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Mcx daily report 19 oct

this Document is to provide Daily Mcx Report.

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Mcx daily report 19 oct

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 19 OCT2018 NewsHighlights Gold edges higher as Asian sharesslip. There Gold prices held steady on Wednesday despite a rise in equities, with investors waiting for minutes from the US Federal Reserve's latest policy meeting for any fresh clues on the pace of interest rate hikes. Spot gold was up 0.1 per cent at $1,224.70 an ounce at 0100 GMT. On Monday, it touched its highest since July 26 at $1,233.26 an ounce. US President Donald Trump heaped more criticism on the Fed in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public. Past US presidents have been reticent to criticize the central bank because its independence is seen as important for economic stability. But Trump in the past week has called the Fed "crazy," "loco," "ridiculous," and "too cute". Asian equities got some much needed relief on Wednesday after upbeat US earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies. As the dollar strengthened, LME copper tumbled in late trading onThursday. As the dollar strengthened, LME copper tumbled in late trading on Thursday and endedat $6,132/mt. It has closed lower for four consecutive days. The SHFE 1812 contract became the most traded SHFE copper contract overnight. As longs added and shorts cut their positions, the contract crept past the 50,000 yuan/mt level after it dropped to a low of 49,720 yuan/mt. On the technical front, LME copper fell past the 10-day moving average and the middle Bollinger band. While the SHFE 1812 contract closed above its opening price overnight, open interest for the SHFE copper complex stood below 600,000 lots, suggesting a bearish outlook on demand. Purchases across the physical markets remained sluggish in the previous day with spot discounts offered at 70-40 yuan/mt. Declines in copper prices might trigger some downstreampurchases. US dollar weakened and the growth in US consumer price index for September missed expectations. London nickel fluctuated to close at $12,535/mt on Tuesday. It fell to a low of $12,400/mt and met pressure at the five-day moving average. While its trading level inched up, the SHFE 1901 contract traded in negative territory and ended at 102,790 yuan/mt overnight. LME nickel is expected to hover around $12,600/mt today and the SHFE 1901 contract is expected to trade at 102,500-104,000 yuan/mt with spot prices at 103,500-110,000 yuan/mt.. Oil prices nudged higher on Friday but were set for a second weekly drop amidhigher U.S. crudeinventories. Oil prices nudged higher on Friday but were set for a second weekly drop amid higher U.S. crude inventories, an ongoing Sino-U.S. trade war and concerns over the death of a prominentSaudijournalist.Fortheweek,U.S.crudewasdown3.5percent,whileBrentwas 1.1 percent lower, putting both on track for a second consecutive weekly decline. U.S. crude stockslastweekclimbed6.5millionbarrels,thefourthstraightweeklybuild,almosttriple

  2. the amount analysts had forecast, the U.S. Energy Information Administration said on Wednesday. Inventories rose sharply even as U.S. crude production slipped 300,000 barrels per day to 10.9 million bpd last week due to the effects of offshore facilities closing temporarily for HurricaneMichael.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 19 OCT2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 32200 RESIST 1: 32100 SUP1:31800 SUP 2:31700 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND :SIDEWAYS RESIST 2:39200 RESIST 1:39000 SUP 1: 38700 SUP 2: 38500 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:458.00 RESIST1:452.00 SUP 1: 445.00 SUP 2: 440.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BEARISH RESIST 2:928.00 RESIST 1:918.00 SUP 1: 914.00 SUP 2: 907.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT)OVERVIEW: TREND : BULLISH RESIST2:202.00 RESIST1:200.00 SUP 1:198.00 SUP 2: 196.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : BEARISH RESIST 2:150.00 RESIST 1:148.00 SUP 1:145.00 SUP 2: 143.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (OCT)OVERVIEW: TREND :BEARISH RESIST 2:152.00 RESIST 1:150.00 SUP 1:148.00 SUP 2:146.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (OCT)OVERVIEW: TREND :BEARISH RESIST 2:5150 RESIST 1:5100 SUP 1:5040 SUP 2: 5000 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (OCT)OVERVIEW: TREND :SIDEWAYS RESIST 2:242.00 RESIST 1:240.00 SUP 1:237.00 SUP 2: 235.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 19 OCT2018 Pick for theDAY • MCX CRUDE Oct on Tuesday as seen in the Daily chart opened at 5125 levels and made day Low of 5044 levels. During this period Crude High is 5132 levels and finally closed at 5073 levels. Now, there are chances of down movement technically &fundamentally. • Oil prices nudged higher on Friday but were set for a second weekly drop amid higher U.S. crude inventories, an ongoing Sino-U.S. trade war and concerns over the death of a prominent Saudijournalist. • For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent lower, putting both on track for a second consecutive weeklydecline. DAILY RECOMMENDATION: SELL MCX CRUDE OCT BELOW 5045 LEVELS FOR TARGET OF 5015/5002 WITH SL 5090 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 19 OCT2018 Disclaimer The information and views in this report & all the service we provide are believed to be reliable, but we do not accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. My research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financialadviser. Capital Stars shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of regulators. The price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Investment & Trading in Securities Markets are always subjected to market risk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in

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