MCX Daily Report - 9 Oct 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 09 OCT 2017 News High lights Gold Prices Gain Smartly in Asia As China Returns from Week-Long Break. Gold prices jumped in Asia on Monday with China back after a week-long break bringing some heft to the market even as Japan, South Korea and Taiwan are shut for holidays. This week, Wednesday’s Fed minutes will be in focus for fresh indications on the timing of the next U.S. rate hike. Friday’s U.S. data on inflation and retail sales will also be in focus. Markets will also be eyeing a speech by ECB head Mario Draghi for clues on when the central bank will shift away from its ultra-easy policy. Last week, gold prices rebounded from two month lows on Friday as fresh concerns over tensions with North Korea pressured the dollar lower and bolstered safe haven demand for the precious metal. The dollar fell following reports on Friday that North Korea is preparing to test a long-range missile, adding to fears over a potential conflict in the region. The dollar earlier rose as higher than expected wage growth in the U.S. jobs report for September was seen as potentially boosting inflation. The uptick in wage inflation bolstered expectations that the Federal Reserve will hike interest rates in December. US Lead Imports Fall Remarkably in August, Exports Surge. US lead imports declined sharply in August, while lead exports jumped, according to Commerce Department. US Copper Imports Fall Sharply in August and Exports Grow. Lead imports by the US were 34,990,691 kg in August, much lower than 56,191,550 kg in July. Total lead imports were 378,075,347 kg during January-August. SHFE Base Metals Surge upon Reopening, with SHFE Zinc Refreshing 10-year High. SHFE base metals mostly opened higher on October 9, the first day following Chinese National Day holiday. SHFE zinc and SHFE nickel rose 2%, leading gains of base metals. SHFE zinc reached a 10-year high. LME Base Metals Price Movement during Chinese National Day Holiday. Crude Oil Gains In Asia As Market Looks Ahead To Busy Data Week. Crude oil prices gained in Asia on Monday with investors focused on fairly busy week of data points on supply and demand. Markets in Japan shut and China comes back from a week-long holiday. In the week ahead, market participants will eye fresh weekly information on U.S. stockpiles of crude and refined products on Wednesday and Thursday to further weigh what the impact of recent storm activity was on supply and demand. Oil traders will also focus on monthly reports from the Organization of Petroleum Exporting Counties and the International Energy Agency to assess global oil supply and demand levels. The data will give traders a better picture of whether a global rebalancing is taking place in the oil market. The market is also waiting on President Donald Trump’s decision on Thursday on whether or not to certify Iran’s compliance with the international nuclear deal. This week, Wednesday’s Fed minutes will be in focus for fresh indications on the timing of the next U.S. rate hike. Friday’s U.S. data on inflation and retail sales will also be in focus.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report -09 OCT 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 30050 RESIST 1: 29900 SUP 1: 29550 SUP 2: 29400 TREND : SIDEWAYS RESIST 2: 445.00 RESIST 1: 442.00 RESIST 2: 715.00 RESIST 1: 710.00 CS ZINC (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 219.00 RESIST 1: 217.00 CS LEAD (OCT) OVERVIEW: RESIST 2: 169.00 RESIST 1: 167.00 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 142.00 RESIST 1: 141.00 SUP1: 137.00 SUP2: 136.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (OCT) OVERVIEW: TREND : BEARISH CS NATURAL GAS (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 195.00 RESIST 1: 192.00

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4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 09 OCT 2017 Pick for the Day MCX Crude Oil Oct on Friday as seen in the daily chart opened at 3311 levels and day high of 3323 levels. During this period price corrected & made day low of 3223 levels finally closed at 3241 levels. Now, there are chances of further downside movement technically & fundamentally. ∑ Prices were supported earlier in the week as traders weighed the likelihood that OPEC-led production cuts will be extended through next year in the wake of a meeting between Saudi King Salman and Russian President Vladimir Putin in Moscow. ∑ The original deal, struck nearly a year ago between OPEC and 10 other non-OPEC countries led by Russia, was to cut production by 1.8 million barrels a day for six months. The agreement was extended in May of this year for a period of nine months until March 2018 in a bid to reduce global oil inventories and support oil prices. DAILY RECOMMENDATION: Sell MCX CRUDE OIL OCT AROUND 3260 LEVELS FOR TARGET OF T1 3210/T2 3190 WITH SL 3340 OF LEVELS.

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