gram, along with low chilli prices and high carry-forward stocks, has influenced farmers' cropping decisions. In key regions such as Guntur, Telangana, and Karnataka, stocks of red chillies are significantly higher than last year. The lower prices of popular varieties like Byadgi and hyb...
India`s Red Chilli Acreage Declines Due to Low Prices & High Stocks by Amit Gupta, Kedia Advisory
India`s Red Chilli Acreage Declines Due to Low Prices & High Stocks by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:20:42 am
Buy NaturalGas Nov @ 266 SL 262 TGT 272-276. MCX - Kedia Advisory Crudeoil Observations Crudeoil trading range for the day is 5757-5955. Crude oil prices drifted lower on weak demand and data showing an increase in U.S. crude inventories. Kazakhstan's biggest oil field Tengiz, has reduced oil output by 28%-30% due to ongoing repairs US crude oil inventories jumped by 4.753 million barrels, after falling by 0.77 million barrels in the previous week - API IEA sees 2025 oil market in supply surplus BUY CRUDEOIL DEC @ 5800 SL 5720 TGT 5...
Buy NaturalGas Nov @ 266 SL 262 TGT 272-276. MCX - Kedia Advisory
Buy NaturalGas Nov @ 266 SL 262 TGT 272-276. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:18:29 am
Global Wheat Crunch Looms as Farmers Hoard Crops by Amit Gupta, Kedia Advisory Global wheat markets face tightening supplies as farmers in major exporting regions, including the U.S., Australia, and the Black Sea, hoard crops amid low prices. Millers in Asia and the Middle East are grappling with reduced stock coverage, risking vulnerability to potential price hikes. Meanwhile, global wheat inventories are forecasted to hit a nine-year low by mid-2025. High interest rates discourage stockpiling, further exacerbating the supply crunch. Russian farmers are selling some st...
Global Wheat Crunch Looms as Farmers Hoard Crops by Amit Gupta, Kedia Advisory
Global Wheat Crunch Looms as Farmers Hoard Crops by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:16:17 am
Buy CottonCandy Nov @ 54200 SL 53800 TGT 54600-54900. MCX - Kedia Advisory Cottoncandy Cottoncandy prices rose by 0.2% to settle at Rs.54,480, supported by concerns over lower production in India. The USDA has revised India’s cotton production forecast for 2024/25 down by 7.4% to 30.72 million bales due to excessive rainfall and pest issues. Acreage under cotton cultivation fell by 9% to 11.29 million hectares, with farmers in Gujarat opting for groundnuts, which offered better returns. This reduction in production is expected to drive India’s cotton ...
Buy CottonCandy Nov @ 54200 SL 53800 TGT 54600-54900. MCX - Kedia Advisory
Buy CottonCandy Nov @ 54200 SL 53800 TGT 54600-54900. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-21 10:43:01 am
Buy Zinc Nov @ 278 SL 276 TGT 281-283. MCX - Kedia Advisory Aluminium OBSERVATIONS Aluminium trading range for the day is 240.3-249.5. Aluminum rose amid lower supply from major producers China announced it will end tax rebates on exports of semi-manufactured aluminum products in December Global aluminium output rises 1.3% year on year in October – IAI BUY ALUMINIUM NOV @ 243 SL 241 TGT 246-248. MCX   Copper OBSERVATIONS Copper trading range for the day is 809.5-822.9. Copper climbed as Peru copper outpu...
Buy Zinc Nov @ 278 SL 276 TGT 281-283. MCX - Kedia Advisory
Buy Zinc Nov @ 278 SL 276 TGT 281-283. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-21 10:28:31 am
Buy Silver Dec @ 89700 SL 89000 TGT 90600-91200. MCX - Kedia Advisory Silver Observations Silver trading range for the day is 88590-91440. Silver prices eased as concerns over the escalating Russia-Ukraine conflict began to subside. Investors remain hopeful that US President-elect Donald Trump's touted expansionary policies will boost inflation Fed’s Collins said that another rate cut in December is on the table, but it is not a "done deal" Fed’s Powell said that there’s no need to hurry into cutting interest ra...
Buy Silver Dec @ 89700 SL 89000 TGT 90600-91200. MCX - Kedia Advisory
Buy Silver Dec @ 89700 SL 89000 TGT 90600-91200. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-21 10:12:48 am
Buy Gold Dec @ 75850 SL 75650 TGT 76200-76500. MCX - Kedia Advisory Gold Observations Gold trading range for the day is 75115-76635. Gold gains as markets reassessed tensions between Russia and Ukraine. Most investors still anticipate a 25bps Fed rate cut in December, the probability has dipped to 58% from 62%. The U.S. central bank is widely expected to deliver a third rate cut in December Gold production in South Africa dropped by 3.7% year-on-year in September 2024 BUY GOLD DEC @ 75850 SL 75650 TGT 76200-76500. MCX
Buy Gold Dec @ 75850 SL 75650 TGT 76200-76500. MCX - Kedia Advisory
Buy Gold Dec @ 75850 SL 75650 TGT 76200-76500. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-21 10:11:05 am
MCX Crude oil December is likely to hold the support near 5750 and rise towards 5950 - ICICI Direct Bullion Outlook * Spot gold is expected to extend its rebound towards $2680 amid safe haven buying. Escalating geopolitical tension between Russian and Ukraine and risk off sentiments could provide some support to the bullions. Meanwhile, diminishing probability of 25 bps interest rate cut by the Fed in December could restrict its upside. As per the CME Fed watch tool Dec rate cut has reduced to 56% from 82% a week ago. Now, focus will remain on speeches from the Fed members and key econom...
MCX Crude oil December is likely to hold the support near 5750 and rise towards 5950 - ICICI Direct
MCX Crude oil December is likely to hold the support near 5750 and rise towards 5950 - ICICI Direct
Source: ICICI Direct
2024-11-21 10:06:24 am
MCX Gold is likely to trade with positive bias during today`s trading session - Monarch Networth Capital Ltd COMMODITY TECHNICAL OUTLOOK * MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.75700 - 75400 levels whereas resistance is at Rs.76300 – 76600 levels. * MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.89000 - 88000 levels whereas resistance is at Rs.91000 - 92000 levels. * MCX Crude Oil is likely to trade with sideways to positive bias during today’s tra...
MCX Gold is likely to trade with positive bias during today`s trading session - Monarch Networth Capital Ltd
MCX Gold is likely to trade with positive bias during today`s trading session - Monarch Networth Capital Ltd
Source: Monarch Networth Capital Ltd
2024-11-21 09:25:44 am
Agri Commodity Technical Report 21 November 2024 - Geojit Financial Services Ltd MARKET NEWS/UPDATES * The government is considering lifting the suspension on futures trading of oil, oilseeds, and pulses, according to two senior government officials. "Representatives from the National Commodity & Derivatives Exchange have visited the government several times and made their representations. Current discussions are pointing towards the lifting of futures trade suspension from oilseed derivatives and pulses. However, any lifting of the suspension of paddy and whe...
Agri Commodity Technical Report 21 November 2024 - Geojit Financial Services Ltd
Agri Commodity Technical Report 21 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-21 09:23:30 am
Commodity Intraday Technical Outlook 21 November 2024 - Geojit Financial Services Ltd Gold LBMA Spot Mild upticks expected, but major rallies likely to see only a break above $ 2685. Silver LBMA Spot Initial bias mostly choppy. Break above $31.50 upbeat momentum is on the cards. Crude Oil NYMEX Choppy trades inside $67-70 is likely initially and either side breakout would suggest fresh directions. Gold KG Dec Further selloffs expected only below Rs 74600. Else, most likely for recovery rallies for the day. Silver KG Dec Inability to break the support...
Commodity Intraday Technical Outlook 21 November 2024 - Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 21 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-21 09:20:17 am
Cottoncandy trading range for the day is 53770-54950 - Kedia Advisory Gold Gold prices rose by 0.59% yesterday to settle at ?76,034, driven by heightened geopolitical tensions between Russia and Ukraine. Reports of Ukraine’s missile strike and Russia’s nuclear doctrine updates spurred demand for safe-haven assets. However, comments from Russian Foreign Minister Lavrov and the US confirming no policy shifts tempered fears. Despite this, gold demand in India softened post-festive season due to price volatility, with dealers charging premiums of $3 ...
Cottoncandy trading range for the day is 53770-54950 - Kedia Advisory
Cottoncandy trading range for the day is 53770-54950 - Kedia Advisory
Source: Kedia Advisory
2024-11-21 09:16:07 am
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 November 2024 - Geojit Financial Services Ltd Gold Sustained trades above EMA level 75440 may keep prices in northbound direction. Falling below the same level can induce mild correction.   Silver Recovery move may strengthen above EMA level 91100. Inability to move above the same can induce correction.   Crude Oil Prices could stretch northward if trades open above 5880. Or else, corrective dips possible to witness in the current session.   Natural Gas Mild positivity expected in ...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 November 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-20 05:08:57 pm
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 November 2024 - Geojit Financial Services Ltd Gold Sustained trades above EMA level 75440 may keep prices in northbound direction. Falling below the same level can induce mild correction.   Silver Recovery move may strengthen above EMA level 91130. Inability to move above the same can induce correction.   Crude Oil Prices could strengthen only with sturdy move above 5880 region. Or else, corrective dips possible to witness in the current session.   Natural Gas Prices may appear fir...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 November 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-19 06:12:56 pm
Evening Track : Weakening dollar, Geopolitical risks drive gold prices higher by Kotak Securities Comex Gold future surged on Monday and continued their rally on Tuesday to trade over $2,636 an ounce, driven by a weakening dollar and uncertainty about the Federal Reserve's interest rate path. The recent decline in the dollar, fueled by the waning "Trump trade," has benefited gold. Despite a recent dip, Goldman Sachs maintains its bullish outlook for gold, predicting a price of $3,000 per ounce by the end of 2025. Central bank buying and trade tensions are seen as key factors...
Evening Track : Weakening dollar, Geopolitical risks drive gold prices higher by Kotak Securities
Evening Track : Weakening dollar, Geopolitical risks drive gold prices higher by Kotak Securities
Source: Kotak Securities Ltd
2024-11-19 05:04:26 pm
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory India's rice procurement has narrowed its deficit to 11% from 20% due to a 5.44% rise in purchases during November. As of November 17, total procurement stood at 148.93 lakh tonnes, with Punjab and Haryana being the largest contributors. While some states like Uttar Pradesh reported higher purchases, others, including Tamil Nadu and Telangana, saw declines. The government has raised its procurement target to 492.11 lakh tonnes for 2024-25, ensuring sufficient supplies. With ongoing effort...
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-19 11:32:34 am
Buy Silver Dec @ 90200 SL 89400 TGT 91000-91500. MCX - Kedia Advisory SILVER Observations Silver trading range for the day is 88260-91880. Silver prices rose as geopolitical risks benefit the safe-haven amid a modest USD downtick. Bets for less aggressive Fed rate cuts and elevated US bond yields cap further gains. Fed’s Powell said that there’s no need to hurry into cutting interest rates amid a resilient economy, a strong job market, and inflation still above the 2% target. Investors remain hopeful that US President-elect Donald ...
Buy Silver Dec @ 90200 SL 89400 TGT 91000-91500. MCX - Kedia Advisory
Buy Silver Dec @ 90200 SL 89400 TGT 91000-91500. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-19 11:04:25 am
Buy Gold Dec @ 74850 SL 74650 TGT 75150-75350. MCX - Kedia Advisory GOLD Observations Gold trading range for the day is 74020-75710. Gold prices soared as the U.S. dollar's surge stalled Heightened uncertainty over the Russia-Ukraine conflict rekindled safe-haven demand. The U.S. central bank is widely expected to deliver a third rate cut in December Gold production in South Africa dropped by 3.7% year-on-year in September 2024   BUY GOLD DEC @ 74850 SL 74650 TGT 75150-75350. MCX
Buy Gold Dec @ 74850 SL 74650 TGT 75150-75350. MCX - Kedia Advisory
Buy Gold Dec @ 74850 SL 74650 TGT 75150-75350. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-19 11:04:19 am
Sell Kapas Apr @ 1535 SL 1545 TGT 1525-1515. NCDEX - Kedia Advisory Cotton Candy Cotton Candy prices fell by 0.97% to settle at Rs.54,370, weighed down by weak yarn market demand and payment constraints. India's cotton production for 2024/25 is projected to decline by 7.4% to 30.2 million bales due to reduced acreage and crop damage caused by excessive rainfall and pests. The USDA also revised India's production forecast lower to 30.72 million bales, reducing ending stocks to 12.38 million bales. Meanwhile, global production estimates were raised b...
Sell Kapas Apr @ 1535 SL 1545 TGT 1525-1515. NCDEX - Kedia Advisory
Sell Kapas Apr @ 1535 SL 1545 TGT 1525-1515. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-11-19 10:56:28 am
Buy Dhaniya Dec @ 7700 SL 7600 TGT 7800-7900. NCDEX - Kedia Advisory Jeera Observations Jeera trading range for the day is 24540-25420. Jeera prices settled flat as arrival has increased. There is a possibility of 25 percent reduction in cumin sowing in Gujarat Carryover stock of 20 lakh bags of cumin is estimated in the new season In Unjha, a major spot market, the price ended at 25267.95 Rupees gained by 0.17 percent.   BUY JEERA DEC @ 25000 SL 24700 TGT 25400-25600. NCDEX   Dhaniya Observations Dhaniya tradi...
Buy Dhaniya Dec @ 7700 SL 7600 TGT 7800-7900. NCDEX - Kedia Advisory
Buy Dhaniya Dec @ 7700 SL 7600 TGT 7800-7900. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-11-19 10:47:07 am
Buy Crudeoil Dec @ 5800 SL 5720 TGT 5880-5950. MCX - Kedia Advisory CRUDE OIL Observations Crudeoil trading range for the day is 5574-5986. Crude oil surged following news of a production halt at Norway’s Johan Sverdrup oilfield Russia launched its biggest air strike in nearly three months, heavily impacting Ukraine’s power infrastructure. However, concerns over weak fuel demand in China and projections of a global oil surplus kept prices under pressure. IEA forecast predicting a global oil surplus of over 1 million barrels per d...
Buy Crudeoil Dec @ 5800 SL 5720 TGT 5880-5950. MCX - Kedia Advisory
Buy Crudeoil Dec @ 5800 SL 5720 TGT 5880-5950. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-19 10:36:10 am
Copper rose as markets reassessed the impact of China`s economic support on demand - Kedia Advisory ALUMINIUM OBSERVATIONS Aluminium trading range for the day is 235.2-248.8. Aluminium dropped on profit booking as the market digested news about China’s scrapping of export rebates. Aluminium stocks at three major Japanese ports fell to 311,400 metric tons by the end of October, down about 0.5% from the previous month. Shanghai warehouse aluminium stocks down 13.3%   BUY ALUMINIUM NOV @ 241 SL 239 TGT 244-246. MCX   COPPER OBSERVATIONS Copp...
Copper rose as markets reassessed the impact of China`s economic support on demand - Kedia Advisory
Copper rose as markets reassessed the impact of China`s economic support on demand - Kedia Advisory
Source: Kedia Advisory
2024-11-19 10:28:09 am
Gold prices soared as the U.S. dollar`s surge stalled - Kedia Advisory Gold Gold prices surged by 1.49% to settle at Rs.75,047 as the U.S. dollar rally paused and heightened geopolitical tensions from the Russia-Ukraine conflict renewed safe-haven demand. Market expectations for a December rate cut by the Federal Reserve further supported the metal, although recent U.S. inflation data indicated slower progress towards the Fed's 2% target. Federal Reserve Chairman Jerome Powell emphasized a cautious approach to rate cuts, while Boston Fed President Susan C...
Gold prices soared as the U.S. dollar`s surge stalled - Kedia Advisory
Gold prices soared as the U.S. dollar`s surge stalled - Kedia Advisory
Source: Kedia Advisory
2024-11-19 09:33:40 am
Agri Commodity Technical Report 19 November 2024 - Geojit Financial Services Ltd MARKET NEWS/UPDATES * The government is considering lifting the suspension on futures trading of oil, oilseeds, and pulses, according to two senior government officials. "Representatives from the National Commodity & Derivatives Exchange have visited the government several times and made their representations. Current discussions are pointing towards the lifting of futures trade suspension from oilseed derivatives and pulses. However, any lifting of the suspension of paddy and whe...
Agri Commodity Technical Report 19 November 2024 - Geojit Financial Services Ltd
Agri Commodity Technical Report 19 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-19 09:19:20 am
Commodity Intraday Technical Outlook 19 November 2024 - Geojit Financial Services Ltd Gold LBMA Spot Expect a tight range bound trade for the day. A direct drop below $2500 would extend weakness. Silver LBMA Spot Initial bias mostly choppy. Break above $31.50 upbeat momentum is on the cards. Crude Oil NYMEX Inability to move past $67 there are chances of recovery rallies for the day. Gold KG Dec Further selloffs expected only below Rs 74600. Else, most likely for recovery rallies for the day. Silver KG Dec As long as the support of Rs 88000 remain un...
Commodity Intraday Technical Outlook 19 November 2024 - Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-19 09:16:02 am
Spot gold has formed a bullish engulfing pattern after rebounding from the 100 day EMA at $2530, which could support the bullions to trade higher - ICICI Direct Bullion Outlook * Spot gold is to expected to extend its rebound towards $2635 amid retreat in the US dollar and moderation in treasury yields. Dovish comments from the Fed member Goolsbee has relieved the concerns of a monetary easing halt, which is likely to provide more support to the bullions to trade higher. Additionally , escalating geopolitical tension and risk off sentiments could provide some support to the bullions. Now, focus will remain on speech from the Fed members and key ec...
Spot gold has formed a bullish engulfing pattern after rebounding from the 100 day EMA at $2530, which could support the bullions to trade higher - ICICI Direct
Spot gold has formed a bullish engulfing pattern after rebounding from the 100 day EMA at $2530, which could support the bullions to trade higher - ICICI Direct
Source: ICICI Direct
2024-11-19 09:11:36 am
MCX Crude Oil is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Ltd COMMODITY TECHNICAL OUTLOOK * MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.74700 - 74400 levels whereas resistance is at Rs.75300 – 75600 levels. * MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.89500 - 88500 levels whereas resistance is at Rs.91500 - 92500 levels. * MCX Crude Oil is likely to trade with sideways to positive bias during today’s tra...
MCX Crude Oil is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Ltd
MCX Crude Oil is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital Ltd
Source: Monarch Networth Capital
2024-11-19 09:01:47 am
Commodity Weekly Insights Crudeoil - Geojit Financial Services Ltd Crude oil hover near yearly lows amid fears of slowing demand Crude oil prices languished in the vicinity of yearly low, with the NYMEX’s light sweet variant seen trading near USD 67.41 per barrel, amid concerns of weakening demand from major consumers such as the US and China. As the US driving season comes to a close, crude oil storage levels have increased, indicating a decline in fuel demand from the world's top consumer nation. Meanwhile, China's economic challenges and ...
Commodity Weekly Insights Crudeoil - Geojit Financial Services Ltd
Commodity Weekly Insights Crudeoil - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-18 06:15:36 pm
Commodity Weekly Insights Spices Round Up - Geojit Financial Services Ltd MARKET UPDATES Spices on NCDEX took a breather from the recent declines and were seen inching higher in the week gone by. Jeera futures firmed up supported by ri se in export and domestic demand.Concerns over delay and lag in sowing in the major jeera growing states of Gujarat and Rajathan lend support as well. Turmeric futures bouced up on rise in local demand. Expectation of rise in export demand, concerns over output lend support as well. In the meantime, rise in exports and lag in sowi...
Commodity Weekly Insights Spices Round Up - Geojit Financial Services Ltd
Commodity Weekly Insights Spices Round Up - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-18 06:08:16 pm
Buy Gold Above 74800 SL Below 74500 TGT 75200/75400 - Axis Securities Ltd GOLD * Nearby Support: 74,300/ 74,000/ 73,700 * Nearby Resistance: 74,800/ 75,100/ 75,500 * Nearby Gaps: 74,031 * Nearby Camarilla Levels: 74,500 (S), 74,800 (R) BUY GOLD ABOVE 74800 SL BELOW 74500 TGT 75200/75400   SILVER * Nearby Support: 88,900/ 88,100/ 87,500 * Nearby Resistance: 89,500/ 90,200/ 91,000 *  Nearby Gap(s): 88,529 * Nearby Camarilla Levels: 89,000 (S), 89,800 (R) BUY SILVER ABOVE 89500 SL BEL...
Buy Gold Above 74800 SL Below 74500 TGT 75200/75400 - Axis Securities Ltd
Buy Gold Above 74800 SL Below 74500 TGT 75200/75400 - Axis Securities Ltd
Source: Axis Securities Ltd
2024-11-18 05:58:04 pm
Commodity Research Evening Track by Kotak Securities Gold rises as dollar rally fades Comex Gold futures rebounded more than 1% to trade near $2,600 per ounce after a significant weekly decline, driven by a weaker dollar and anticipation of potential Fed rate cuts. Goldman Sachs reiterated its bullish outlook on gold, forecasting a price target of $3,000 per ounce by the end of 2025. The bank's bullish stance is underpinned by factors such as expected Fed rate cuts, increased central bank gold purchases, and the potential inflationary im...
Commodity Research Evening Track by Kotak Securities
Commodity Research Evening Track by Kotak Securities
Source: Kotak Securities Ltd
2024-11-18 05:45:45 pm
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 November 2024 - Geojit Financial Services Ltd Gold MACD Bearish divergence suggest the prevalence of weakness. However, sturdy move above 75410 region may strengthen upward momentum.   Silver Recovery move may strengthen above EMA level 91100. Inability to move above the same can induce correction.   Crude Oil Extended dip below 5650 region can trigger downward dips. Voluminous rebound above 5870 may offer upside room.   Natural Gas Prices may appear firmer above the trend line res...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 November 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 November 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-18 05:41:33 pm
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "Gold traded strongly positive due to heightened geopolitical tensions between Russia and Ukraine. President Joe Biden's authorization for Ukraine to use powerful American long-range weapons to strike within Russia escalated the conflict. In response, Moscow deployed around 50,000 troops to the southern region of Kursk, further intensifying concerns. This geopolit...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-18 05:24:11 pm
Gold Faces Resistance Near $2,600 Amid Geopolitical Uncertainty by Amit Gupta, Kedia Advisory Gold prices rebounded on Monday, snapping a six-day losing streak as geopolitical risks and a softer USD supported the safe-haven asset. Despite modest intraday gains, expectations of less aggressive Fed rate cuts and elevated US bond yields limited the upside. The recent pullback stalled near key technical levels, with $2,536 acting as pivotal support. Geopolitical tensions, including heightened conflicts in Ukraine and Gaza, boosted haven flows, but robust US economic data and Fed hawkishne...
Gold Faces Resistance Near $2,600 Amid Geopolitical Uncertainty by Amit Gupta, Kedia Advisory
Gold Faces Resistance Near $2,600 Amid Geopolitical Uncertainty by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-18 02:52:31 pm
BUY NATURALGAS NOV @ 234 SL 230 TGT 238-242. MCX - Kedia Advisory CRUDEOIL Observations Crudeoil trading range for the day is 5585-5853. Crude oil fell driven by concerns that the global oil market could shift into oversupply. The International Energy Agency projected an oil surplus for next year, citing slowing demand growth in China. Crude inventories rose by 2.1 million barrels last week, exceeding expectations of a 1.9 million-barrel rise - EIA There was a sharp 4.4-million-barrel decline in gasoline stockpiles, bringing them to their ...
BUY NATURALGAS NOV @ 234 SL 230 TGT 238-242. MCX - Kedia Advisory
BUY NATURALGAS NOV @ 234 SL 230 TGT 238-242. MCX - Kedia Advisory
Source: Kedia Advisory
2024-11-18 11:39:51 am
BUY TURMERIC DEC @ 13400 SL 13100 TGT 13750-13950. NCDEX - Kedia Advisory JEERA Observations Jeera trading range for the day is 24230-26270. Jeera prices dropped as arrival has increased. There is a possibility of 25 percent reduction in cumin sowing in Gujarat Carryover stock of 20 lakh bags of cumin is estimated in the new season In Unjha, a major spot market, the price ended at 25168.2 Rupees dropped by -0.17 percent. BUY JEERA DEC @ 25000 SL 24700 TGT 25400-25600. NCDEX   DHANIYA Observations Dhaniya trading range for the ...
BUY TURMERIC DEC @ 13400 SL 13100 TGT 13750-13950. NCDEX - Kedia Advisory
BUY TURMERIC DEC @ 13400 SL 13100 TGT 13750-13950. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-11-18 11:28:48 am
SELL COTWASOIL DEC @ 1280 SL 1295 TGT 1260-1245. NCDEX - Kedia Advisory Cotton Candy Cotton Candy prices fell by -0.85% to ?54,900, reflecting weak demand in the yarn market and payment constraints. India's cotton production for 2024/25 is expected to decline by 7.4% year-on-year to 30.2 million bales, primarily due to reduced planted area and crop damage from excessive rainfall and pests. The USDA revised India's cotton production estimate to 30.72 million bales, with ending stocks cut to 12.38 million bales. Acreage under cotton fell by approximately...
SELL COTWASOIL DEC @ 1280 SL 1295 TGT 1260-1245. NCDEX - Kedia Advisory
SELL COTWASOIL DEC @ 1280 SL 1295 TGT 1260-1245. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-11-18 11:21:17 am