Mcx daily report 14 feb 2018

CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report -14 FEB 2018
News High lights
Gold Prices Rise To Hit One-Week High; All Eyes on U.S. Inflation.
Gold prices rose on Wednesday, but investors remain cautious ahead of today’s U.S.
inflation data and clues on the pace of future interest rate hikes. The U.S. Dollar Index
that tracks the dollar against a basket of currencies was down 0.11% to 89.60, but
gold prices are likely to be range bound before the release of U.S. inflation data. Gold
is sensitive to moves in both U.S. rates and the dollar. A weaker dollar makes gold less
expensive for holders of foreign currency, while a rise in U.S. rates lifts the
opportunity cost of holding non-yielding assets such as bullion. Asian equities were mixed in Wednesday, with
Hang Seng and KOSPI gaining in the morning trading session but Nikkei, ASX, Shanghai Composite and Shenzhen
Component traded in the red. Japan took centre stage in the region as the country’s 4Q GDP missed estimate and
grew 0.5% vs the expected 1%.
Aluminium inventory to climb further post-CNY.
China’s aluminium inventory after Chinese New Year may continue to go up to 2.1
million mt and the price of the lightweight metal is set to trade in a wider range, SMM
believes. Earlier this week, SMM data showed that the country’s aluminium inventory
hit a record high at 1.81 million mt due to weak consumption ahead of the week-long
holiday. We believe the increase has been seasonal, and this has contributed to the
decline in SHFE aluminium prices since the start of the year.
Flash : Zinc inventory to rise amid CNY.
SMM expects zinc social inventory in Shanghai, Guangdong and Tianjin to hit 200,000 mt after Chinese New Year,
up by at least 20,000-30,000 mt during the week-long holiday. Production at smelters and deliveries remain
normal but trading was muted, SMM learned.
Oil Prices Flat In Asia Morning As Traders Eye Mixed Cues.
Oil prices were mostly flat Wednesday morning in Asia, with traders in the region
reacting to mixed cues from data that suggests demand will increase this year but so
will supply.A stronger U.S. dollar, faster-than-anticipated U.S. production and a surge
in demand from China have supported oil prices over the last week but oil remains
well off recent highs, likely due to lingering concerns of oversupply. Brent started
February at $69.65 and WTI started at $65.80. On Tuesday, International Energy
Agency (IEA) raised both its forecast for oil demand this year by 7.7% but also warned
that production is rising, particularly in the U.S. and that could put downward pressure on oil. The IEA expects
global demand to increase by 1.4 million barrels per day (bpd) through 2018.

Precious Metals
CS GOLD (APR) OVERVIEW: CS SILVER (MAR) OVERVIEW:
TREND : BULLISH TREND : SIDEWAYS
RESIST 2: 30600 RESIST 2: 38900
RESIST 1: 30500 RESIST 1: 38700
SUP 1: 30100 SUP 1: 38000
SUP 2: 30000 SUP 2: 37800
WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000
Base Metals
CS COPPER (FEB) OVERVIEW: CS NICKEL (FEB) OVERVIEW:
TREND : SIDEWAYS TREND : SIDEWAYS
RESIST 2: 454.00 RESIST 2: 880.00
RESIST 1: 452.00 RESIST 1: 875.00
SUP 1: 443.00 SUP 1: 850.00
SUP 2: 441.00 SUP 2: 845.00
CS ZINC (FEB) OVERVIEW: CS LEAD (FEB) OVERVIEW:
TREND : SIDEWAYS TREND : SIDEWAYS
RESIST 2: 228.00 RESIST 2: 167.00
RESIST 1: 226.00 RESIST 1: 166.00
SUP 1: 221.00 SUP 1: 162.00
SUP 2: 219.00 SUP 2: 161.00
CS ALUMINIUM (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 140.00
RESIST 1: 138.50
SUP 1: 135.50
SUP 2: 134.00
WWW.CAPITALSTARS.COM +917316690000
Energies
CS CRUDE OIL (FEB) OVERVIEW: CS NATURAL GAS (FEB) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2:3880 RESIST 2: 176.00
RESIST 1: 3840 RESIST 1: 173.00
SUP 1: 3750 SUP 1: 164.00
SUP 2: 3710 SUP 2: 161.00

Capitalstars is a Sebi Registered &ISO Certified Company in Indore,
they provide Equity, Commodity, Nifty & Forex trading calls with profit in your
trading.
GET MORE DETAILS HERE:-
 Stock Advisory Company
 Trading Tips
 Financial Advisory company
 Stock Tips
 Share Market Company
 Forex trading tips
 Currency Tips
Also, you can visit:-
capitalstars quick payment
capitalstars career

Pick for the Day
MCX Crude Oil Feb on Tuesday as seen in the daily chart opened at 3833 levels and
day high of 3833 levels. During this period price corrected & made day low of 3753
levels finally closed at 3813 levels. Now, there are chances of further downside
movement technically & fundamentally.
 Strong global economic fundamentals may also be supporting oil prices, or at least
preventing further drops. Japan reported Wednesday an eighth consecutive
quarter of growth, even though the expansion there slowed in the quarter to
December.


 Demand from China is also increasing with oil exports from the second largest
economy topping imports from the US. Next month, China has plans to launch
yuan-denominated oil futures on the Shanghai International Energy Exchange. The
oil futures would be launched March 26.


DAILY RECOMMENDATION: SELL MCX CRUDE OIL FEB AROUND 3820 LEVELS
FOR TARGET OF T1 3770/ T2 3750 WITH SL 3940 OF LEVELS.

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.
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 all Rights.
CONTACT US
REGISTERED OFFICE
Capitalstars Financial Research Private Limited
PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE
Email :- backoffice@capiltalstars.in
Report Is Checked By Investment Advisor :

Mcx daily report 14 feb 2018

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Mcx daily report 14 feb 2018

Similar to Mcx daily report 14 feb 2018 (19)

More from Myra Cheng

More from Myra Cheng (20)

Recently uploaded

Recently uploaded (20)

Mcx daily report 14 feb 2018