this Document is to provide Daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 19 OCT 2018
News Highlights
Gold edges higher as Asian shares slip.
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.
As the dollar strengthened, LME copper tumbled in late trading on Thursday.
As the dollar strengthened, LME copper tumbled in late trading on Thursday and ended at
$6,132/mt. It has closed lower for four consecutive days. The SHFE 1812 contract became the most
traded SHFE copper contract overnight. As longs added and shorts cut their positions, the contract crept
past the 50,000 yuan/mt level after it dropped to a low of 49,720 yuan/mt. On the technical front, LME
copper fell past the 10-day moving average and the middle Bollinger band. While the SHFE 1812 contract
closed above its opening price overnight, open interest for the SHFE copper complex stood below
600,000 lots, suggesting a bearish outlook on demand. Purchases across the physical markets remained
sluggish in the previous day with spot discounts offered at 70-40 yuan/mt. Declines in copper prices might
trigger some downstream purchases.
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 nudged higher on Friday but were set for a second weekly drop amid higher
U.S. crude inventories.
Oil prices nudged higher on Friday but were set for a second weekly drop amid higher U.S. crude
inventories, an ongoing Sino-U.S. trade war and concerns over the death of a prominent Saudi journalist.
For the week, U.S. crude was down 3.5 percent, while Brent was
1.1 percent lower, putting both on track for a second consecutive weekly decline. U.S. crude stocks last
week climbed 6.5 million barrels, the fourth straight weekly build, almost triple

2. the amount analysts had forecast, the U.S. Energy Information Administration said on Wednesday.
Inventories rose sharply even as U.S. crude production slipped 300,000 barrels per day to 10.9 million bpd
last week due to the effects of offshore facilities closing temporarily for Hurricane Michael.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 19 OCT 2018
Precious Metals
CS GOLD (DEC) OVERVIEW:
TREND : BULLISH
RESIST 2: 32200
RESIST 1: 32100
SUP 1:31800
SUP 2:31700
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CS SILVER (DEC) OVERVIEW:
TREND : SIDEWAYS
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
2:458.00
RESIST 1:452.00
SUP 1: 445.00
SUP 2: 440.00
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CS NICKEL (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 928.00
RESIST 1: 918.00
SUP 1: 914.00
SUP 2: 907.00
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CS ZINC (OCT) OVERVIEW:
TREND : BULLISH
RESIST 2:202.00
RESIST 1:200.00
SUP 1: 198.00
SUP 2: 196.00
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CS LEAD (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 150.00
RESIST 1: 148.00
SUP 1: 145.00
SUP 2: 143.00
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CS ALUMINIUM (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 152.00
RESIST 1: 150.00
SUP 1: 148.00
SUP 2: 146.00
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Energies
CS CRUDE OIL (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 5150
RESIST 1: 5100
SUP 1: 5040
SUP 2: 5000
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CS NATURAL GAS (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 242.00
RESIST 1: 240.00
SUP 1: 237.00
SUP 2: 235.00
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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 19 OCT 2018
Pick for the DAY
MCX CRUDE Oct on Tuesday as seen in the Daily chart opened at 5125 levels
and made day Low of 5044 levels. During this period Crude High is 5132 levels
and finally closed at 5073 levels. Now, there are chances of down movement
technically & fundamentally.
Oil prices nudged higher on Friday but were set for a second weekly drop amid
higher U.S. crude inventories, an ongoing Sino-U.S. trade war and concerns
over the death of a prominent Saudi journalist.
For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent
lower, putting both on track for a second consecutive weekly decline.
DAILY RECOMMENDATION: SELL MCX CRUDE OCT BELOW 5045
LEVELS FOR TARGET OF 5015/5002 WITH SL 5090 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 19 OCT 2018
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