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Mcx daily report 22 oct

This Document is regarding daily Mcx Report.

PurviMehta
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Mcx daily report 22 oct

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  1. Goldmarketsralliedabitfortheweek,aswehaveclearedtherecentconsolidationanditnowlookslikethe rally is going tocontinue. Goldmarketsralliedabitfortheweek,aswehave clearedtherecentconsolidationanditnow looksliketherallyis going to continue .The $1250 level above looks to be rather resistive and perhaps a nice target for the time being. Gold has broken to the upside again during the week, after forming a very bullish candle last week. This is a good sign, and it looks as if the $1175 level underneath is massive support, and if we break down below there it’s likely thatwecouldunwindratherdrastically,perhapsreachingtothe$1100level,andthenthe$1000levelafterthat. Oncewegetalittlehigher,close tothe$1300 level,thenIthinkyoumaygetabitextendedintheotherdirection. Goldtendstodothis.Longer-termthough,Istillthinkthatgoldisaniceinvestment. Heavypressurewasseenatthefive-daymovingaverageincopper. As The SHFE 1812 contract dipped twice to a low of 49,850 yuan/mt in the morning, but longs buoyed it in the afternoon to a high of 50,210 yuan/mt. It closed at 50,160 yuan/mt, with open interests across all SHFE copper contractsdownfurtherto527,400 lots.Whilethe 20-day movingaverageprovidedsupport,heavypressurewas seenatthefive-daymovingaverage.It isexpectedtotestsupportatitscurrentleveltonight.. USdollarweakenedandthegrowthinUSconsumerpriceindexforSeptembermissedexpectations. London Declining shorts pulled up the SHFE 1901 contract to broke pressure at the five-day moving average in the afternoon. It faced resistance at the 10-day moving average after climbing to an intraday high of 103,780 yuan/mt. The contract settled at 103,440 yuan/mt, with open interests down 27,000 lots to 268,000 lots. As its KDJ indicators expanded upwards, we expect the contract to hover around 102,500 yuan/mt tonight. Key data to monitor tonight include the US existing home sales forSeptember. The oilmarketsarevery skittishastherearetensionsbetweentheUnitedStatesandSaudiArabia,andthenof. Crude oil markets fell again during the week, breaking through some technical barriers but we also have support just below. I think the next weekly candle is going to be crucial for the market, so therefore it’s likely to be an interesting few days ahead of us. The oil markets are very skittish as there are tensions between the United States and Saudi Arabia, and then of course the Iranian sanctions. I think there are a lot of competing headlines right now, so it is going to be very difficult to trade. In fact, I suspect you are better off to wait to see how this weekly candle shakes out before you place a trade. Brent markets could lead the way. If they start to rally, then the WTI market should follow right along. Keep in mind that this market has been bullish for quite some time, and I think that it is only a matter time before we rally but I also recognize that there are simply competing headlines right now that the oil markets going to be very noisy to say the least. Overall, I think that you can get involved to the upsidebutyoumustdosoveryslowlyasthereisalotofdangeroutthere.

  2. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number: INA000001647 MCXDailyReport 22 OCT2018 CS ALUMINIUM (OCT)OVERVIEW: TREND :BEARISH RESIST 2:151.00 RESIST 1:149.00 SUP 1:148.00 SUP 2:146.00 WWW.CAPITALSTARS.COM+917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 22 OCT2018 Pick for theDAY • MCX Gold on Friday as seen in the Daily chart opened at 32047 levels and made day Low of 31863 levels. During this period Gold High is 32047 levels and finally closed at 31902 levels. Now, there are chances of up movement technically &fundamentally. • Gold prices held steady on Wednesday despite a rise in equities, with investors waiting for minutes from the USFederal Reserve's latest policy meeting for any freshcluesonthepaceofinterestratehikes. • US President Donald Trump heaped more criticism on the Fed in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued inpublic. DAILY RECOMMENDATION: BUY MCXGOLD DEC ABOVE 31935 LEVELS FOR TARGET OF 31980/32020 WITH SL 31850 OFLEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 22 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 beheldresponsiblefor.Investment&TradinginSecuritiesMarkets are alwayssubjectedtomarketrisk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research PrivateLimited Forex TradingTips Stock MarketTips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in Report Is Checked By InvestmentAdvisor:

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