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Mcx daily report 4 oct

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Mcx daily report 4 oct

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 04 OCT2018 NewsHighlights Gold dips as lull in Italy crisis dampens safe-haven buyinginterest. Gold eased on Wednesday after the Italian government indicated it was open to trimming its budget deficit and debt, soothing investors' nerves and prompting a wider move back into stocks and other higher-risk assets. Bullion was also pressured by a stronger dollar as economic data supported the view that the U.S. economy is strong. "With U.S. equities hitting record highs here, the stickiness in equity prices will continue and the dollar strength will continue to materialize with what the U.S. Federal Reserve is doing," said David Song, a currency analyst at DailyFX. A stronger greenback makes dollar-denominated gold more expensive for holders of other currencies, while rising interest rates increase the opportunity cost of holding non- yieldingbullion. As shorts exited in copper near closing, the contract inched up to anintraday. The SHFE 1811 contract once fell below the 50,000 yuan/mt level with pressure at the five-day moving average. As shorts exited near closing, the contract inched up to an intraday high of 50,240 yuan/mt and settled at 50,170 yuan/mt. The October contract traded some 230 yuan/mt higher than the November one today. The SHFE will be closed tonight and reopen on Monday October 8 after the week-long National Dayholiday. Declining shorts pulled up the SHFE 1811 contract above the 20- and 10- day moving averages. Declining shorts pulled up the SHFE 1811 contract above the 20- and 10- day moving averages, to a high of 104,580 yuan/mt. The contract settled at 104,550 yuan/mt with capitals of some 213 million yuan flowing out of all SHFE nickel contracts. Open interests of the 1811 contract lost 20,000 lots to 184,000lots. Data to watch tonight include the US August personal consumption expenditures (PCE) inflation, personal income and spending and September consumer confidence. Oil falls as Saudi and Russia quietly agree output rise, US stocksswell. Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. "Data for last week showed a much more significant than expected ... build in U.S. commercial crude (inventories), which generally suggests that oil prices should tumble," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore. U.S. weekly Midwest refinery utilization rates dropped to 78.9 percent, their lowest since October 2015, according to the data. U.S. crude oil production C-OUT-T-EIA remained atarecord-highof11.1millionbarrelsperday(bpd).RussiaandSaudiArabiastruck

  2. a private deal in September to raise oil output to cool rising prices, Reuters reported on Wednesday, before consulting with other producers, including the rest of the Organization of the Petroleum Exporting Countries (OPEC). and Saudi Arabia's actions come as markets have heated up ahead of U.S. sanctions against Iran's oil sector, which are set to kick in from Nov. 4, and which many analysts expect to knock around 1.5 million bpd of supply out ofmarkets.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 04 OCT2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 31600 RESIST 1: 31350 SUP1:31100 SUP 2:31000 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 39300 RESIST 1: 39100 SUP 1: 38900 SUP 2: 38700 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST2:468.00 RESIST1:465.00 SUP 1: 460.00 SUP 2: 456.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BULLISH RESIST 2:966.00 RESIST 1:958.00 SUP 1: 945.00 SUP 2: 937.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT)OVERVIEW: TREND : BULLISH RESIST2:204.00 RESIST1:201.00 SUP 1:196.00 SUP 2: 192.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2:153.50 RESIST 1:151.50 SUP 1:149.00 SUP 2: 147.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (OCT)OVERVIEW: TREND :BULLISH RESIST 2:169.00 RESIST 1:167.00 SUP 1:164.00 SUP 2:161.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (OCT)OVERVIEW: TREND :BULLISH RESIST 2:5720 RESIST 1:5680 SUP 1:5600 SUP 2: 5550 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (OCT)OVERVIEW: TREND :BULLISH RESIST 2:245.00 RESIST 1:242.00 SUP 1:235.00 SUP 2: 232.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 04 OCT2018 Pick for theDAY • MCX CRUDE OCT on Wednesday as seen in the Daily chart opened at 5537 levels and made day high of 5669 levels. During this period Crude low is 5457 levels and finally closed at 5646 levels. Now, there are chances of up movement technically &fundamentally. • Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crudeoutput. • U.S. weekly Midwest refinery utilization rates dropped to 78.9 percent, their lowest since October 2015, according to thedata. DAILY RECOMMENDATION: BUY MCX CRUDE OCT ABOVE 5650 LEVELS FOR TARGET OF 5695/5730 WITH SL 5590 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 04 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 BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips 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

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