This Document is all about to provide daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 17 OCT 2018
Gold prices hold steady as investors wait for Fed minutes.
There Gold prices held steady on Wednesday despite a rise in equities, with investors waiting for minutes
from the US Federal Reserve's latest policy meeting for any fresh clues on the pace of interest rate hikes.
Spot gold was up 0.1 per cent at $1,224.70 an ounce at 0100 GMT. On Monday, it touched its highest
since July 26 at $1,233.26 an ounce. US President Donald Trump heaped more criticism on the Fed in an
interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome
Powell, whom he has frequently critiqued in public. Past US presidents have been reticent to criticize the
central bank because its independence is seen as important for economic stability. But Trump in the past
week has called the Fed "crazy," "loco," "ridiculous," and "too cute". Asian equities got some much
needed relief on Wednesday after upbeat US earnings reports drove a rebound on Wall Street and helped
restore a little confidence in emerging market stocks and currencies.
China factory prices slowed in September, indicating a potential slowdown in profit growth
across Chinese manufacturers.
On Tuesday, bargain-seekers pushed up LME copper to the daily moving average from early lows before a
rally in US stocks rally that was fuelled by earnings and weighed on the dollar further bolstered LME
copper to a high of $6,252.5/mt. The contract fell back to the daily moving average by close. The SHFE
1811 contract traded range bound in negative territory overnight. China factory prices slowed in
September, indicating a potential slowdown in profit growth across Chinese manufacturers in the fourth
quarter amid the ongoing trade war with the US. This is set to weigh on copper prices. LME copper is
likely to trade at $6,200- 6,250/mt today with SHFE copper at 50,000-50,500 yuan/mt. In the physical
market, sellers are keen to cash in under the pressure from cash flows and existing stocks while
downstream consumers hold back from purchases. While sellers lowered offers, trades remain sluggish.
Spot discounts are seen at 60-20 yuan/mt today.
US dollar weakened and the growth in US consumer price index for September missed expectations.
London nickel fluctuated to close at $12,535/mt on Tuesday. It fell to a low of $12,400/mt and met pressure
at the five-day moving average. While its trading level inched up, the SHFE 1901 contract traded in
negative territory and ended at 102,790 yuan/mt overnight. LME nickel is expected to hover around
$12,600/mt today and the SHFE 1901 contract is expected to trade at 102,500-104,000 yuan/mt with spot
prices at 103,500-110,000 yuan/mt..
Oil prices edge up on surprise drawdown in U.S. crude stockpiles.
Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise
decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent
Saudi journalist stoked supply worries. U.S. West Texas Intermediate crude CLc1 was up 15 cents, or
0.2 percent, at $72.07 a barrel by 0255 GMT

2. on Wednesday, having settled up 14 cents. U.S. crude inventories fell by 2.1 million barrels last week,
compared with analyst expectations for a build of 2.2 million barrels, American Petroleum Institute data
showed after Tuesday's settlement. U.S. gasoline stocks dropped by a larger-than-expected 3.4 million
barrels, while distillate fuel stockpiles declined by a smaller-than-expected 246,000 barrels, the API data
showed.

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SEBI Registration Number: INA000001647
MCX Daily Report 17 OCT 2018
Precious Metals
CS GOLD (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 32200
RESIST 1: 32100
SUP 1:31800
SUP 2: 31700
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CS SILVER (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 39200
RESIST 1: 39000
SUP 1: 38700
SUP 2: 38500
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Base Metals
CS COPPER (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2:460.00
RESIST 1:455.00
SUP 1: 450.00
SUP 2: 445.00
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CS NICKEL (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 932.00
RESIST 1: 925.00
SUP 1: 915.00
SUP 2: 908.00
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CS LEAD (OCT) OVERVIEW:
TREND : BULLISH
RESIST 2: 155.50
RESIST 1: 153.50
SUP 1: 150.00
SUP 2: 148.00
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CS ZINC (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2:198.00
RESIST 1: 196.50
SUP 1: 193.00
SUP 2: 191.00
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CS ALUMINIUM (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 153.00
RESIST 1: 151.00
SUP 1: 149.00
SUP 2: 148.00
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Energies
CS CRUDE OIL (OCT) OVERVIEW: CS NATURAL GAS (OCT) OVERVIEW:
TREND : SIDEWAYS TREND : BULLISH
RESIST 2: 5390 RESIST 2: 245.00
RESIST 1: 5320 RESIST 1: 242.00
SUP 1: 5270 SUP 1: 239.00
SUP 2: 5230 SUP 2: 236.00
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4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 17 OCT 2018
Pick for the DAY
MCX CRUDE Oct on Tuesday as seen in the Daily chart opened at 5310 levels
and Made day Low of 5214 levels. During this period Crude High is 5318 levels
and finally closed at 5282 levels. Now, there are chances of down movement
technically & fundamentally.
 Oil prices extended gains into a fourth session on Wednesday, buoyed as
industry data showed a surprise decline in U.S. crude inventories and as
geopolitical tensions.
 U.S. gasoline stocks dropped by a larger-than-expected 3.4 million barrels,
while distillate fuel stockpiles declined by a smaller-than- expected 246,000
barrels, the API data showed.
DAILY RECOMMENDATION: SELL MCX CRUDE OCT BELOW 5268
LEVELS FOR TARGET OF 5245/5230 WITH SL 5315 OF LEVELS.

5. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 17 OCT 2018
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