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Mcx daily report 1 oct

This Document is regarding Daily Mcx report.

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Mcx daily report 1 oct

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 01 OCT2018 NewsHighlights Gold to resume the downside if DXY holds 95 handle and US yields rise, watch $1,180 doublebottom. While gold was climbing on Friday, the price is still technically in bearish territory and the DXY is making a foundation on the 95 handle which weighs significantly on the outlook for the precious metal while US yields continue to give the dollar the advantage - and if geopolitics kick up again, investors might be more inclined to search for yield and that has supported the dollar so far in 2018. The Fed is clearly on the move for the rest of this year and next which had lead to gold prices on the back foot for the month of September, suffering a monthly decline (six weeks of losses in fact). We will see how US yields play out again this week, but this is where investors wish to place capital currently. Stocks could start to become more vulnerable in an environment of higher rates - (Friday was a display of the bearishness brewing up - Italian budget jitters lead to the downside - Gold: Bulls rescued by the Italian crisis- led stocksturmoil. As shorts exited in copper near closing, the contract inched up to anintraday. The SHFE 1811 contract once fell below the 50,000 yuan/mt level with pressure at the five-day moving average. As shorts exited near closing, the contract inched up to an intraday high of 50,240 yuan/mt and settled at 50,170 yuan/mt. The October contract traded some 230 yuan/mt higher than the November one today. The SHFE will be closed tonight and reopen on Monday October 8 after the week-long National Dayholiday. Inflows declining shorts pulled up thenickel. Declining shorts pulled up the SHFE 1811 contract above the 20- and 10- day moving averages, to a high of 104,580 yuan/mt. The contract settled at 104,550 yuan/mt with capitals of some 213 million yuan flowing out of all SHFE nickel contracts. Open interests of the 1811 contract lost 20,000 lots to 184,000lots. Data to watch tonight include the US August personal consumption expenditures (PCE) inflation, personal income and spending and September consumer confidence. Brent oil rises to 4-year high ahead of Iran sanctions, traders eye morehikes. Brent crude oil prices rose to their highest since November 2014 on Monday aheadof U.S. sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in next month. WTI prices were supported by a report on Friday of a stagnant rig count in the United States, which points to a slowdown in U.S. crude production C-OUT-T-EIA , which now rivals top producers Russia and Saudi Arabia was pushed up by looming sanctions againstIran,

  2. which will start targeting its oil sector from Nov. 4. In a sign that the financial market is positioning itself for further price rises, hedge funds increased their bullish wagers on U.S. crude in the week to Sept. 25, data from the U.S. Commodity Futures Trading Commission (CFTC) showed on Friday, increasing futures and options positions in New York and London by 3,728 contracts to 346,566 during theperiod.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 01 OCT2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 30550 RESIST 1: 30450 SUP1:30250 SUP 2:30150 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 38800 RESIST 1: 38600 SUP 1: 38400 SUP 2: 38200 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:458.00 RESIST1:453.00 SUP 1: 448.00 SUP 2: 445.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BEARISH RESIST 2:925.00 RESIST 1:918.00 SUP 1: 910.00 SUP 2: 902.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT)OVERVIEW: TREND : BULLISH RESIST2:195.00 RESIST 1:193.00 SUP 1:190.00 SUP 2: 188.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2:151.50 RESIST 1:149.50 SUP 1:147.00 SUP 2: 145.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2:151.00 RESIST 1:149.00 SUP 1:147.00 SUP 2:146.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (OCT)OVERVIEW: TREND :SIDEWAYS RESIST 2: 5450 RESIST 1:5370 SUP 1:5320 SUP 2: 5280 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (OCT)OVERVIEW: TREND :BULLISH RESIST 2:223.00 RESIST 1:221.00 SUP 1:219.00 SUP 2: 217.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 01 OCT2018 Pick for theDAY • MCX CRUDE OCT on Monday as seen in the Daily chart opened at 5344 levels and made day high of 5356 levels. During this period Crude high is 5356 levels and finally closed at 5335 levels. Now, there are chances of up movement technically &fundamentally. • In a sign that the financial market is positioning itself for further price rises, hedge funds increased their bullish wagers on U.S. crude in the week to Sept. • Brent crude oil prices rose to their highest since November 2014 on Monday ahead of U.S. sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in nextmonth. DAILY RECOMMENDATION: BUY MCX CRUDE OCT ABOVE 5372 LEVELS FOR TARGET OF 5420/5450 WITH SL 5330 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 01 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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