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Mcx daily report 5 feb 2018
- 1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 05 FEB 2018 News High lights Gold Dips In Asia As Dollar Direction Eyed With Steeper Yield Curve. Gold prices eased in Asia on Monday despite a stronger reading on the consumer- demand side in China as sentiment on the dollar is weighed with a steeper yield curve. The UK is to release data on service sector activity. Later Monday, ECB head Mario Draghi is to testify on the central bank’s Annual Report for 2016 before the European Parliament. Investors will also be looking to political wrangling in Washington over the country’s finances ahead of the Feb. 8 spending deadline and the debt ceiling issue. In what is set to be a relatively light week on the economic calendar, central bank meetings in the UK, Australia and New Zealand will also be in focus. Last week, gold prices fell on Friday as the dollar strengthened after the latest U.S. jobs report showed that the economy added more jobs than forecast in January and wage growth accelerated. Copper dropped as the dollar rose after U.S. jobs growth surged in January and wages rose, recording their largest annual gain in more than 8-1/2 years. Copper on MCX settled down -0.43% at 452.75 as the dollar rose after U.S. jobs growth surged in January and wages rose, recording their largest annual gain in more than 8-1/2 years. Three-month LME copper shed 1 percent to finish at $7,045 a tonne, retreating from the highest in a week at $7,188.50. Growth in China’s manufacturing sector remained elevated in January, a private survey showed, though it contrasted with an official survey pointing to a slight loss of momentum. Asia’s factories got off to a strong start in 2018, with manufacturing activity in many countries hitting multi-year highs as global demand for hi-tech products remained strong. Glencore said copper output in 2018 should rise to nearly 1.5 million tonnes as its Katanga mine in Democratic Republic of Congo ramps up to add roughly 150,000 tonnes. Copper has the smallest speculative long position of the LME complex at 4.3 percent of open interest. Oil prices fall on strong dollar, Brent near one-month low. Oil prices on Monday extended declines from the end of last week amid a wider market sell off and a stronger dollar, with Brent crude falling to its lowest in nearly a month. Other markets dropped as investors were spooked by Friday's payrolls report from the United States, which showed wages growing at their fastest pace in more than 8-1/2 years, fuelling inflation expectations."Oil is caught up in this general risk-off move, not helped at the margins by a little bit of strength in the U.S. dollar," said Ric Spooner, chief market analyst at CMC Markets in Sydney. Asian shares were down the most in more than a year on Monday as fears of resurgent inflation battered bonds. Wall Street dropped last week from record highs as inflation concerns sparked speculation that central banks globally might be forced to tighten policy more aggressively. The three major U.S. indexes capped their worst weekly losses in two years, after closing at record highs the previous week.
- 2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report -05 FEB 2018 Precious Metals CS GOLD (APR) OVERVIEW: CS SILVER (MAR) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 30550 RESIST 2: 39000 RESIST 1: 30450 RESIST 1: 38800 SUP 1: 29950 SUP 1: 37900 SUP 2: 29850 SUP 2: 37700 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (FEB) OVERVIEW: CS NICKEL (FEB) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 461.00 RESIST 2: 885.00 RESIST 1: 458.00 RESIST 1: 880.00 SUP 1: 446.00 SUP 1: 840.00 SUP 2: 443.00 SUP 2: 835.00 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (FEB) OVERVIEW: CS LEAD (FEB) OVERVIEW: TREND : BEARISH TREND : BULLISH RESIST 2: 230.00 RESIST 2: 175.00 RESIST 1: 228.00 RESIST 1: 173.00 SUP 1: 223.00 SUP 1: 169.00 SUP 2: 221.00 SUP 2: 167.00 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 144.00 RESIST 1: 142.50 SUP 1: 139.50 SUP 2: 138.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (FEB) OVERVIEW: CS NATURAL GAS (FEB) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 4260 RESIST 2: 191.00 RESIST 1: 4220 RESIST 1: 188.00 SUP 1: 4100 SUP 1: 180.00 SUP 2: 4060 SUP 2: 177.00 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000
- 3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report -05 FEB 2018 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
- 4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 05 FEB 2018 Pick for the Day MCX Crude Oil Feb on Friday as seen in the daily chart opened at 4200 levels and day high of 4248 levels. During this period price corrected & made day low of 4141 levels finally closed at 4186 levels. Now, there are chances of further downside movement technically & fundamentally. Rising U.S. oil production has also helped push down oil prices, undermining attempts by the Organization of the Petroleum Exporting Countries to support prices. Data from the U.S. government last week showed that output climbed above 10 million barrels per day in November for the first time since 1970, as shale drillers expanded operations after gains in oil prices last year. DAILY RECOMMENDATION: SELL MCX CRUDE OIL FEB AROUND 4190 LEVELS FOR TARGET OF T1 4140/ T2 4120 WITH SL 4270 OF LEVELS.
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