Tuesday, 16 January 2018

COMMODITY MARKET NEWS UPDATE GOLD & CRUDE OIL

     GOLD
Gold prices traded at four-month highs on Monday, as demand for the U.S. dollar moved lower.
Floor trading on the Comex on Monday did not take place because of the Martin Luther King Day holiday in the U.S. All electronic transactions will be booked with Tuesdays trades for settlement
The dollar brushed aside data on Friday showing that underlying U.S. consumer prices marked their largest increase in 11 months in December, fueling to expectations that inflation will accelerate this year.
   CRUDE OIL
Crude oil prices varied on Monday, but they were still hovering near multi-year highs as overall cheerfulness regarding the rebalancing of the market continued to support the commodity.
Floor trading on the Nymex on Monday didn’t take place because of the Martin Luther King Day holiday in the U.S. All electronic transactions will be booked with Tuesdays trades for settlement.
Brent Oil for March delivery on the ICE Futures Exchange in London eased 5 cents or about 0.09% to $69.83 a barrel, not far from a three-year higher of $70.05 also hit last Thursday.
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Monday, 15 January 2018

Cardamom News Update By MarketMagnify

Cardamom futures were trading higher during the evening trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.
Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for December 2017 contract was trading at Rs 1045 per kg, up by 3.34 per cent, after opening at Rs 1024.90, against a previous close of Rs 1011.20. It touched the intra-day high of Rs 1049.70(at 16:08 hours).

Friday, 12 January 2018

FRIDAY GOLD MARKET NEWS UPDATE

 Gold prices rose for a third straight session on Friday to their highest since September as the slumping dollar drew investors to buy the yellow metal. Bullion is on track for its fifth weekly gain.
Spot gold edged up 0.3 percent to $1,326.68 an ounce by 0318 GMT. Prices rose their highest since Sept. 15, 2017, at $1,327. Gold is up 0.5 percent for the week so far and the streak of weekly gains is the most since the week ending April 14.
U.S. gold futures were up 0.3 percent at $1,326.90 an ounce. The dollar index, which measures the greenback against six rival currencies, fell to its lowest since Sept. 20, 2017, at 91.689.
The euro jumped against the dollar as the European Central Bank signalled it could begin to wind down its 2.5 trillion euro ($3.01 trillion) stimulus program this year. A stronger euro potentially boosts demand for gold by making dollar-priced bullion cheaper for European investors.
"Gold has to breach the recent high of $1,327, above which prices can touch $1,360."

Thursday, 11 January 2018

FOLLOWUP : COMMODITY MARKET LIVE CALL MENTHA OIL

FOLLOWUP: MENTHA OIL HIT 1ST TARGET   BOOK MORE PROFIT MARKET HIGH IS 1652



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COMMODITY MARKET LIVE CALL MENTHA OIL

BUY MENTHA OIL ABOVE 1646 TARGET 1649-1654-1665 WITH SL 1631

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Wednesday, 10 January 2018

COMMODITY MARKET NEWS ON MCX GOLD

Gold on MCX settled down -0.36% at 29156 tracking weakness from Comex Gold which remains under pressure near $1310 as Wall Street opens at record highs and dollar index bounced off September 20 lows for the fourth session out of five, following earlier labor data from the US. Heightened expectations of the Fed going for another 25 bps rate hike in March allowed the greenback to preserve its strength against its peers with the US Dollar Index advancing to its highest level since late December at 92.36.
The data released by the U.S. Bureau of Labor Statistics on Tuesday showed that the number of job openings was little changed at 5.9 million in November. Although this data failed to meet the market expectation of 6.04 million, the US Dollar Index didn't have a difficult time staying near its recent highs. At the moment, the index is up 0.25% at 92.31.
Meanwhile, the upbeat performance of global equity indexes today kept the demand for the risk-sensitive precious metal low. Following yesterday's choppy trading action, major equity indexes in the U.S. started the day at fresh all-time highs. At the moment, the DJIA and the S&P 500 indexes are up 0.27% and 0.25% respectively.
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Tuesday, 9 January 2018

CRUDE OIL NEWS PROVIDE BY MARKETMAGNIFY

Oil prices were almost unchanged on Monday, trading near their highest since May 2015, as political worries in some OPEC nations balanced projections for higher U.S. oil production.

 "Oil prices are finely balanced in today’s trading session. Ongoing protests in Iran, together with recent detention of several princes in Saudi Arabia, have reinvigorated geopolitical concerns. However, prospects for further increases in U.S. oil production amid recent improvements seen in oil prices continue to promote bearish sentiment.”
According to federal energy data - U.S. production is expected soon to rise above 10 million barrels per day, largely thanks to soaring output from shale drillers.
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