Mcx daily report 12 oct 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -12 OCT 2017 News High lights Gold Prices Gain In Asia As Fed Minutes Seen Slightly Dovish. Gold gained in Asia as the Fed appears on track for a December rate hike, but set a somewhat overall dovish tone on the track for 2018 in minutes released overnight. Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19- 20 released on Wednesday. The readout of the meeting, at which the Fed announced it would begin this month to reduce its large bond portfolio mostly amassed following the financial crisis and unanimously voted to hold rates steady, also showed that officials remained mostly sanguine about the economic impact of recent hurricanes. "Many participants expressed concern that the low inflation readings this year might reflect... the influence of developments that could prove more persistent, and it was noted that some patience in removing policy accommodation while assessing trends in inflation was warranted," the Fed said in the minutes. Chile Copper Export Hits 3-Year High in September, Sees Copper Price Rise Later This Year. Chile’s copper export value reached $3.18 billion in September, the highest over the past three years. Pan Pacific Copper to Hike Copper Production in Next 6 Months. Chile’s mining minister Aurora Williams said copper prices will rise mildly for the remainder of the year, but will unlikely push to $3 per pound. US Copper Imports Fall Sharply in August and Exports Grow. ILZSG: World Zinc Deficit Worsens in August. Global zinc supply deficit expanded to 39,600 tonnes in August, compared to a revised 23,200 tonnes deficit in July, according to ILZSG. Hechi Nanfang to be Largest Zinc Producer in China by 2020. Zinc shortages was 287,000 tonnes during January-August, versus 221,000 tonnes in the same period of last year. Zinc Inventory in China Major Markets around National Day Holiday. Crude Oil Prices Drop In Asia After API Estimates, EIA Data Awaited . Oil prices fell in Asia on Thursday as U.S. industry estimates showed a bearish and unexpected build in crude inventories and investor awaited official figures.The API estimates will be followed by official data on Thursday from the Energy Information Administration (EIA). The API and EIA figures often diverge. Overnight, crude oil prices settled higher on Wednesday after Opec said demand for oil is set to increase in 2018 raising investor expectations that higher demand will rein in excess supplies. In its monthly report, the Organization of the Petroleum Exporting Countries (Opec) indicated that market rebalancing will continue amid forecasts that global oil demand will rise by around 30,000 barrels a day for this year and 2018. The upbeat forecast for oil demand growth, however, was offset by a rise in Opec production by 90,000 barrels a day, fueling concerns that Opec compliance with the deal to curb output is starting to wane.

2. CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647 MCX Daily Report -12 OCT 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 30150 RESIST 1: 30000 SUP 1: 29650 SUP 2: 29500 WWW.CAPITALSTARS.COM +917316690000 2 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 41100 RESIST 1: 40900 SUP1: 39900 SUP2: 39700 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 454.00 RESIST 1: 451.00 SUP1: 442.00 SUP2: 439.00 WWW.CAPITALSTARS.COM +917316690000 CS NICKEL (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 740.00 RESIST 1: 735.00 SUP1: 708.00 SUP2: 703.00 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 217.00 RESIST 1: 215.00 SUP1: 208.00 SUP2: 206.00 WWW.CAPITALSTARS.COM +917316690000 CS LEAD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 172.00 RESIST 1: 170.00 SUP1: 162.00 SUP2: 160.00 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 141.00 RESIST 1: 140.50 SUP1: 137.00 SUP2: 136.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 3440 RESIST 1: 3400 SUP1: 3290 SUP2: 3250 WWW.CAPITALSTARS.COM +917316690000 CS NATURAL GAS (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 197.00 RESIST 1: 193.00 SUP1: 186.00 SUP2: 182.00 WWW.CAPITALSTARS.COM +917316690000

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4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report -12 OCT 2017 Pick for the Day MCX Crude Oil Oct on Wednesday as seen in the daily chart opened at 3338 levels and day high of 3360 levels. During this period price corrected & made day low of 3304 levels finally closed at 3348 levels. Now, there are chances of further Upside movement technically & fundamentally. U.S. West Texas Intermediate and internationally-favored crude oil futures finished slightly higher on Wednesday as investors prepared for the release of weekly inventories data from the American Petroleum Institute (API) on Wednesday and the U.S. Energy Information Administration (EIA) on Thursday.  Oil prices rose for a third day on Wednesday as OPEC forecast higher demand for 2018 and heightened tensions in Kurdistan supported prices. DAILY RECOMMENDATION: Buy MCX CRUDE OIL OCT AROUND 3340 LEVELS FOR TARGET OF T1 3390/T2 3410 WITH SL 3260 OF LEVELS.

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