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Mcx daily report 15 oct

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Mcx daily report 15 oct

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  1. 1 CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 15 OCT2018 Gold Supported above the confluence of S1 and the 21.6%Fibo. There were a recent combination short covering and a flight to safety that lead to gold's rapid increase in price with the precious metal climbing through the descending channel's resistance to set a fresh high of $1,226/oz up from $1,180 recent double bottom lows. However, US equity markets set a firmer tone on Friday with respect to investor risk appetite which leaves gold bulls exposed to the risk of a deeper correction should market's continue to recover - Gold had already retreated back to $1,216 which has been marked out by the bears in the last two full day's of trade since its advance. Eyes will stay focussed on US rates, the US dollar and stock markets with investor sentiment on shaky grounds considering the heightened tensions with respect to global trade relations and geopolitical risks. Low stocks and anticipation of brisk downstream demand are likely to provide some support to copperprices. London copper reversed some early gains on Friday as the dollar climbed. The SHFE 1812 contract on Friday night fell below the daily moving average and ended at 50,720 yuan/mt after it rose to a high of 51,090 yuan/mt. Copper prices recovered as the markets settled from the US equity rout. LME copper stood above the 20-day moving average as its MACD red line changed little. Its SHFE counterpart broke through the five-day moving average to test the upper Bollinger band. Spot premiums are likely to widen after delivery. Low stocks and anticipation of brisk downstream demand are likely to provide some support to copper prices. LME copper is expected to trade at $6,270-6,330/mt today with the SHFE 1812 contract at 50,400-51,000 yuan/mt. Spot premiums are seen at 40-100yuan/mt. US dollar weakened and the growth in US consumer price index for September missed expectations. In late trading on Friday, LME nickel lost all the gains it made earlier in the day and fell to a low of $12,610/mt before hovering around $12,670/mt and settling at $12,685/mt. The SHFE 1811 contract on Friday night rebounded to hover around 105,000 yuan/mt and end at 104,950 yuan/mt after it fell to a low of 104,430 yuan/mt. SHFE nickel prices are likely to remain rangebound as supply and demand both grow. LME nickel is expected to hoveraround $12,650/mt today and the SHFE 1811 contract is expected to trade at 104,000-106,000 yuan/mt. Spot prices are seen at 104,000-111,000yuan/mt. Oil prices climb amid Saudi tensions, but demand outlookdrags. Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long- term outlook for demand dragged on prices. "The market has again expressed concerns overgeopoliticaltensionsintheMiddleEastafterU.S.andSauditradedcommentsoverthe

  2. disappearance of the Saudi journalist, leading to a jump in prices," Wang Xiao, head of crude research with Guotai Junan Futures, wrote in a research note. Saudi Arabia has been under pressure since Jamal Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Istanbul. Kingdom would retaliate against possible economic sanctions taken by other states over the case, its state news agency SPA reported on Sunday quoting an officialsource.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 15 OCT2018 CS ALUMINIUM (OCT) OVERVIEW: TREND :BEARISH RESIST 2:153.00 RESIST 1:151.00 SUP 1:149.00 SUP 2:148.00 WWW.CAPITALSTARS.COM+917440449744 Energies

  4. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 15 OCT2018 Pick for theDAY • MCX CRUDE Oct on Tuesday as seen in the Daily chart opened at 5572 levels and Made day high of 5595 levels. During this period Crude low is 5488 levels and finally closed at 5574 levels. Now, there are chances of up movement technically & fundamentally. • Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged onprices. • Saudi Arabia has been under pressure since Jamal Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared onOct. DAILY RECOMMENDATION: BUY MCX CRUDE OCT ABOVE 5310 LEVELS FOR TARGET OF 5350/5390 WITH SL 5250 OF LEVELS. CapitalStars Financial Research Pvt.,Ltd.,

  5. SEBI Registration Number:INA000001647 MCXDailyReport 15 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 BRANCH OFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in Report Is Checked By InvestmentAdvisor:

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