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Mcx daily report 3 oct

This Document is regarding Daily Mcx Report.

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Mcx daily report 3 oct

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 03 OCT2018 NewsHighlights Gold to be stuck in a 1180 / 1215 range for the nearterm. While the set of market dynamics that have recently driven the yellow metal into the ditch are set to remain for the balance of 2018. We expect choppy range-bound trading between $1,180-1,215/oz in the near term. Fiscal stimulus and worries that rates are set to rise ever closer to the dots will increase the opportunity costs of holding zero-yielding assets. US dollar's strength relative to western and EM currencies is quite likely to remain a significant headwind. We don't expect much sustainable upside in the near term, and expect prices to remain under pressure for now. 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 firm on Iran sanctions, but rising US supply and strong dollarweigh. Oil prices were firm on Wednesday on expectations of tighter markets once U.S. sanctions target Iran's petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. Traders said global oil markets remained tense because of the looming U.S. sanctions against Iran's oil exports, which kick in from Nov. 4 and WTI earlier this week both reached levels last seen in November 2014, and the two contracts have risen by around 20 and 17 percent respectively sincemid-August.Despitethis,traderssaidpriceswereheldbackbyastrongdollar U.S. commercial crude inventories rose by 907,000 barrels in the week to Sept. 28to 400.9 million, the private American Petroleum Institute (API) said on Tuesday. Refinery crude runs fell by 158,000 barrels per day (bpd), API data showed.Weekly

  2. government data is due from the Energy Information Administration (EIA) on Wednesday.Traderssaidtherisingstockswerepartlyduetoarelentlessincreasein U.S. crude oil production, which has jumped by a third since mid-2016 to arecord 11.1 million bpdC-OUT-T-EIA.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 03 OCT2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 31400 RESIST 1: 31300 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 RESIST2:462.00 RESIST1:458.00 SUP 1: 453.00 SUP 2: 449.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BULLISH RESIST 2:925.00 RESIST 1:918.00 SUP 1: 910.00 SUP 2: 902.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT)OVERVIEW: TREND : BULLISH RESIST2:195.00 RESIST 1:193.00 SUP 1:190.00 SUP 2: 188.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2:151.50 RESIST 1:149.50 SUP 1:147.00 SUP 2: 145.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (OCT)OVERVIEW: TREND :BULLISH RESIST 2:156.00 RESIST 1:155.00 SUP 1:153.00 SUP 2:151.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (OCT)OVERVIEW: TREND :BULLISH RESIST 2:5550 RESIST 1:5500 SUP 1:5450 SUP 2: 5400 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (OCT)OVERVIEW: TREND :BULLISH RESIST 2:234.00 RESIST 1:232.00 SUP 1:229.00 SUP 2: 227.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 03 OCT2018 Pick for theDAY • MCX CRUDE OCT on Monday as seen in the Daily chart opened at 5344 levels and made day high of 5512 levels. During this period Crude low is 5325 levels and finally closed at 5501 levels. Now, there are chances of up movement technically &fundamentally. • In Oil prices were firm on Wednesday on expectations of tighter markets once U.S. sanctions target Iran's petroleum industry from next month. • API data showed. Weekly government data is due from the Energy Information Administration (EIA) onWednesday. DAILY RECOMMENDATION: BUY MCX CRUDE OCT ABOVE 5500 LEVELS FOR TARGET OF 5550/5600 WITH SL 5400 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 03 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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