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Mcx daily report 5 oct

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Mcx daily report 5 oct

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 05 OCT2018 NewsHighlights U.S. oil exports fall as India turns to Iran ahead ofsanctions. U.S. oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler data showed. India accounted for 12 percent of U.S. crude exports in June. Last month, Indian buyers lifted purchases of Iranian crude to 502,000 bpd, up 111,000 bpd over August, in "a last gasp" of purchases "before sanctions actually hit," a U.S.-based trader said, adding that those additional barrels displaced U.S. crude. Overall U.S. exports also fell 917,000 bpd to 1.7 million bpd in the last week of September, according to the Energy Information Administration, as a stronger U.S. dollar and Brent's premium to WTI fell, making U.S. crude lessaffordable. 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 prices rise ahead of U.S. Iran sanctions, but outlook for 2019 lesscertain. Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran's crude exports that are set to start next month to tighten global markets. "Crude oil prices drifted lower (on Thursday) on combination of rising oil production in Saudi Arabia and Russia and a build-up of inventories in the U.S.. That said, prices remained resilient as supply worries persist amid looming Iranian sanctions," ANZ bank said on Friday. Financial traders have accumulated bullish long positions betting on a further rise in prices amounting to almost 1.2 billion barrels of oil. Meanwhile, the number of short positions in the six most important petroleum futures andoptions contracts

  2. has fallen to the lowest level since before 2013, creating a near-record imbalance between bullish and bearish positions in financial crude markets. Bets have increased substantially as markets are moving ahead of an impending shortfall from U.S.-Iran sanctions," said Benjamin Lu of Singapore-based futures brokerage Phillip Futures in a note onFriday.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 05 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: 39100 RESIST 1: 38900 SUP 1: 38700 SUP 2: 38500 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:460.00 RESIST1:455.00 SUP 1: 450.00 SUP 2: 445.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BULLISH RESIST 2:945.00 RESIST 1:935.00 SUP 1: 922.00 SUP 2: 910.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT)OVERVIEW: TREND : BULLISH RESIST2:201.00 RESIST1:197.00 SUP 1:194.00 SUP 2: 190.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2:151.00 RESIST 1:148.00 SUP 1:147.00 SUP 2: 145.00 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 2:5600 RESIST 1:5550 SUP 1:5450 SUP 2: 5400 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 05 OCT2018 Pick for theDAY • MCX GOLD DEC on Thursday as seen in the Daily chart opened at 31200 levels and made day high of 31537 levels. During this period Crude low is 31200 levels and finally closed at 31417 levels. Now, there are chances of up movement technically &fundamentally. • Overall U.S. exports also fell 917,000 bpd to 1.7 million bpd in the last week of September, according to the Energy Information Administration, as a strongerU.S. • U.S. oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler datashowed. DAILY RECOMMENDATION: BUY MCX GOLD OCT ABOVE 31280 LEVELS FOR TARGET OF 31350/31390 WITH SL 31200 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 05 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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