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Mcx daily report 12 oct

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Mcx daily report 12 oct

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  1. 1 SEBI Registration Number:INA000001647 MCXDailyReport 12 OCT2018 CapitalStars Financial Research Pvt.,Ltd., Gold prices edged higher as some investors sought refuge in the preciousmetal. Gold edged down on Friday but held near an over two-month high hit in the previous session, when prices surged over 2 percent as a rout in global stock markets boosted the metal's safe-haven appeal. Spot gold was down 0.2 percent at $1,221.06 an ounce at the time of writing. On Thursday, it jumped about 2.5 percent after marking its highest since July 31 at $1,226.27. That was also the metal's best one-day percentage gain since June 2016. U.S. gold futures were down 0.3 percent at $1,224.50 an ounce. Worries about the economic impact of the Sino-U.S. trade war, a spike in U.S. bond yields this week and caution ahead of earnings seasons have all been cited as potential reasons behind the selloff, the biggest market rout sinceFebruary. Shrinking inventories provided some support to copper prices while anticipated growth in Chineseinfrastructure. London copper rebounded to a high of $6,300/mt as the dollar fell poor data from the consumer price index (CPI). The SHFE 1811 contract also gained and tried to stand firmly above the 10-day moving average overnight with a shorter MACD red line. Shrinking inventories provided some support to copper prices while anticipated growth in Chinese infrastructure and upbeat orders for stockpiling before the year-end buoyed SHFE copper. LME copper is likely to trade at $6,150-6,280/mt today; the SHFE 1811 contract is expected to trade at 50,060-50,650 yuan/mt. Spot prices are seen between discounts of 30 yuan/mt to premiums of 30yuan/mt. US dollar weakened and the growth in US consumer price index for September missed expectations. London nickel and the SHFE 1811 contract rebounded overnight as the US dollar weakened and the growth in US consumer price index for September missed expectations. LME nickel rallied to a high of $12,780/mt and settled at $12,705/mt, with LME stocks dipping 600 mt to 224,928 mt. The SHFE 1811 contract slid from a high of 105,150 yuan/mt to close at 104,700 yuan/mt. Fundamentals supported and grew both supply and demand. We forecast LME nickel hovering around $12,600/mt today, with the SHFE 1811 contract trading at 103,500-105,000 yuan/mt. Spot prices are set at 103,500-110,500 yuan/mttoday.. Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered arout. Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 percent for the week. U.S. West Texas Intermediate (WTI) crude futures were up 11 cents at $71.08 a barrel, after falling 3 percent in the previous session to the lowestsince

  2. Sept. 21. U.S. crude inventories rose by 6 million barrels last week, the Energy Information Administration said, more than double analysts' expectations of a 2.6 million-barrel increase. The Organization of the Petroleum Exporting Countries cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets. OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group's secretary-general said on Thursday.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 12 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 12 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. • Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC's third-largest producer, are declining in the run-up to the re-imposition of U.S. sanctions and as a hurricane moved across the Gulf of Mexico. • Iran's crude exports fell further in the first week of October, according to tanker data and an industry source, as buyers are seeking alternatives ahead of the start of the U.S. sanctions on Nov. 4 and creating a challenge to other OPEC oil producers as they seek to cover theshortfall.

  5. DAILY RECOMMENDATION: SELL MCX CRUDE OCTBELOW 5270 LEVELS FOR TARGET OF 5240/5210 WITH SL 5350 OF LEVELS. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 12 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

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