Friday, 29 December 2017

Commodity Market News :- Gold & Silver

GOLD
Gold on MCX settled up 0.24% at 29012 as prices extended a nine-day rally and hit a one-month high on a strong technical outlook and a U.S. dollar at a four-week low. Gold benefited from a technicallydriven momentum after closing above its 100-day moving average on Wednesday for the first time since late November.
Trading Ideas

1. Buy Gold Feb 2018 @ 29000 SL 28880 Tgt 29120-29240

2. Technically market is under short covering as market has witnessed drop in open interest by -4.16% to settled at 5928 while prices up 70 rupees

3. Now Gold is getting support at 28922 and below same could see a test of 28832 level, And resistance is now likely to be seen at 29090, a move above could see prices testing 29168.

SILVER

Silver on MCX settled up 0.6% at 38906 as prices rallied mainly driven by a softer dollar and political uncertainties around the globe. The dollar retreated, with the index slipping to its lowest since late November on a less certain U.S. economic outlook after the passage of major tax cuts. Holdings of silver exchange-traded funds rose to their highest since early September, with Thursday's data showing a 62-tonne inflow.

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Thursday, 28 December 2017

Commodity Market Crude Oil News Update By MarketMagnify

Oil prices edged lower on Wednesday but trade stable on Thursday morning with trading movement drying up ahead of New Year.

API data revealed that the U.S. crude stocks fell more than expected last week, followed by which prices pared losses in postsettlement trade. According to traders – The high prices were a result of a relatively tight market following a year of OPEC and Russian led production cuts, which were started last January and scheduled to cover all of 2018.

Once the market breaks above the resistance level holding at $60(3853), then buy signal will be confirmed and the rally could test $60.50-61(3885-3917) levels in the upcoming sessions. Additional Support holds at $58.50(3756).

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Wednesday, 27 December 2017

Commodity News In :- Cardamom Futures

Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday 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 January 2017 contract was trading at Rs 1103 per kg, up by 0.52 per cent, after opening at Rs 1099.90, against a previous close of Rs 1097.30. It touched the intra-day high of Rs 1105.
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Tuesday, 26 December 2017

Commodity Market News :- Gold & Crude Oil Tips By MarketMagnify

GOLD
Gold on MCX settled up 0.53% at 28653 despite a mild rebound in the greenback as trading volumes were expected remain subdued ahead of the Christmas holiday. The House of Representatives gave final approval to the biggest U.S. tax overhaul in 30 years, marking President Donald Trump's first political victory. Sales of new U.S. single-family homes unexpectedly rose in November, hitting their highest level in more than 10 years, driven by robust demand across the country.
Trading Ideas

  1. Buy Gold Feb 2018 @ 28580 SL 28480 TGT 28660-28750.
  1.  Gold prices gained despite a mild rebound in the greenback as trading volumes were expected remain subdued ahead of the Christmas holiday.


CRUDE OIL
Oil prices were stable on Tuesday, with Brent crude lingering near 2015 highs on the back of an outlook for healthy demand amid ongoing production cuts led by OPEC and Russia.
Brent crude futures, the international benchmark for oil prices, were at $65.25 a barrel, unchanged from their last close, but near the $65.83 per barrel briefly on Dec. 12 - the highest since June 2015.

Technically market is under fresh buying as market has witnessed gain in open interest by 3.44% to settled at 14513 while prices up 5 rupees, now Crudeoil is getting support at 3717 and below same could see a test of 3696 level, And resistance is now likely to be seen at 3752, a move above could see prices testing 3766.      


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Friday, 22 December 2017

Live Call : Mentha Oil

BUY MENTHA OIL ABOVE 1671 TOTAL 8 LOTS WITH SL 1656
Mentha oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.
At the MCX, mentha oil futures for December 2017 contract was trading at Rs 1641.90 per kg, down by 0.94 per cent, after opening at Rs 1665.90, against the previous closing price of Rs 1657.50. It touched the intra-day low of Rs 1620.10.

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Thursday, 21 December 2017

Crude Oil News Update


Crude Oil continues to remain firm, helped by North Sea pipeline outage. The pipeline operator is working on the repairs but it will take two to four weeks. Looking ahead, Goldman Sachs projects global oil inventories to rebalance by mid of the next year, which will persuade gradual exit from opEC's production Cuts.


West Texas Intermediate crude futures settled up 53 cents at $58.09 a barrel, while Brent crude  ended up 76 cents at $64.56 a barrel.
Crude stocks, excluding the U.S. Strategic Petroleum Reserve, are at 436.5 million barrels, the lowest since October 2015.
Inventories have been steadily declining in the United States due to strong export demand and efforts by major oil producers to restrict supply.
Refiners in the United States continue to run at above-average rates than is typical for this time of year, which is offsetting strong U.S. production, and resulting in product that is ready for export or domestic use.

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Wednesday, 20 December 2017

Today Market Update : Gold prices dipped

Gold prices dipped lower on Tuesday weighed by a rally in Treasuries on the increasing cheerfulness surrounding the outcome of the tax bill vote, and the housing data indicating to fundamental economic strength.


The U.S. Congress is expected to begin voting on Tuesday on a tax bill which proposes the biggest changes to the U.S. tax system in more than three decades. The House of Representatives vote is slated for Tuesday afternoon, with the Senate vote expected to follow later.

The Commerce Department said on Tuesday that single-family homebuilding, which accounts for the largest share of the housing market, rose 5.3% to a rate of 930,000 units which was the highest level since September 2007.

Trading Ideas

Buy Gold Feb 2018 @ 28380 SL 28250 TGT 28500-28640 


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Tuesday, 19 December 2017

Cardamom gained as new season

Cardamom gained as new season arrivals have been limited affected by the dry weather in the cardamom growing regions of Kerala.

However there are reports that recent rains in Kerala have improved the crop prospects for the current as well as for the next year.

There also reports that new arrivals would soon pick up in Guatemala- the other producing country.

Cardamom prices in spot market gained by 21.20 rupees and settled at 1025.80 rupees.

Trading Idea 

Cardamom trading range for the day is 1065.3-1104.9.


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Monday, 18 December 2017

Soyabean prices gained

Soyabean prices gained on short covering after prices dropped on easing supply worries in global market and weak demand.

The USDA raised its forecast of US 2017-18 soybean ending stocks to 12.12 million tons in December compared to 11.75 million tons estimated in November NCDEX accredited warehouses soyabean stocks gained by 2460 tonnes to 198764 tonnes.
At the Indore spot market in top producer MP, soybean dropped -9 Rupees to 3049 Rupees per 100 kgs.
Soyabean trading range for the day is 2994-3082.

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Friday, 15 December 2017

Crude Oil Prices Edged Higher On Thursday

Crude oil prices edged higher on Thursday, brushing aside data projecting a faster than expected rise in US shale oil production next year. An ongoing pipeline shutdown supported Brent crude prices. 

U.S. West Texas Intermediate (WTI) crude futures  were at $57.13 a barrel at 0119 GMT, up 9 cents from their last settlement.

The U.S. bank said that the improved market conditions were a result of a higher Brent crude oil price outlook of an expected annual average of $62, $60, and $55 per barrel for 2018, 2019 and 2020 respectively.

Rising U.S. supply, driven largely by shale drilling, will likely move oil markets into a supply surplus in the first half of 2018, the International Energy Agency (IEA) said on Thursday.

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Thursday, 14 December 2017

Commodity News On Gold & Silver

Gold on MCX settled up 0.19% at 28195 and trend remains positive as the Federal Reserve hiked interest rates but hinted at a "wait-and-see" approach to further rate hikes. As expected, the Fed raised the benchmark U.S. interest rate to a range of 1.25% to 1.5%. However, the Fed maintained earlier forecast for just three 1/4-point rate hikes in 2018. Concerns about stubbornly low inflation prompted the cautious outlook.


Silver on MCX settled up 0.65% at 36967 as prices bounced off lows as the U.S. dollar weakened after tepid U.S. inflation data and ahead of the Federal Reserve's policy decision. The Federal Reserve approved its third rate hike of 2017, and forecasts further rate hikes despite growing concerns over the slow pace of inflation. Fed officials also expressed optimism in the economy, hiking their projection for economic growth in 2017 to 2.5%, while growth in 2018 was expected to rise to 2.5%, a 0.4% increase from the Fed’s September projections.
Trading Ideas 


1. Gold trading range for the day is 28032-28336.


2. The Federal Reserve raised interest rates by a quarter of a percentage point to a range of 1.25 percent to 1.50 percent.


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Wednesday, 13 December 2017

Market Magnify :- Commodity Market News Update

Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

Brent crude was up 50 cents, or 0.8 %, at $63.84 a barrel by 0152 GMT. It had settled down $1.35, or 2.1 %, at $63.34 on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.


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U.S. Energy Information Administration said in its monthly short-term energy outlook that U.S. crude oil output will rise by 780,000 barrels per day (bpd) to 10.02 million bpd in 2018.

U.S. West Texas Intermediate crude was up 42 cents, or 0.7 %, at $57.56 a barrel, having settled the previous session down 85 cents.

Last month, it expected a 720,000 bpd year-over-year increase to 9.95 million bpd.

Tuesday, 12 December 2017

Agri Commodity News : Wheat

Chicago's iconic sandwiches - Italian beef heroes dripping with gravy, and hot dogs loaded with pickles and hot peppers - wouldn't be such culinary institutions without the bread.

But this fall, bakers faced a crisis getting the right kind of bread to delis and sandwich shops locally and across the United States.
Gonnella Baking Co - which supplies the buns to Major League Baseball's Wrigley Field - faced an unusual problem in October when flour from this year's U.S. wheat harvest arrived at their factories containing low levels of protein.

The problem spans the $23 billion U.S. bread market and highlights a paradox in the global wheat trade. Despite a worldwide grains glut, high-protein hard wheat is scarce after two years of poor U.S. harvests. The shortage hurts bakers and millers who prize high-protein wheat, along with the farmers who grow it.


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Live Commodity Call : Gold

BUY GOLD ABOVE 28365 TARGET (28385-28395)-28435-28535 WITH SL 28235

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Monday, 11 December 2017

Crude Oil prices fell

Oil prices fell on Monday as last week's rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten markets.

A statement by Kuwait's oil minister that OPEC and other oil producers will study before June next year the possibility of exiting their global oil supply-cut agreement also weighed on prices, traders said.

U.S. West Texas Intermediate (WTI) crude futures were at $57.14 a barrel at 0418 GMT, down 22 cents, or 0.4 percent, from their last settlement.

Brent crude futures, the international benchmark for oil prices, were down 25 cents, or 0.4 percent, at $63.15 a barrel.

"The largest concern for investors currently remains the rise in the U.S. rig count, which could potentially jeopardise the OPEC and Russian agreement when they meet for a review in June 2018," said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers.

The number of rigs drilling for new oil output in the United States rose by two in the week to Dec.8, to 751, the highest level since September, General Electric Co's Baker Hughes energy services firm said on Friday.


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Friday, 8 December 2017

Mentha Oil Futures Live Call

Mentha oil futures were trading higher during the morning trade in the domestic market on Friday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.


At the MCX, mentha oil futures for December 2017 contract was trading at Rs 1867 per kg, up by 0.37 per cent, after opening at Rs 1872, against the previous closing price of Rs 1860.10. It touched the intra-day high of Rs 1873.10.

Live Call

BUY MENTHA OIL DEC ABOVE 1890 TOTAL 8 LOTS WITH SL 1875

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Thursday, 7 December 2017

ICE cotton futures edged up

ICE cotton futures edged up on Wednesday, hovering near more than two-month highs hit last week on concerns over crop damage in top producer India.
Cotton contracts for March settled up 0.21 cent, or 0.29 percent, at 72.72 cents per lb., and traded in a range of 72.44 and 73.27 cents a lb.

"The bollworm problem in India is making the market bid today," a New York-based trader said.
India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry officials told Reuters in late November.

"Cotton has a pretty substantial long position already ... there really are some fundamentals behind the market that continue to keep cotton with a bid," the trader noted.

Meanwhile, the market awaited export sales data from the U.S. Department of Agriculture due on Thursday. Total futures market volume fell by 9,389 to 18,496 lots. Total open interest gained 473 to 249,201 contracts in the previous session, data showed.


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Wednesday, 6 December 2017

कमोडिटी बाजार में आज कहा और कैसे लगाएं दांव

ग्लोबल मार्केट में सोना पिछले दो महीने का निचला स्तर छू चुका है। वहीं कल घरेलू बाजार में सोना 29000 रुपये के भी नीचे फिसल चुका है जो पिछले चार महीने का निचला स्तर है। वहीं चांदी भी 4.5 महीने के निचले स्तर पर आ चुकी है। दरअसल इस महीने अमेरिका में ब्याज दरें बढ़ने का अनुमान है और कल वहां नॉन फार्म पेरोल डाटा जारी होने वाला है। ऐसे में डॉलर धीरे-धीरे मजबूत हो रहा है जिससे सोने और चांदी की चमक फीकी पड़ती जा रही है।

फिलहाल एमसीएक्स पर सोना 0.25 फीसदी की बढ़त के साथ 28960 रुपये पर कारोबार कर रहा है। चांदी 0.2 फीसदी बढ़कर 37690 रुपये के आसपास नजर आ रही है। हालांकि एमसीएक्स पर कच्चा तेल 0.7 फीसदी तक फिसलकर 3700 रुपये पर कारोबार कर रहा है। हालांकि नैचुरल गैस 1 फीसदी की उछाल के साथ 189.5 रुपये पर कारोबार कर रहा है।

एग्री कमोडिटी में एनसीडीईएक्स पर जीरा 0.5 फीसदी की गिरावट के साथ 21635 रुपये पर कारोबार कर रहा है। एनसीडीईएक्स पर हल्दी 0.1 फीसदी की मामूली कमजोरी के साथ 7300 रुपये पर कारोबार कर रही है

बेचने की  सलाह 
सोना एमसीएक्स (फरवरी वायदा) : बेचें - 29020, स्टॉपलॉस - 29150 और लक्ष्य - 28750
कच्चा तेल एमसीएक्स (दिसंबर वायदा) : बेचें - 3735-3740, स्टॉपलॉस - 3780 और लक्ष्य - 3680

खरीदने की  सलाह 
जीरा एनसीडीईएक्स (दिसंबर वायदा) : खरीदें - 21500, स्टॉपलॉस - 21300 और लक्ष्य - 22000
हल्दी एनसीडीईएक्स (दिसंबर वायदा) : खरीदें - 7200, स्टॉपलॉस - 7050 और लक्ष्य - 7500

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Tuesday, 5 December 2017

Today News Update - Gold Price High

Gold prices held within a tight range in Asian trade on Tuesday, supported by a slightly weaker dollar as investors awaited the next steps over U.S. tax reform legislation for clues.
Spot gold was nearly unchanged at $1,275.24 an ounce by 0405 GMT. It shed 0.3 percent in the previous session.U.S. gold futures were steady at $1,277.90.
The dollar dipped on Tuesday, after climbing to 2-1/2-week high against the yen on Monday after the U.S. Senate approved a major tax reform bill, moving Republicans and President Donald Trump closer to their goal of slashing taxes for businesses.
"Gold is expected to trade in a narrow range between $1,260- $1,290 per ounce - with near term movements more towards the lower end of the range. The passage of the U.S. tax bill would likely boost equities and be detrimental to gold," said John Sharma, an economist with National Australia Bank.
Spot gold looks neutral in a narrow range of $1,272-$1,277 per ounce, Reuters technicals analyst Wang Tao said.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.14 percent to 846.93 tonnes on Monday.
Meanwhile, silver was up 0.2 percent to $16.34 an ounce.
Platinum was 0.4 percent higher at $927.30 an ounce and palladium was up 0.7 percent to $998.48.
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Friday, 1 December 2017

AGRI COMMODITY LIVE CALL

BUY MENTHA OIL DEC ABOVE 1876 TARGET 1879-1883-1893 WITH SL 1861.


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Mentha Oil Futures Position In Agri-Commodity

Mentha oil futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.

At the MCX, mentha oil futures for November 2017 contract was trading at Rs 1728 per kg, down by 0.09 per cent, after opening at Rs 1737, against the previous closing price of Rs 1733.70. It touched the intra-day low of Rs 1719.20.

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Thursday, 30 November 2017

सोने और कच्चे तेल की किमत में अनिश्चितता


विएना में आज ओपेक की अहम बैठक होने वाली है। इस बैठक में अगले साल मार्च के बाद क्रूड उत्पादन में कटौती जारी रखने पर सहमति बन सकती है। इसीलिए कच्चे तेल में आज तेजी देखी जा रही है। हालांकि दूसरी ओर अमेरिका में क्रूड का उत्पादन तेजी से बढ़ रहा है। और अगले महीने वहां रोजाना उत्पादन का स्तर 99 लाख बैरल तक पहुंचने की संभावना है। ऐसे में कच्चे तेल में बेहद छोटे दायरे में कारोबार हो रहा है


वहीं उत्पादन कटौती पर सहमति को लेकर बाजार में अनिश्चितता भी है। इससे भी क्रूड की दिशा तय नहीं हो पा रही है।

उधर डॉलर में आई हल्की रिकवरी से ग्लोबल मार्केट में सोने का दाम 1 हफ्ते के निचले स्तर पर आ गया है। कॉमैक्स पर इसमें 1285 डॉलर के नीचे कारोबार हो रहा है। कल घरेलू बाजार में चांदी पिछले 4 महीने के निचले स्तर पर बंद हुई थी। हालांकि आज डॉलर के मुकाबले रुपया करीब 0.25 फीसदी कमजोर हो गया है। एक डॉलर की कीमत 64.5 रुपये के स्तर पर चली गई है।

कार्वी कॉमट्रेड की निवेश सलाह

सोना एमसीएक्स (दिसंबर वायदा): बेचें - 29300, स्टॉपलॉस - 29400 और लक्ष्य - 29100
कच्चा तेल एमसीएक्स (दिसंबर वायदा): बेचें - 3730, स्टॉपलॉस - 3780 और लक्ष्य - 3630


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Wednesday, 29 November 2017

Gold trading range for the day is 29296-29538

Gold on MCX settled down -0.35% at 29393 as reports suggesting that North Korea fired a ballistic missile failed to raise safe haven demand. North Korea fired what appeared to be an intercontinental ballistic missile (ICBM) that landed close to Japan, officials said, with some scientists cautioning that Washington, D.C. could now theoretically be within range of Pyongyang's weapons.

President Donald Trump said on Tuesday that the United States "will take care of" the North Korea issue after its latest missile launch, and that the basic U.S. approach to dealing with Pyongyang will not change. U.S. consumer confidence surged to a near 17-year high in November, driven by a robust labor market, while house prices rose sharply in September, which should underpin consumer spending and boost economic growth.

The dollar gained against the yen, lifted by strong U.S. economic data, while the North's missile launch had little immediate impact on currency markets though investors are focused on how the U.S. responds to the test. U.S. Senate Republicans rammed forward Trump's tax cut bill on Tuesday in an abrupt, partisan committee vote that set up a full vote by the Senate as soon as Thursday, although somedetails of the measure remained unsettled. 


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Tuesday, 28 November 2017

Commodity news : Oil prices fall on uncertainty

Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.

U.S. West Texas Intermediate (WTI) futures were down 24 cents at $57.87 a barrel at 0117 GMT, after falling 1.4 percent in the previous session.

U.S. crude touched $59.05 a barrel on Friday, the highest level since mid-2015, fueled by the outage of the Keystone pipeline, one of Canada's main crude export routes to the United States.

But Trans Canada Corp this week said it would restart the 590,000 barrel-per-day pipeline at reduced pressure later on Tuesday after getting approval from U.S. regulators.

Brent futures fell to $63.73 a barrel, down 11 cents from the previous close.
Uncertainty over Russia's determination to join with other major oil producers in extending crude production curbs beyond next March has weighed on oil markets.

Members of the Organization of the Petroleum Exporting Countries (OPEC) and other key producers, including Russia, will meet on Nov. 30 to discuss whether to continue with the cuts after they agreed last January to withhold 1.8 million bpd of output.

Russia's economy was negatively affected in October by the ongoing curbs, which saw Moscow agree to cut output by 300,000 bpd, Economy Minister Maxim Oreshkin said on Nov. 23.

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