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Mcx daily report 18 sept

This Document is regrading Daily Mcx Report.

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Mcx daily report 18 sept

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 18 Sep 2018 News Highlights Gold slips as new US tariffs on China lifts dollar. Gold prices have declined over 12 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. Hedge funds and speculators have swung sharply toward pricing in higher rates and yields at the short end of the curve, a sign that they are backing down and now think the Fed will stick to the pace and path of rate hikes it has long flagged. Bond traders are increasing bets the Federal Reserve will raise US short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 per cent goal. Three South African unions have signed a three- year wage deal with AngloGold Ashanti, potentially inching the country's gold industry closer to ending a standoff over pay. The US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods. LME copper opened at a low of $5,858/mt today as shorts surged on news that the US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods. Spot premiums are expected to stay at highs on expectations of rising demand before the upcoming week-long National Day holiday. Premiums are set at 190-250 yuan/mt today. LME nickel inventory dropped. LME nickel faced resistance at the five- and 10- day moving averages overnight, and settled 1.13% lower, even though pressure from the US dollar eased. The SHFE 1811 contract also fell as spot products increased faster than demand amid opened import window. We expect LME nickel to hover around $12,300/mt today with the contract trading at 101,000-102,500 yuan/mt. Spot prices are set at 102,000-108,500 yuan/mt. Oil prices drop as escalating U.S.-China trade war clouds demand outlook. Oil markets fell on Tuesday as the latest escalation in the Sino-U.S. trade war clouded the outlook for crude demand from the two countries, which are the world's top two oil consumers. U.S. West Texas Intermediate (WTI) crude CLc1 was down 28 cents, or 0.4 percent, to $68.62 per barrel. U.S. President Donald Trump on Monday said he would impose 10 percent tariffs on about $200 billion worth of Chinese imports. growing trade dispute has hurt trading sentiment. The impact on economic growth is slowly dripping in, which again hurts oil prices," Wang Xiao, head of crude research at Guotai Junan Futures, said on Tuesday. Refineries in the United States consumed about 17.7 million barrels per day (bpd) of crude oil last week while China's refiners used about 11.8 million bpd in August, according to government data from the countries, the most among the world's countries.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 18 Sep 2018 Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 30950 RESIST 1: 30750 SUP 1:30550 SUP 2:30450 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 37500 RESIST 1: 37300 SUP 1: 36900 SUP 2: 36700 WWW.CAPITALSTARS.COM +917440449744 Base Metals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST 2:434.00 RESIST 1:430.00 SUP 1: 423.00 SUP 2: 418.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 918.00 RESIST 1: 910.00 SUP 1: 892.00 SUP 2: 880.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BEARISH RESIST 2:172.00 RESIST 1:170.00 SUP 1: 168.00 SUP 2: 163.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 151.00 RESIST 1: 149.00 SUP 1: 146.00 SUP 2: 144.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 149.00 RESIST 1: 148.00 SUP 1: 147.00 SUP 2: 145.50 WWW.CAPITALSTARS.COM +917440449744 Energies CS CRUDE OIL (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 5040 RESIST 1: 4990 SUP 1: 4930 SUP 2: 4880 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (SEP) OVERVIEW: TREND : BEARSIH RESIST 2: 207.00 RESIST 1: 205.50 SUP 1: 201.00 SUP 2: 199.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 18 Sep 2018 Pick for the DAY MCX COPPER NOV on Monday as seen in the Daily chart opened at 424.30 levels and made day High of 430.35 levels. During this period COPPER came down to 424.15 levels and finally closed at 429.75 levels. Now, there are chances of up movement technically & fundamentally. LME copper opened at a low of $5,858/mt today as shorts surged on news that the US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods.  The SHFE 1811 contract also fell as spot products increased faster than demand amid opened import window.  DAILY RECOMMENDATION: BUY MCX COPPER NOV ABOVE 428.50 LEVELS FORTARGET OF 431.50/433.50 WITH SL 424 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 18 Sep 2018 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 financial adviser. 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 all Rights. CONTACT US BRANCH OFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share Tips Expert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in

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