Crude Palm Oil Dropped Pressured By Weaker Spot Demand

CPO trading range for the day is 546.7-554.1.

Crude palm oil dropped pressured by weaker spot demand and forecast that Malaysia’s February palm output will be higher than usual.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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Crude Oil Gained After Crude Inventories Unexpectedly Plummeted

Crude oil trading range for the day is 3932-4176.

Crude oil gained after crude inventories unexpectedly plummeted and as Saudi Arabia brushed aside comments from President Trump seeking to keep oil prices from climbing.

U.S. crude stockpiles fell 8.6 million barrels last week, in contrast to expectations for an increase of 2.8 million barrels, government data showed.

U.S. crude oil inventories fell by 4.2 million barrels in the week to Feb. 22, to 444.3 million barrels, the API estimated in a weekly report.

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Silver Dropped As The US Dollar Rebounded As Investors Digested

Silver trading range for the day is 39394-40422.

Silver dropped as the US dollar rebounded as investors digested testimonies from the lead US trade negotiator with China and the top ranking Federal Reserve official.

Powell said in the first of a two-day Congressional address at the Senate Committee on Banking that the U.S. economic outlook was "generally favorable"

U.S. President Trump said that a trade deal “could happen fairly soon” if U.S. and China could bride remaining differences, although it is possible that “it might not happen at all.”

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Gold Prices Fell Pressured By A Mild Revival In Dollar

Gold trading range for the day is 33007-33757.

Gold prices fell pressured by a mild revival in dollar after comments from the U.S. Trade Representative dampened expectations of a quick resolution to U.S.-China trade dispute.

Fed's Powell stayed on script at a U.S. Senate Banking Committee, but it slipped in his question-and-answer session with U.S. senators.

Improving risk appetite lifted the British pound following media reports Prime Minister Theresa May was considering delaying the March 29 deadline for the UK’s exit.

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Mentha Oil Trading Range For The Day Is 1590.9-1651.9

Mentha oil trading range for the day is 1590.9-1651.9.

Mentha oil spot at Sambhal closed at 1736.00 per 1kg. Spot prices was up by Rs.4.30/-.

Mentha oil dropped due to low demand at major physical centers.

Pressure also seen amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

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Aluminium Prices Gained After U.S. President Donald Trump Deferred

Aluminium trading range for the day is 131.5-136.3.

Aluminium prices gained after U.S. President Donald Trump deferred a planned hike in tariffs on Chinese goods.

China's imports of primary aluminium from Russia rose tenfold year on year in January, data showed.

China imported 11,185 tonnes of aluminium from Russia last month, the data showed, versus just 1,109 tonnes in the same month a year earlier.

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Silver Prices Gained As Traders Await A Batch Of Key U.S. Economic Data

Silver trading range for the day is 39718-40528.

Silver prices gained as traders await a batch of key U.S. economic data due later this week.

Investor sentiment improved this week after U.S. President Donald Trump raised the prospect of a trade deal with China.

On the data front, traders will be closely monitoring the U.S. fourth-quarter GDP, which is set to be released on Thursday.

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Gold Gained As The Dollar Eased As Trade Tensions Faded

Gold trading range for the day is 33169-33697.

Gold gained as the dollar eased as trade tensions faded, but regained most of the lost ground as the day progressed.

Trade tensions easing as the U.S. President Donald Trump decided to delay the imposition of additional tariffs on goods imported from China.

U.S. President Donald Trump said he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries can bridge remaining differences.

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Cotton Prices Gained On Reports Of Lower Than Expected Production Prospects

Cotton trading range for the day is 20420-20780.

Cotton prices gained on reports of lower than expected production prospects in the country.

India's cotton production is expected to dip by 7% due to insufficient rainfall in major growing regions.

ICAC stated that India's cotton production is expected to dip by 7% due to insufficient rainfall in major growing regions.

Cotton prices in spot market dropped by 130.00 rupees and settled at 20240.00 rupees.

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Nickel Dropped On Profit Booking After Prices Gained As Dollar

Nickel trading range for the day is 895.9-940.5.

Nickel dropped on profit booking after prices gained as dollar fell as investors took on riskier assets on hopes for a trade deal between the US and China.

US President Donald Trump announced that America will delay additional tariffs on Chinese goods that were initially slated for March 1.

In the eurozone, the consumer price index, grew 1.4% on the year in January, slowing for a third straight month.

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Silver Prices Dropped On Profit Booking After Prices Seen Supported As U.S.

Silver trading range for the day is 39693-40569.

Silver prices dropped on profit booking after prices seen supported as U.S. President Donald Trump raised hopes of a breakthrough trade deal.

U.S. President Donald Trump said he will delay an increase in tariffs on Chinese goods, citing “productive” trade talks

Looking ahead, data on U.S. fourth-quarter gross domestic product is due to be released on Thursday.

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Gold Dropped As Investors Awaited A Batch Of Key U.S. Economic Data

Gold trading range for the day is 33110-33634.

Gold dropped as investors awaited a batch of key U.S. economic data and an appearance from Federal Reserve chairman Jerome Powell

President Trump’s announcement was the clearest sign yet that China and the United States are closing in on a deal to end a months-long trade war that has slowed global growth.

President Trump had planned to raise U.S. tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports if an agreement was not reached.

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Copper Prices Gained As Inventories Tumbled And Investors Bet On A U.S.

Copper trading range for the day is 451.7-468.7.

Copper prices gained as inventories tumbled and investors bet on a U.S.-China trade deal.

The global refined copper market showed a 52,000 tonnes deficit in November, compared with a 1,000 tonnes surplus in October, INSG said.

On-warrant LME copper inventories, those not earmarked for delivery, slumped by nearly half to 39,800 tonnes in one day, the lowest since August 2005.

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Natural Gas Gained As Higher Heating Demand For The Fuel Due To The Colder Temperatures

Natural gas trading range for the day is 189.5-194.3.

Natural gas gained as higher heating demand for the fuel due to the colder temperatures at present offset higher supply.

The US EIA reported that U.S. natural gas stockpiles decreased by 177 billion cubic feet for the week ending February 15.

Total U.S. stockpiles decreased week over week, falling to around 4.1% below last year’s level and to 17.5% below the five-year average.

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Silver Gained As Traders Kept An Eye On Trade Talk Developments

Silver trading range for the day is 39927-40491.

Silver gained as traders kept an eye on trade talk developments between the U.S. and China.

Fed's meeting minutes hinted at a possible hike in interest rate sometime this year due to a fairly strong labor market and the overall strength in the economy.

US home sales fell in January to their lowest level in more than three years and house prices rose only modestly, suggesting a further loss of momentum in the housing market.

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Gold Steadied As Sluggish U.S. Economic Data Stoked Worries About A Global Slowdown

Gold trading range for the day is 33239-33699.

Gold steadied as sluggish U.S. economic data stoked worries about a global slowdown and investors awaited signals on U.S.-China trade talks.

New orders for key U.S.-made capital goods unexpectedly fell in December, revived some market expectations that the central bank would halt the 2019 rate hike cycle.

The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute.

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Rmseed Prices Ended Losses Due To Higher Production Estimates

Rmseed trading range for the day is 3856-3932.

Rmseed prices ended losses due to higher production estimates and subdued demand.

Mustard output in the country in 2018-19 is seen topping the government's target of 8.5 mln tn.

According to data by the farm ministry, farmers in the country have planted mustard over 6.94 mln ha so far, up 3.4% on year.

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Zinc Prices Slipped As The Dollar Firmed And Investors Cashed In Gains

Zinc trading range for the day is 189.1-195.1.

Zinc prices slipped as the dollar firmed and investors cashed in gains from a rally in the previous session fuelled by falling inventories.

U.S. President Donald Trump said talks with China in Washington were going well and suggested he was open to extending the deadline to complete negotiations.

The premium for cash zinc over the three-month LME contract rose to $26.50 as stocks in LME warehouses fell to their lowest since 2017 at 83,250 tonnes.

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Silver Prices Turned Negative After The Federal Reserve Signalling

Silver trading range for the day is 39851-40713.

Silver prices turned negative after the Federal Reserve signalling it was preparing to stop trimming its balance sheet later this year.

Almost all participants thought that it would be desirable to announce before too long a plan to stop reducing the Fed’s asset holdings later this year, minutes showed.

The Fed has been allowing as much as $50 billion a month of maturing securities to roll off its balance sheet, which peaked at roughly $4.5 trillion in Jan. 2015.

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Gold Dropped As The Dollar Inched Up After Minutes From The Last U.S.

Gold trading range for the day is 33173-33937.

Gold dropped as the dollar inched up after minutes from the last U.S. Federal Reserve meeting rekindled expectations of another rate hike this year.

Investors were also keeping a close eye on talks to end a trade dispute between China and the United States.

The Fed, said the U.S. economy and its labour market remained strong, prompting some expectations of at least one more interest rate hike this year.

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Soyabean Prices Ended With Losses Tracking Weakness In Spot Demand

Soyabean trading range for the day is 3749-3825.

Soyabean prices ended with losses tracking weakness in spot demand amid higher production forecasts.

India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country.

India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season.

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Nickel Trading Range For The Day Is 892.8-927.6

Nickel trading range for the day is 892.8-927.6.

Nickel gained after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates.

U.S. President Donald Trump said that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations.

Better-than-expected Chinese lending data meanwhile suggested that demand from the world's biggest consumer of metals will remain strong.

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Silver Gained As The Dollar Weakened As Investors Bet More Progress

Silver trading range for the day is 40335-41271.

Silver gained as the dollar weakened as investors bet more progress would be made in U.S.-China trade talks.

Optimism about the outcome of a fresh round of US-China trade talks in Washington this week prompted traders to scale back their safe-haven greenback holdings.

Fed’s Mester, normally considered to be one of the Fed hawks, stated that she would favor slowing down the balance sheet normalization process.

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Gold Steadied As The Dollar Struggled Before The U.S. Federal Reserve’s Policy

Gold trading range for the day is 33713-34109.

Gold steadied as the dollar struggled before the U.S. Federal Reserve’s policy meeting minutes.

The dollar was capped on falling U.S. Treasury yields and optimism surrounding trade talks between the United States and China.

U.S. President Trump said that trade talks with China were going well and suggested he was open to pushing off the March 1 deadline to complete negotiations.

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Crude Palm Oil Gained Tracking Firmness In Spot Demand And Overseas

CPO trading range for the day is 561.2-577.2.

Crude palm oil gained tracking firmness in spot demand and overseas prices bolstered by stronger related edible oils and on expectations of weaker output.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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Copper Prices Rose On Concerns That Supply Will Tighten

Copper trading range for the day is 443.4-457.4.

Copper prices rose on concerns that supply will tighten after a court ruling cast doubt on the future of a smelter in India.

PT Freeport Indonesia’s copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations.

In LME-registered warehouses, copper stockpiles are near 13-year lows and LME time spreads have tightened rapidly, suggesting a shortage of nearby metal.

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Silver Prices Gained As Another Member Of The Federal Reserve Weighed

Silver trading range for the day is 39996-40866.

Silver prices gained as another member of the Federal Reserve weighed in on slowing down the central bank's tightening of monetary policy.

Investor sentiment improved as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.

The Commerce Ministry said in a short statement that Chinese Vice-Premier Liu He is set to visit Washington for a new round of negotiations with the U.S.

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Gold Prices Rose As Concerns Over A Global Economic Slowdown Spurred

Gold trading range for the day is 33462-34136.

Gold prices rose as concerns over a global economic slowdown spurred a safe-haven bid and were also supported by a weaker U.S. dollar.

Prices were supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.

US and China will resume trade talks in Washington, with U.S. President Donald Trump saying he may extend a March 1 deadline for a deal.

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MCX Natural Gas prices were slightly positive on Monday session. On the daily chart, price has been falling down from last couple of days; which indicates further selling pressure in the counter. On a weekly timeframe, price has given trendline breakdown and sustained below 200 EMA; which confirms bearish trend for medium term. A momentum indicator RSI (14) and MACD has shown negative crossover. So based on the above structure, we expect bearish sentiments for near term.


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MCX Aluminium price has traded in range bound movement on Monday session. On the daily chart, price has been hovering below Rising Channel breakdown, which indicates bearish sentiments in the counter. Moreover, price has sustained below 21 DEMA, which suggest downward move for near term. Furthermore, a momentum indicator RSI (14) and MACD has shown negative crossover on the daily chart. So based on the above technical structure, we expect bearish move in the prices.


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MCX Silver price has started a week on positive note with the gain of 0.8% on Monday session. On a weekly chart, price has found the support of falling trendline in last week and pulled back for there. Moreover, it has also tested a support of 21 DEMA, which indicates further strength for short term. Furthermore, a momentum indicator RSI (14) and MACD has shown positive crossover on a weekly chart. So based on the above technical structure, we expect bullish movement in the price for the day.


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MCX Gold price has been rising continuously from last four days, which indicates bull run will continue in upcoming trading sessions. On the daily chart, price has sustained above upper Bollinger band. Moreover, price has moved above Ichimoku Cloud, which confirms bullish trend for near term. On the other hand, COMEX Gold has breached previous resistance of $1326.10 and sustained above it, which indicates the positive strength in the counter for near term. Hence, we expect bullish move in the prices for the day.


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Oil headed for its biggest weekly gain in a month as OPEC and its allies pressed on with supply cuts, while trade talks between the U.S. and China offered some reassurance over energy demand. On the daily chart, MCX Crude Oil price has found the support at lower line of channel formation and bounced back from there. Moreover, price has also sustained above 3900 levels and 21 days DEMA. Furthermore, a momentum indicator RSI (14) and MACD has shown positive crossover. Hence, we expect bullish move for the day.







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MCX Copper prices moved higher on Friday after considering 60 days extension for China tariff deadline. On the daily chart, Copper price has given Rising Channel breakdown and sustained below it. On a weekly chart, price has moved below 38.2% Retracement levels, which shows further downtrend in the counter. Moreover, a momentum indicator RSI (14) has pulled down from overbought zone and also shown negative crossover. Hence, we expect bearish movement for the day.MCX Copper prices moved higher on Friday after considering 60 days extension for China tariff deadline. On the daily chart, Copper price has given Rising Channel breakdown and sustained below it. On a weekly chart, price has moved below 38.2% Retracement levels, which shows further downtrend in the counter. Moreover, a momentum indicator RSI (14) has pulled down from overbought zone and also shown negative crossover. Hence, we expect bearish movement for the day.







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Just like the yellow metal, silver too is showing signs of positive movement on the weekly charts. Investors are advised to go long over the commodity but maintain a strict stop loss due to volatility in the market. Support can be seen at Rs. but maintain a strict stop loss due to volatility in the market. Support can be seen at Rs. 9750 & 39650 whereas resistance at Rs. 40250 & 40400.




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Gold showed yet another breakout as it moved above the levels of Rs. 33500. The main reason for such rise seem to be the weakening of Dollar in the international markets. Investors are advised to go long over the commodity and maintain a trailing stop loss. Support can be seen at Rs. 33500 & 33400 whereas resistance at 33600 & 33700.













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Jeera trading range for the day is 15385-15995.
Jeera gained on short covering after prices dropped on account of reports of progress in harvesting activities in the main producing regions.
Though state government has projected a decline in jeera crop in Gujarat due to lower acreage.
In the 2nd advance estimate, cumin production in Gujarat is forecasted doen by 25% on year at 2.23 lakh tonnes for 2018/19 crop.
In Unjha, a key spot market in Gujarat, jeera edged up by 139.85 Rupees to end at 16735.7 Rupees per 100 kg.
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Silver trading range for the day is 39109-39737.
Silver prices ended with losses as investors’ appetite for risk assets improved following more positive news on the trade front.
The U.S. central bank held rates steady in late January and promised to be “patient” in rate moves due to impending slowdown and uncertain trade backdrop.
Several Fed officials have indicated that they will support a pause in interest rate hikes to assess its impact on the economy.
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Gold trading range for the day is 32787-33253.
Gold prices traded in range as soft U.S. inflation data raised expectations that the Federal Reserve will pause rate hikes this year.
Investors were looking for developments in trade talks between Washington and Beijing.
Fed's Harker: Brexit, China, Germany among the potential headwinds for US economy.







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Turmeric trading range for the day is 6280-6432.
Turmeric gained on the back of concerns that drought conditions and cold weather will affect the crop production.
However, upside seen limited amid expectations of increase in arrivals at the spot markets in the coming days with better moisture content.
There are concerns that drought conditions and cold weather will adversely affect the production.
In Nizamabad, a major spot market in AP, the price ended at 6493.75 Rupees dropped -70.95 Rupees.


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Menthaoil trading range for the day is 1557.8-1674.


Mentha oil spot at Sambhal closed at 1709.70 per 1kg. Spot prices was remain unchangeby Rs.0.00/-.

Mentha oil prices gained amid improved demand from consuming industries at the domestic spot market.

However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices.







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Copper trading range for the day is 430.7-438.1.


Copper rose after U.S. President Donald Trump said he could see the deadline for a trade agreement with top metals consumer China being pushed back.


U.S. President Donald Trump said he could see letting the March 1 deadline for reaching a trade agreement with China slide a little.


On-warrant stocks of copper available to the market in LME-registered warehouses were at 74,750 tonnes, close to a 2005 low touched in October.






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Silver trading range for the day is 39262-40060.

Silver gained as prices seen supported after Fed Chairman Powell said that many rural areas have not benefited from U.S. national prosperity.

While Powell said he didn't foresee an economic downturn, with unemployment near at a half-century low and economic output rising at a "solid pace."

U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer arrived in Beijing for talks aimed at reaching a bilateral deal before a March 1 deadline.




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Gold trading range for the day is 32647-33327.

 Gold firmed slightly as investors held onto the safe-haven metal while seeking more clarity on Sino-U.S. trade talks.

U.S. President Donald Trump said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with Beijing.

U.S. tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by the deadline


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Crudeoil trading range for the day is 3683-3873.

* Crude oil gained amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela.

* The ongoing closure of parts of the Keystone pipeline that brings Canadian oil into the United States also helped prop up.

* Markets are tightening amid voluntary production cuts led by the OPEC and because of U.S. sanctions on Venezuela and Iran.




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 Naturalgas trading range for the day is 183.7-194.1.



Natural gas dropped amid rising production offset forecasts for colder weather and higher heating demand than previously expected next week.

U.S. dry natural gas production will rise to an all-time high of 90.16 billion cubic feet per day in 2019 from a record high of 83.26 bcfd in 2018.

EIA also projected U.S. gas consumption would rise to an all-time high of 82.53 bcfd in 2019 from a record high 81.68 bcfd in 2018.

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Silver trading range for the day is 39102-40150.

 Silver dropped as investors turned to riskier assets on optimism over the outcome of US-China trade talks.

 White House adviser Kellyanne Conway told that U.S. President Donald Trump wants to meet with his Chinese counterpart Xi Jinping “very soon.”

President Donald Trump also told his supporters that his administration is working on “great deals on trade” and that he does not want China to have a hard time.

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Gold trading range for the day is 32651-33175.


Gold fell as investors looked to the safety of the dollar to stave off risks from the U.S.- China trade spat, as concerns mounted over a slowdown in global growth.


New round of trade talks between China and the US started in Beijing with world’s two largest economies trying to hammer out a deal before a March 1 deadline.


Sino-U.S. trade tensions have rattled financial markets since last year and also underpinned the dollar’s safe-haven appeal.


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Ref Soyoil Ended With Losses On Profit Booking Amid Improved Imports

Ref.Soya oil trading range for the day is 755-769.

Ref soyoil ended with losses on profit booking amid improved imports of edible oils.

Government hike tariff value of crude soy oil by 48 dollar to $734 per tn for the first half of February.

USDA in its latest monthly update forecast India soyoil production at 16.92 lakh tonnes, up 2.2% on month and 22.1% on year

At the Indore spot market in Madhya Pradesh, soyoil was steady at 780.4 Rupees per 10 kgs.

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Aluminium dropped on concerns over U.S.-China trade dispute

Aluminium trading range for the day is 131.6-134.6.

Aluminium dropped on concerns over U.S.-China trade dispute and slowing global economic growth

Investors are looking ahead to trade talks between Beijing and Washington this week with a delegation of U.S. officials travelling to China for the next round of negotiations.

U.S. President Donald Trump said last week that he had no plans to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal.

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