SlideShare a Scribd company logo
1 of 6
Download to read offline
CapitalStars Financial Research Pvt.Ltd.,
BULLIONS WEEKLY REPORT 20 – 25 AUG 2018
PRECIOUS METAL
BASE METALS
ENERGY
CapitalStars Financial Research Pvt.Ltd.,
BULLIONS WEEKLY REPORT 20 – 25 AUG 2018
Gold News & Analysis:
Spot gold XAU= added 0.31 percent to $1,177.21 ounce by 1:35 p.m. EDT (1735 GMT), but was down 2.7 percent this
week in its sixth consecutive weekly loss. On Thursday, it touched $1,159.96, the lowest since January 2017Most of the
consumer demand is for light-weight variety, and investment demand for gold is sluggish due to rising interest rates,
tighter credit norms, among other factors. Fall in rupee exchange rate has helped arrest impact of a sharp correction in
the international prices of gold, which are down nine per cent in the current calendar year, even as the price of domestic
standard gold has remained more or less stagnant. Investment demand is shrinking with rising interest rates in India and
money moving to official channels. Gold recovered some ground on Friday as a weakening U.S. dollar relieved pressure on
prices, but the precious metal remained near 19-month lows and looked poised for its biggest weekly drop since May
2017.
Gold MCX Technical View:
Gold COMEX Technical View:
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
GOLD AUG BEARISH SELL ON RISE 30128 29739 29503 29114 28878
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
GOLD BEARISH SELL ON RISE 1233 1209 1184 1159 1135
CapitalStars Financial Research Pvt.Ltd.,
BULLIONS WEEKLY REPORT 20 – 25 AUG 2018
Silver News & Analysis:
Despite the slowdown in jobs growth the employment report supported expectations for two more rate hikes from the Federal
Reserve this year.
The Fed kept interest rates on hold on Wednesday but said the U.S. economy was strong, indicating that it is on track to deliver
expected rate hikes in September and December. Expectations for higher rates tend to be bearish for bullion, which struggles
to compete with yield-bearing assets when rates rise, while a stronger U.S. currency makes silver and other dollar-
denominated commodities more expensive for foreign investors. Elsewhere in precious metals trading, silver settled up 0.26%
at $15.425 a troy ounce, for a weekly loss of 0.19%.
Silver MCX Technical View:
Silver COMEX Technical View:
Crude Oil News & Analysis:
Crude oil markets very shaky for the week. Crude oil markets were very shaky during the week, going back and forth, but
recovering quite nicely on Thursday and Friday. Because of this, they may have saved themselves as the volatility seems to be
picking up. The WTI Crude Oil market broke down rather significantly during the week but bounced enough from just below the
$65 level to save itself from completely slicing through the uptrend line on the close. Brent markets were very noisy during the
week as well, breaking down towards the $71 level before finding buyers. By doing so, they formed a somewhat supportive
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
SILVER SEP BEARISH SELL ON RISE 38856 37817 37120 36081 35384
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
SILVER BERAISH SELL ON RISE 15.78 15.29 14.79 14.30 13.80
CapitalStars Financial Research Pvt.Ltd.,
BULLIONS WEEKLY REPORT 20 – 25 AUG 2018
candle, as we are starting to test significant support. I think that the market could rally from here but we need a reprieve with
US dollar strength.
Crude Oil Technical View:
Natural Gas News & Analysis:
Natural gas markets initially sold off during the week but turned around of form a bit of a hammer. The hammer is
pressing up against the $3.00 level, an area that has been important more than once. It is because of this that I think we
may have a little bit further to go to the upside. However, there are a couple of potential signals here. NG initially fell
during the week but found enough resiliencies, especially on Friday to turn around of form a bit of a hammer. We said just
below the $3.00 level, an area that is not only psychologically important but structurally important as well. If we can clear
that level, we could go as high as $3.10 before finding the next major resistance barrier.
Natural Gas Technical View:
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
CRUDE AUG SIDEWAYS SELL ON RISE 4893.3 4745.7 4635.3 4487.7 4377.3
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
N.GAS AUG BULLISH BUY ON DIPS 211.6 209.1 205.9 203.4 200.2
CapitalStars Financial Research Pvt.Ltd.,
BULLIONS WEEKLY REPORT 20 – 25 AUG 2018
Copper News & Analysis:
Large precious metals speculators lowered their bullish net positions in the Copper futures markets this week, according
to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on
Friday. The copper speculative position declined for a second straight week and for the seventh time out of the past eight
weeks. The overall net position is at the lowest standing since October 25th of 2016 when positions were at -13,754
contracts. Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month)
closed at approximately $275.2 which was a drop of $-7.95 from the previous close of $283.15, according to unofficial
market data.
Among base metals, copper ended at $2.745, down 0.74% for the day, extending its weekly loss to 0.76%.
Copper Technical View:
SCRIPT TREND STRATEGY R2 R1 PP S1 S2
COPPER AUG BEARISH SELL ON RISE 435.7 421.95 412.25 398.5 388.8
Week Ahead: SELL GOLD AUG AROUND 29620 TG 29350/291500 SL 29980
Direction Hinges Upon Escalation of Trade Dispute, Fed Chair Powell’s
Testimony.
This week, investors will continue to focus on demand for the U.S. Dollar and risky assets.
Additionally, the U.S. economic data’s influence on Treasury yields and the chances of additional
rate hikes from the Fed will be another catalyst driving the price action in gold. At this week’s
Congressional testimony on Tuesday and Wednesday, there is no doubt that Powell will be
discussing the direction of interest rates, strengthening inflation and the potential impact of a
trade war on U.S. economic growth.
Gold futures tumbled last week after early strength failed to draw in enough buyers to continue
the technical retracement that began the week-ending July 6. By the end of the week, sellers had
driven prices through the bottom at $1238.80 that started the short-covering rally.
CapitalStars Financial Research Pvt.Ltd.,
BULLIONS WEEKLY REPORT 20 – 25 AUG 2018
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 financial adviser.
Capitalstars 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 all Rights.
Contact Us
BRANCH OFFICE
Capitalstars Financial Research Private Limited
PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE
REGISTERED OFFICE
PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE
Email :- backoffice@capiltalstars.in
Report Is Checked By Investment Advisor :

More Related Content

What's hot

November 7 I Session 1 I GBIH
November 7 I Session 1 I GBIHNovember 7 I Session 1 I GBIH
November 7 I Session 1 I GBIHGBIHSupport
 
Commodity Report 9th Oct
Commodity Report 9th OctCommodity Report 9th Oct
Commodity Report 9th OctAlex Gray
 
November 11 l Session 2 l GBIH
November 11 l Session 2 l GBIHNovember 11 l Session 2 l GBIH
November 11 l Session 2 l GBIHGBIHSupport
 
Mcx daily report 21 nov 2017
Mcx daily report   21 nov 2017Mcx daily report   21 nov 2017
Mcx daily report 21 nov 2017Myra Cheng
 
November 11 l Session 1 l GBIH
November 11 l Session 1 l GBIHNovember 11 l Session 1 l GBIH
November 11 l Session 1 l GBIHGBIHSupport
 
Mcx Daily Report 07 Oct 2019
Mcx Daily Report 07 Oct 2019Mcx Daily Report 07 Oct 2019
Mcx Daily Report 07 Oct 2019Myra Cheng
 
Commodity Technical Outlook For Gold, Silver, Copper & Crude: 4th Oct
Commodity Technical Outlook For Gold, Silver, Copper & Crude: 4th OctCommodity Technical Outlook For Gold, Silver, Copper & Crude: 4th Oct
Commodity Technical Outlook For Gold, Silver, Copper & Crude: 4th OctAlex Gray
 
Mcx daily report 23 nov
Mcx daily report 23 novMcx daily report 23 nov
Mcx daily report 23 novNeha Sharma
 
Mcx daily report 4 oct
Mcx daily report 4 octMcx daily report 4 oct
Mcx daily report 4 octNeha Sharma
 
Mcx daily report 11 oct 2017
Mcx daily report   11 oct 2017Mcx daily report   11 oct 2017
Mcx daily report 11 oct 2017Myra Cheng
 
Mcx daily report
Mcx daily reportMcx daily report
Mcx daily reportNeha Sharma
 
Mcx daily report 29 nov
Mcx daily report 29 novMcx daily report 29 nov
Mcx daily report 29 novNeha Sharma
 
Mcx daily report 30 jan 2018
Mcx daily report   30 jan 2018Mcx daily report   30 jan 2018
Mcx daily report 30 jan 2018Myra Cheng
 
Daily comex-report-17-may-2018-by-epic-research
Daily comex-report-17-may-2018-by-epic-researchDaily comex-report-17-may-2018-by-epic-research
Daily comex-report-17-may-2018-by-epic-researchEpic Research
 
Aaj ka trend 05.10.16
Aaj ka trend 05.10.16Aaj ka trend 05.10.16
Aaj ka trend 05.10.16Choice Equity
 
October 6 l Session 2 l GBIH
October 6 l Session 2 l GBIHOctober 6 l Session 2 l GBIH
October 6 l Session 2 l GBIHGBIHSupport
 
October 6 l Session 1 l GBIH
October 6 l Session 1 l GBIHOctober 6 l Session 1 l GBIH
October 6 l Session 1 l GBIHGBIHSupport
 
Mcx daily report 24 aug 2017
Mcx daily report   24 aug 2017Mcx daily report   24 aug 2017
Mcx daily report 24 aug 2017Sana Hussain
 
Mcx daily report 16 aug
Mcx daily report 16 augMcx daily report 16 aug
Mcx daily report 16 augNeha Sharma
 

What's hot (20)

November 7 I Session 1 I GBIH
November 7 I Session 1 I GBIHNovember 7 I Session 1 I GBIH
November 7 I Session 1 I GBIH
 
Commodity Report 9th Oct
Commodity Report 9th OctCommodity Report 9th Oct
Commodity Report 9th Oct
 
November 11 l Session 2 l GBIH
November 11 l Session 2 l GBIHNovember 11 l Session 2 l GBIH
November 11 l Session 2 l GBIH
 
Mcx daily report 21 nov 2017
Mcx daily report   21 nov 2017Mcx daily report   21 nov 2017
Mcx daily report 21 nov 2017
 
November 11 l Session 1 l GBIH
November 11 l Session 1 l GBIHNovember 11 l Session 1 l GBIH
November 11 l Session 1 l GBIH
 
Mcx Daily Report 07 Oct 2019
Mcx Daily Report 07 Oct 2019Mcx Daily Report 07 Oct 2019
Mcx Daily Report 07 Oct 2019
 
Commodity Technical Outlook For Gold, Silver, Copper & Crude: 4th Oct
Commodity Technical Outlook For Gold, Silver, Copper & Crude: 4th OctCommodity Technical Outlook For Gold, Silver, Copper & Crude: 4th Oct
Commodity Technical Outlook For Gold, Silver, Copper & Crude: 4th Oct
 
Mcx daily report 23 nov
Mcx daily report 23 novMcx daily report 23 nov
Mcx daily report 23 nov
 
Mcx daily report 4 oct
Mcx daily report 4 octMcx daily report 4 oct
Mcx daily report 4 oct
 
Mcx daily report 11 oct 2017
Mcx daily report   11 oct 2017Mcx daily report   11 oct 2017
Mcx daily report 11 oct 2017
 
Mcx daily report
Mcx daily reportMcx daily report
Mcx daily report
 
Mcx daily report 29 nov
Mcx daily report 29 novMcx daily report 29 nov
Mcx daily report 29 nov
 
Mcx daily report 30 jan 2018
Mcx daily report   30 jan 2018Mcx daily report   30 jan 2018
Mcx daily report 30 jan 2018
 
Daily comex-report-17-may-2018-by-epic-research
Daily comex-report-17-may-2018-by-epic-researchDaily comex-report-17-may-2018-by-epic-research
Daily comex-report-17-may-2018-by-epic-research
 
Mcx daily report
Mcx daily reportMcx daily report
Mcx daily report
 
Aaj ka trend 05.10.16
Aaj ka trend 05.10.16Aaj ka trend 05.10.16
Aaj ka trend 05.10.16
 
October 6 l Session 2 l GBIH
October 6 l Session 2 l GBIHOctober 6 l Session 2 l GBIH
October 6 l Session 2 l GBIH
 
October 6 l Session 1 l GBIH
October 6 l Session 1 l GBIHOctober 6 l Session 1 l GBIH
October 6 l Session 1 l GBIH
 
Mcx daily report 24 aug 2017
Mcx daily report   24 aug 2017Mcx daily report   24 aug 2017
Mcx daily report 24 aug 2017
 
Mcx daily report 16 aug
Mcx daily report 16 augMcx daily report 16 aug
Mcx daily report 16 aug
 

Similar to Mcx weekly report 20 25 aug 2018

Mcx daily report 24 sept
Mcx daily report 24 septMcx daily report 24 sept
Mcx daily report 24 septNeha Sharma
 
Mcx daily report 16 feb 2018
Mcx daily report   16 feb 2018Mcx daily report   16 feb 2018
Mcx daily report 16 feb 2018Myra Cheng
 
Daily Mcx Reports 16 April 2019
Daily Mcx Reports 16 April 2019Daily Mcx Reports 16 April 2019
Daily Mcx Reports 16 April 2019Myra Cheng
 
CapitalStars MCX Daily Report 11 july 2019
CapitalStars MCX Daily Report 11 july 2019CapitalStars MCX Daily Report 11 july 2019
CapitalStars MCX Daily Report 11 july 2019ShayamSingh
 
Mcx daily report 17 oct
Mcx daily report 17 octMcx daily report 17 oct
Mcx daily report 17 octNeha Sharma
 
Mcx daily report 6 sept
Mcx daily report 6 septMcx daily report 6 sept
Mcx daily report 6 septNeha Sharma
 
Mcx daily report 01 august 2019
Mcx daily report 01 august 2019Mcx daily report 01 august 2019
Mcx daily report 01 august 2019capitalstars1
 
Mcx daily report 27 sept
Mcx daily report 27 septMcx daily report 27 sept
Mcx daily report 27 septNeha Sharma
 
Mcx daily report 7 sept(1)
Mcx daily report 7 sept(1)Mcx daily report 7 sept(1)
Mcx daily report 7 sept(1)Neha Sharma
 
Mcx daily report 19 oct
Mcx daily report 19 octMcx daily report 19 oct
Mcx daily report 19 octNeha Sharma
 
Mcx daily report 22 nov
Mcx daily report 22 novMcx daily report 22 nov
Mcx daily report 22 novNeha Sharma
 
Mcx daily report 24 nov
Mcx daily report 24 novMcx daily report 24 nov
Mcx daily report 24 novNeha Sharma
 
Mcx daily report 26 nov
Mcx daily report 26 novMcx daily report 26 nov
Mcx daily report 26 novNeha Sharma
 
Mcx daily report 20 feb 2019
Mcx daily report 20 feb 2019Mcx daily report 20 feb 2019
Mcx daily report 20 feb 2019Myra Cheng
 
Mcx daily report 12 nov
Mcx daily report 12 novMcx daily report 12 nov
Mcx daily report 12 novNeha Sharma
 
Mcx Daily Report 11 Feb 2019
Mcx Daily Report 11 Feb 2019Mcx Daily Report 11 Feb 2019
Mcx Daily Report 11 Feb 2019Myra Cheng
 
Mcx daily report 19 feb 2018
Mcx daily report   19 feb 2018Mcx daily report   19 feb 2018
Mcx daily report 19 feb 2018Myra Cheng
 
Mcx daily report 14 feb 2018
Mcx daily report   14 feb 2018Mcx daily report   14 feb 2018
Mcx daily report 14 feb 2018Myra Cheng
 
Mcx daily report 9 feb 2018
Mcx daily report   9 feb 2018Mcx daily report   9 feb 2018
Mcx daily report 9 feb 2018Myra Cheng
 

Similar to Mcx weekly report 20 25 aug 2018 (20)

Mcx daily report 24 sept
Mcx daily report 24 septMcx daily report 24 sept
Mcx daily report 24 sept
 
Mcx daily report 16 feb 2018
Mcx daily report   16 feb 2018Mcx daily report   16 feb 2018
Mcx daily report 16 feb 2018
 
Daily Mcx Reports 16 April 2019
Daily Mcx Reports 16 April 2019Daily Mcx Reports 16 April 2019
Daily Mcx Reports 16 April 2019
 
CapitalStars MCX Daily Report 11 july 2019
CapitalStars MCX Daily Report 11 july 2019CapitalStars MCX Daily Report 11 july 2019
CapitalStars MCX Daily Report 11 july 2019
 
30 july 2019 mcx daily report
30 july 2019 mcx daily report30 july 2019 mcx daily report
30 july 2019 mcx daily report
 
Mcx daily report 17 oct
Mcx daily report 17 octMcx daily report 17 oct
Mcx daily report 17 oct
 
Mcx daily report 6 sept
Mcx daily report 6 septMcx daily report 6 sept
Mcx daily report 6 sept
 
Mcx daily report 01 august 2019
Mcx daily report 01 august 2019Mcx daily report 01 august 2019
Mcx daily report 01 august 2019
 
Mcx daily report 27 sept
Mcx daily report 27 septMcx daily report 27 sept
Mcx daily report 27 sept
 
Mcx daily report 7 sept(1)
Mcx daily report 7 sept(1)Mcx daily report 7 sept(1)
Mcx daily report 7 sept(1)
 
Mcx daily report 19 oct
Mcx daily report 19 octMcx daily report 19 oct
Mcx daily report 19 oct
 
Mcx daily report 22 nov
Mcx daily report 22 novMcx daily report 22 nov
Mcx daily report 22 nov
 
Mcx daily report 24 nov
Mcx daily report 24 novMcx daily report 24 nov
Mcx daily report 24 nov
 
Mcx daily report 26 nov
Mcx daily report 26 novMcx daily report 26 nov
Mcx daily report 26 nov
 
Mcx daily report 20 feb 2019
Mcx daily report 20 feb 2019Mcx daily report 20 feb 2019
Mcx daily report 20 feb 2019
 
Mcx daily report 12 nov
Mcx daily report 12 novMcx daily report 12 nov
Mcx daily report 12 nov
 
Mcx Daily Report 11 Feb 2019
Mcx Daily Report 11 Feb 2019Mcx Daily Report 11 Feb 2019
Mcx Daily Report 11 Feb 2019
 
Mcx daily report 19 feb 2018
Mcx daily report   19 feb 2018Mcx daily report   19 feb 2018
Mcx daily report 19 feb 2018
 
Mcx daily report 14 feb 2018
Mcx daily report   14 feb 2018Mcx daily report   14 feb 2018
Mcx daily report 14 feb 2018
 
Mcx daily report 9 feb 2018
Mcx daily report   9 feb 2018Mcx daily report   9 feb 2018
Mcx daily report 9 feb 2018
 

More from ShayamSingh

CapitalStars MCX Report 05 august 2019
CapitalStars MCX Report 05 august 2019CapitalStars MCX Report 05 august 2019
CapitalStars MCX Report 05 august 2019ShayamSingh
 
Capitalstars MCX Daily Report 29 may 2019
Capitalstars MCX Daily Report 29 may 2019Capitalstars MCX Daily Report 29 may 2019
Capitalstars MCX Daily Report 29 may 2019ShayamSingh
 
MCX Daily Report 6 may 2019
MCX Daily Report 6 may 2019MCX Daily Report 6 may 2019
MCX Daily Report 6 may 2019ShayamSingh
 
Forex daily report 21 aug 2018
Forex daily report 21 aug 2018Forex daily report 21 aug 2018
Forex daily report 21 aug 2018ShayamSingh
 
Mcx daily report 14 aug 2018
Mcx daily report 14 aug 2018Mcx daily report 14 aug 2018
Mcx daily report 14 aug 2018ShayamSingh
 
Mcx daily report 10 aug 2018
Mcx daily report 10 aug 2018Mcx daily report 10 aug 2018
Mcx daily report 10 aug 2018ShayamSingh
 

More from ShayamSingh (6)

CapitalStars MCX Report 05 august 2019
CapitalStars MCX Report 05 august 2019CapitalStars MCX Report 05 august 2019
CapitalStars MCX Report 05 august 2019
 
Capitalstars MCX Daily Report 29 may 2019
Capitalstars MCX Daily Report 29 may 2019Capitalstars MCX Daily Report 29 may 2019
Capitalstars MCX Daily Report 29 may 2019
 
MCX Daily Report 6 may 2019
MCX Daily Report 6 may 2019MCX Daily Report 6 may 2019
MCX Daily Report 6 may 2019
 
Forex daily report 21 aug 2018
Forex daily report 21 aug 2018Forex daily report 21 aug 2018
Forex daily report 21 aug 2018
 
Mcx daily report 14 aug 2018
Mcx daily report 14 aug 2018Mcx daily report 14 aug 2018
Mcx daily report 14 aug 2018
 
Mcx daily report 10 aug 2018
Mcx daily report 10 aug 2018Mcx daily report 10 aug 2018
Mcx daily report 10 aug 2018
 

Recently uploaded

如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书Fis s
 
如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书
如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书
如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书Fir La
 
VIP Kolkata Call Girls Bidhannagar 8250192130 Available With Room
VIP Kolkata Call Girls Bidhannagar 8250192130 Available With RoomVIP Kolkata Call Girls Bidhannagar 8250192130 Available With Room
VIP Kolkata Call Girls Bidhannagar 8250192130 Available With Roomrran7532
 
No 1 AMil Baba In Islamabad No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...
No 1 AMil Baba In Islamabad  No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...No 1 AMil Baba In Islamabad  No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...
No 1 AMil Baba In Islamabad No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...First NO1 World Amil baba in Faisalabad
 
Short-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptxShort-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptxHenryBriggs2
 
OKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T ShirtsOKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T Shirtsrahman018755
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024CollectiveMining1
 
如何办理东俄勒冈大学毕业证(文凭)EOU学位证书
如何办理东俄勒冈大学毕业证(文凭)EOU学位证书如何办理东俄勒冈大学毕业证(文凭)EOU学位证书
如何办理东俄勒冈大学毕业证(文凭)EOU学位证书Fir La
 
如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书
如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书
如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书Fir La
 
Basic Accountants in|TaxlinkConcept.pdf
Basic  Accountants in|TaxlinkConcept.pdfBasic  Accountants in|TaxlinkConcept.pdf
Basic Accountants in|TaxlinkConcept.pdftaxlinkcpa
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCRSapana Sha
 
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130  Available With RoomVIP Kolkata Call Girl Rishra 👉 8250192130  Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Roomdivyansh0kumar0
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000Sapana Sha
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024Hector Del Castillo, CPM, CPMM
 
The Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityThe Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityJohanAspro
 
定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一
定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一
定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一Fir La
 

Recently uploaded (20)

如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
如何办理(UTS毕业证书)悉尼科技大学毕业证学位证书
 
如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书
如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书
如何办理密苏里大学堪萨斯分校毕业证(文凭)UMKC学位证书
 
VIP Kolkata Call Girls Bidhannagar 8250192130 Available With Room
VIP Kolkata Call Girls Bidhannagar 8250192130 Available With RoomVIP Kolkata Call Girls Bidhannagar 8250192130 Available With Room
VIP Kolkata Call Girls Bidhannagar 8250192130 Available With Room
 
No 1 AMil Baba In Islamabad No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...
No 1 AMil Baba In Islamabad  No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...No 1 AMil Baba In Islamabad  No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...
No 1 AMil Baba In Islamabad No 1 Amil Baba In Lahore No 1 Amil Baba In Faisl...
 
Short-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptxShort-, Mid-, and Long-term gxxoals.pptx
Short-, Mid-, and Long-term gxxoals.pptx
 
OKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T ShirtsOKC Thunder Reveal Game 2 Playoff T Shirts
OKC Thunder Reveal Game 2 Playoff T Shirts
 
Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Udyog Vihar Delhi reach out to us at 🔝9953056974🔝
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024
 
如何办理东俄勒冈大学毕业证(文凭)EOU学位证书
如何办理东俄勒冈大学毕业证(文凭)EOU学位证书如何办理东俄勒冈大学毕业证(文凭)EOU学位证书
如何办理东俄勒冈大学毕业证(文凭)EOU学位证书
 
如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书
如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书
如何办理北卡罗来纳大学教堂山分校毕业证(文凭)UNC学位证书
 
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Serviceyoung Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
 
Basic Accountants in|TaxlinkConcept.pdf
Basic  Accountants in|TaxlinkConcept.pdfBasic  Accountants in|TaxlinkConcept.pdf
Basic Accountants in|TaxlinkConcept.pdf
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
 
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130  Available With RoomVIP Kolkata Call Girl Rishra 👉 8250192130  Available With Room
VIP Kolkata Call Girl Rishra 👉 8250192130 Available With Room
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
 
Falcon Invoice Discounting - Best Platform
Falcon Invoice Discounting - Best PlatformFalcon Invoice Discounting - Best Platform
Falcon Invoice Discounting - Best Platform
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024
 
Escort Service Call Girls In Shalimar Bagh, 99530°56974 Delhi NCR
Escort Service Call Girls In Shalimar Bagh, 99530°56974 Delhi NCREscort Service Call Girls In Shalimar Bagh, 99530°56974 Delhi NCR
Escort Service Call Girls In Shalimar Bagh, 99530°56974 Delhi NCR
 
The Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanityThe Concept of Humanity in Islam and its effects at future of humanity
The Concept of Humanity in Islam and its effects at future of humanity
 
定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一
定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一
定制(UWIC毕业证书)英国卡迪夫城市大学毕业证成绩单原版一比一
 

Mcx weekly report 20 25 aug 2018

  • 1. CapitalStars Financial Research Pvt.Ltd., BULLIONS WEEKLY REPORT 20 – 25 AUG 2018 PRECIOUS METAL BASE METALS ENERGY
  • 2. CapitalStars Financial Research Pvt.Ltd., BULLIONS WEEKLY REPORT 20 – 25 AUG 2018 Gold News & Analysis: Spot gold XAU= added 0.31 percent to $1,177.21 ounce by 1:35 p.m. EDT (1735 GMT), but was down 2.7 percent this week in its sixth consecutive weekly loss. On Thursday, it touched $1,159.96, the lowest since January 2017Most of the consumer demand is for light-weight variety, and investment demand for gold is sluggish due to rising interest rates, tighter credit norms, among other factors. Fall in rupee exchange rate has helped arrest impact of a sharp correction in the international prices of gold, which are down nine per cent in the current calendar year, even as the price of domestic standard gold has remained more or less stagnant. Investment demand is shrinking with rising interest rates in India and money moving to official channels. Gold recovered some ground on Friday as a weakening U.S. dollar relieved pressure on prices, but the precious metal remained near 19-month lows and looked poised for its biggest weekly drop since May 2017. Gold MCX Technical View: Gold COMEX Technical View: SCRIPT TREND STRATEGY R2 R1 PP S1 S2 GOLD AUG BEARISH SELL ON RISE 30128 29739 29503 29114 28878 SCRIPT TREND STRATEGY R2 R1 PP S1 S2 GOLD BEARISH SELL ON RISE 1233 1209 1184 1159 1135
  • 3. CapitalStars Financial Research Pvt.Ltd., BULLIONS WEEKLY REPORT 20 – 25 AUG 2018 Silver News & Analysis: Despite the slowdown in jobs growth the employment report supported expectations for two more rate hikes from the Federal Reserve this year. The Fed kept interest rates on hold on Wednesday but said the U.S. economy was strong, indicating that it is on track to deliver expected rate hikes in September and December. Expectations for higher rates tend to be bearish for bullion, which struggles to compete with yield-bearing assets when rates rise, while a stronger U.S. currency makes silver and other dollar- denominated commodities more expensive for foreign investors. Elsewhere in precious metals trading, silver settled up 0.26% at $15.425 a troy ounce, for a weekly loss of 0.19%. Silver MCX Technical View: Silver COMEX Technical View: Crude Oil News & Analysis: Crude oil markets very shaky for the week. Crude oil markets were very shaky during the week, going back and forth, but recovering quite nicely on Thursday and Friday. Because of this, they may have saved themselves as the volatility seems to be picking up. The WTI Crude Oil market broke down rather significantly during the week but bounced enough from just below the $65 level to save itself from completely slicing through the uptrend line on the close. Brent markets were very noisy during the week as well, breaking down towards the $71 level before finding buyers. By doing so, they formed a somewhat supportive SCRIPT TREND STRATEGY R2 R1 PP S1 S2 SILVER SEP BEARISH SELL ON RISE 38856 37817 37120 36081 35384 SCRIPT TREND STRATEGY R2 R1 PP S1 S2 SILVER BERAISH SELL ON RISE 15.78 15.29 14.79 14.30 13.80
  • 4. CapitalStars Financial Research Pvt.Ltd., BULLIONS WEEKLY REPORT 20 – 25 AUG 2018 candle, as we are starting to test significant support. I think that the market could rally from here but we need a reprieve with US dollar strength. Crude Oil Technical View: Natural Gas News & Analysis: Natural gas markets initially sold off during the week but turned around of form a bit of a hammer. The hammer is pressing up against the $3.00 level, an area that has been important more than once. It is because of this that I think we may have a little bit further to go to the upside. However, there are a couple of potential signals here. NG initially fell during the week but found enough resiliencies, especially on Friday to turn around of form a bit of a hammer. We said just below the $3.00 level, an area that is not only psychologically important but structurally important as well. If we can clear that level, we could go as high as $3.10 before finding the next major resistance barrier. Natural Gas Technical View: SCRIPT TREND STRATEGY R2 R1 PP S1 S2 CRUDE AUG SIDEWAYS SELL ON RISE 4893.3 4745.7 4635.3 4487.7 4377.3 SCRIPT TREND STRATEGY R2 R1 PP S1 S2 N.GAS AUG BULLISH BUY ON DIPS 211.6 209.1 205.9 203.4 200.2
  • 5. CapitalStars Financial Research Pvt.Ltd., BULLIONS WEEKLY REPORT 20 – 25 AUG 2018 Copper News & Analysis: Large precious metals speculators lowered their bullish net positions in the Copper futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The copper speculative position declined for a second straight week and for the seventh time out of the past eight weeks. The overall net position is at the lowest standing since October 25th of 2016 when positions were at -13,754 contracts. Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $275.2 which was a drop of $-7.95 from the previous close of $283.15, according to unofficial market data. Among base metals, copper ended at $2.745, down 0.74% for the day, extending its weekly loss to 0.76%. Copper Technical View: SCRIPT TREND STRATEGY R2 R1 PP S1 S2 COPPER AUG BEARISH SELL ON RISE 435.7 421.95 412.25 398.5 388.8 Week Ahead: SELL GOLD AUG AROUND 29620 TG 29350/291500 SL 29980 Direction Hinges Upon Escalation of Trade Dispute, Fed Chair Powell’s Testimony. This week, investors will continue to focus on demand for the U.S. Dollar and risky assets. Additionally, the U.S. economic data’s influence on Treasury yields and the chances of additional rate hikes from the Fed will be another catalyst driving the price action in gold. At this week’s Congressional testimony on Tuesday and Wednesday, there is no doubt that Powell will be discussing the direction of interest rates, strengthening inflation and the potential impact of a trade war on U.S. economic growth. Gold futures tumbled last week after early strength failed to draw in enough buyers to continue the technical retracement that began the week-ending July 6. By the end of the week, sellers had driven prices through the bottom at $1238.80 that started the short-covering rally.
  • 6. CapitalStars Financial Research Pvt.Ltd., BULLIONS WEEKLY REPORT 20 – 25 AUG 2018 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 financial adviser. Capitalstars 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 all Rights. Contact Us BRANCH OFFICE Capitalstars Financial Research Private Limited PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in Report Is Checked By Investment Advisor :