This Document is regarding daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 24 Sep 2018
News Highlights
Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal.
Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal, but it was
still on track for its first weekly climb in four as investors reentered their attention on the Federal Reserve.
The fall in dollar this week came as safe-haven demand for the U.S. currency ebbed amid continued relief
that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originally feared. On
Monday, the U.S. slapped tariffs of 10% on
$200 billion in Chinese goods, before they rise to 25% by the end of 2018, rather than an outright 25%.The
precious metal has dropped more than 10% from a peak in April as escalating U.S.-China trade dispute
and rising U.S. interest rates were cited as catalysts for the selling in gold.
The US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods.
As longs aggressively added their positions, the SHFE 1811 contract jumped past 50,000 yuan/mt, a
psychologically-significant level, to an intraday high of 50,020 yuan/mt before it edged down to close at
49,740 yuan/mt. Open interest for the October contract shrank 8,024 lots while that for January-March
contracts grew 14,198 lots. The spread between October and November contract exceeded 300 yuan/mt.
On the technical front, MACD red line extended further, suggesting an open upward track for the contract.
LME counterpart with pressure from continued inflow of imports.
The SHFE 1811 contract climbed past the 20-day moving average to 105,220 yuan/mt on a substantial
buildup of long positions. The contract then reversed little gains and closed at 104,870 yuan/mt. On the
technical front, KDJ lines expanded upwards and MACD red line lengthened.
Crude oil markets all over the place on Friday.
Crude oil markets were all over the place on Friday, based upon a lot of different moving pieces. Not the
least of which would have been a searching US dollar. The market does want to go higher but the US
dollar strengthening based upon the noise and the United Kingdom has put more bearish pressure on this.
Overall, I think that the market will be paying attention to quadruple witching during the session as well, so
quite frankly I would pay more attention to the longer-term trend of going higher. The US dollar is the
counterbalance, so pay attention to that. The $77.50 level underneath will be supported as well, but at this
point I think that oil traders have decided that they want to go higher. If we break above the
$80 level, it’s likely that we will then go to the $82.50 level next. Expect volatility regardless

2. of what happens, so be very cautious about your position size going into this next couple of days.

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MCX Daily Report 24 Sep 2018
Precious Metals
CS GOLD (OCT) OVERVIEW: CS SILVER (DEC) OVERVIEW:
TREND : BEARISH TREND : BULLISH
RESIST 2: 30850 RESIST 2: 37900
RESIST 1: 30750 RESIST 1: 37700
SUP 1: 30550 SUP 1: 37400
SUP 2: 30450 SUP 2: 37200
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Base Metals
CS COPPER (NOV) OVERVIEW: CS NICKEL (SEP) OVERVIEW:
TREND : BULLISH TREND : SIDEWAYS
RESIST 2: 465.00 RESIST 2: 968.00
RESIST 1: 460.00 RESIST 1: 958.00
SUP 1: 454.00 SUP 1: 942.00
SUP 2: 442.00 SUP 2: 935.00
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CS ZINC (SEP) OVERVIEW: CS LEAD (SEP) OVERVIEW:
TREND : BULLISH TREND : BEARISH
RESIST 2: 184.50 RESIST 2: 149.50
RESIST 1: 182.50 RESIST 1: 147.50
SUP 1: 179.00 SUP 1: 144.00
SUP 2: 177.00 SUP 2: 142.00
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CS ALUMINIUM (SEP) OVERVIEW:
TREND : SIDEWAYS RESIST
2: 151.00
RESIST 1: 149.50
SUP 1: 148.00
SUP 2: 146.50
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Energies
CS CRUDE OIL (OCT) OVERVIEW:
TREND : BULLISH
RESIST 2: 5190
RESIST 1: 5140
SUP 1: 5100
SUP 2: 5060
CS NATURAL GAS (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 218.00
RESIST 1: 216.50
SUP 1: 213.00
SUP 2: 211.00

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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 24 Sep 2018
Pick for the DAY
MCX SILVER DEC on Friday as seen in the Daily chart opened at 37310 levels
and made day High of 37845 levels. During this period Silver came down to
37291 levels and finally closed at 37582 levels. Now, there are chances of up
movement technically & fundamentally.
The fall in dollar this week came as safe-haven demand for the U.S. currency
ebbed amid continued relief that fresh U.S. and Chinese tariffs on reciprocal
imports were less harsh than originally feared.
The precious metal has dropped more than 10% from a peak in April as
escalating U.S.-China trade dispute and rising U.S. interest rates were cited
as catalysts for the selling in gold.
DAILY RECOMMENDATION: BUY MCX SILVER DEC ABOVE 37530
LEVELS FOR TARGET OF 37630/37750 WITH SL 37300 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 24 Sep 2018
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