Mcx Daily Report - 11 Oct 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 11 OCT 2017 News High lights Gold Falls In Asia As Market Awaits Fed Minutes. Gold prices eased in Asia on Wednesday ahead of minutes from the Fed due later in the day and expected to show a largely hawkish stance on the need for a December hike and into next year. Overnight, gold prices rose for the second day in a row buoyed by continued dollar weakness while ongoing political tensions between the U.S. and North Korea lifted sentiment. Gold’s bullish start to the week continued as safe-haven demand remained elevated amid ongoing geopolitical uncertainty on the Korean Peninsula while dollar weakness supported an uptick in demand for the precious metal. “Gold has benefited from the U.S. dollar’s fall, along with geopolitical tensions. For the remainder of this year, we believe that gold is likely to mirror the dollar and ‘follow fear,’ wrote Scott Wren, senior global equity strategist at Wells Fargo (NYSE:WFC) (NYSE:WFC) Investment Institute, in a Monday research note. Gains in gold, however, were capped after the Catalan government Carles Puigdemont said he wanted to delay any formal declaration of independence, easing geopolitical uncertainty in the region. Trader Reaction to $3.0700 Will Determine Near-Term Direction. December Comex High Grade Copper futures surged on Tuesday on expectations of increased demand from China and a weaker U.S. Dollar. The weaker Greenback drove up foreign demand for the dollar-denominated copper market. The main trend is up according to the daily swing chart. Tuesday’s rally drove the market through the closing price reversal top at $3.0560, negating the chart pattern and signaling a resumption of the uptrend. Zinc Price Keeping High, How Much will Smelting Plants Increase in Output?. Zinc price keeps high with good profits of smelting plants. Since plants reduce output for overhaul due to raw materials and environmental protection during first half of the year, many enterprises plan to increase output for annual production plan. But as per SMM research, zinc smelting plants gain much less output increase than anticipation due to short supply of raw materials and problems of production equipment. Crude Oil Prices Up In Asia As Market Looks To API Estimates . Crude oil prices gained in Asia on Wednesday ahead of industry estimates of U.S. inventories as refineries in Texas recover from hurricane-related shutdowns. Overnight, crude oil prices settled sharply higher on Tuesday after de facto Opec leader Saudi Arabia vowed to reduce monthly crude exports amid expectations that market rebalancing is underway. Crude oil prices had their best day in two weeks as sentiment turned positive after Saudi Arabia pledged to cut its November crude oil exports by 7% or 560,000 barrels a day, compared with the same period last year in order to strengthen the market rebalancing process. The gap between supply and demand in oil markets is expected to narrow further in the coming months amid a surge in global demand growth which has lifted oil prices above $50 a barrel.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 11 OCT 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 30100 RESIST 1: 29950 SUP 1: 29650 SUP 2: 29500 TREND : BULLISH TREND : BULLISH RESIST 2: 452.00 RESIST 1: 449.00 RESIST 2: 735.00 RESIST 1: 730.00 CS ZINC (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 221.00 RESIST 1: 219.00 CS LEAD (OCT) OVERVIEW: RESIST 2: 171.00 RESIST 1: 169.00 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 143.00 RESIST 1: 141.50 SUP1: 138.00 SUP2: 137.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (OCT) OVERVIEW: TREND : BULLISH CS NATURAL GAS (OCT) OVERVIEW: RESIST 2: 197.00 RESIST 1: 194.00

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4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 11 OCT 2017 Pick for the Day MCX Crude Oil Oct on Tuesday as seen in the daily chart opened at 3249 levels and day high of 3335 levels. During this period price corrected & made day low of 3244 levels finally closed at 3330 levels. Now, there are chances of further Upside movement technically & fundamentally. ∑ The OPEC-led production cuts started in January and are set to expire at the end of March 2018. There have been talks about extending the curbs, but no formal agreement has been reached. ∑ December West Texas Intermediate crude oil futures are trading higher on Tuesday, supported by Saudi Arabian export cuts in November and signs that the market is rebalancing after years of oversupply. Basically, prices are being boosted by news that the Saudis are planning to reduce its oil shipment to customers in November. This is in line with the country’s commitment to the OPEC-led production cuts. DAILY RECOMMENDATION: Buy MCX CRUDE OIL OCT AROUND 3310 LEVELS FOR TARGET OF T1 3360/T2 3380 WITH SL 3230 OF LEVELS.

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