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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
10 JANUARY 2017
MCX DAILY NEWS LETTER
Capital Stars Financial Research Pvt. Ltd.
Oil recovers some previous losses, but doubts over supply cuts linger.
Highlights
Copper jumps in Asia after China prices, gold gains.
Gold settled down by 0.24% on Monday.
PRECIOUS METALS
Gold markets appear to be gearing up for the Trump administration, according to market analysts. The
futures market for gold was up today by 0.91% to $1184.10. Silver prices increased too, up 0.97% to
$16.68, during intraday trading. But gold settled at $1182.20, down 0.24%.
Markets are reassessing views of the incoming Trump White House, analysts said. The precious metal had
slid 12% in price since the election, and it has been anticipated that the president-elect's policies would be
inflationary. But there is some trimming of the early expectations, as investors now are adopting a wait and
see attitude to economic growth.
The President-elect is considering changes across a wide variety of government agencies and departments,
and policy areas, according to Sean Spicer, a spokesman for the Republican National Committee (RNC), and
the incoming White House press secretary.
Gold likely gained support at $1,337.50, the low from July 20 and was met with resistance at $ rate
BASE METALS
Gold prices gained in Asia on Tuesday as prices data out of China, which vies with India as the world's top
importer of the yellow metal, offered support and aided the bellwether industrial metal copper.
On the Comex division of the New York Mercantile Exchange gold for February delivery edged up 0.11% to
$1.186.25 a troy ounce, while copper futures jumped 0.87% to $2.554 a pound after data on prices and a
reading on economic growth buoyed sentiment.
In China, consumer prices for December rose 0.2% month-on-month, compared to a 0.3% gain seen and at
an annual pace of 2.1% compared to 2.3% expected. Producer prices jumped 5.5% in December year-on-
year at the fastest pace in five years, compared to a 4.5% gain seen. As well, China's planning commission
said economic growth in 2016 was expected to be around 6.7 percent, within a target of 6.5-7 percent.
ENERGIES
Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be
implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions
would rebalance an oversupplied market.
Both of the contracts on Monday lost nearly 4 percent. Analysts said the small gains on Tuesday came from
expectations that some of the cuts planned by the Organization of the Petroleum Exporting Countries
(OPEC) and producers such as Russia would materialize despite doubts over full implementation.
"Coordinated output cuts will support the market rebalancing that will draw down global stock levels,
leading us to revise up our Brent crude forecast for 2017 to $57 per barrel," BMI Research said.
SEBI Registration Number: INA000001647,,, MCX Daily News Letter
PRECIOUS LEVELS
CS GOLD (FEBRUARY) OVERVIEW: CS SILVER (MARCH) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2: 28300 RESIST 2: 41500
RESIST 1: 28200 RESIST 1: 41200
SUP 1: 27900 SUP1: 40200
SUP 2: 27700 SUP2: 39750
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
BASEMETAL LEVELS
CS COPPER (FEBRUARY) OVERVIEW: CS NICKEL (JANUARY) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2:390 RESIST 2: 722
RESIST 1:388 RESIST 1: 716
SUP1:380 SUP1: 692
SUP2:376 SUP2: 684
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
CS ZINC (JANUARY) OVERVIEW: CS LEAD (JANUARY) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2:188.00 RESIST 2: 148.00
RESIST 1:186.00 RESIST 1: 147.00
SUP1:180.00 SUP1: 142.00
SUP2:178.00 SUP2: 140.00
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
CS ALUMINIUM (JANUARY) OVERVIEW:
TREND : BULLISH
RESIST 2: 119.50
RESIST 1: 118.50
SUP1: 116.50
SUP2: 115.00
WWW.CAPITALSTARS.COM +917316790000
ENERGY LEVELS
CS CRUDE OIL (JANUARY) OVERVIEW: CS NATURAL GAS (JANUARY) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2:3700 RESIST 2:221.00
RESIST 1:3650 RESIST 1:219.00
SUP1:3500 SUP1:210.00
SUP2:3450 SUP2:207.00
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
SEBI Registration Number: INA000001647,,, MCX Daily News Letter
PICK FOR THE DAY
MCX CRUDE OIL January Monday as seen in the daily chart opened at 3665 levels and
day high of 3674 levels. During this period price corrected & made day low of 3564
levels finally closed at 3574 levels. Now, there are chances of further downward
movement technically & fundamentally.
Coordinated output cuts will support the market rebalancing that will draw down global stock levels,
leading us to revise up our Brent crude forecast for 2017 to $57 per barrel," BMI Research said.
DAILY RECOMMENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3600
LEVELS FOR TARGET OF T1 3500/T2 3450 WITH SL OF 3700 LEVELS.
SEBI Registration Number: INA000001647,,, MCX Daily News Letter
GET MORE DETAILS HERE:-
 Commodity trading tips
 Mcx live tips
 Precious Metal
 Base Metal
 Energy Pack
 Crude Intraday Tips
 Turmeric Tips
 Agri Commodity Prices
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.
Capital stars Financial Research Private Ltd., Reserves all Rights.
REGISTERED OFFICE
Capital Stars Financial Research Private Limited
Plot No.12, Scheme No. 78, Part-II,
Vijay Nagar, INDORE – 452010 M. P.
Branch - 1 +91 731 6790000
Branch - 2 +91 731 6669900
Email: - backoffice@capitalstars.in
SEBI Registration Number: INA000001647,,, MCX Daily News Letter

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Mcx daily report

  • 1. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 10 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.
  • 2. Oil recovers some previous losses, but doubts over supply cuts linger. Highlights Copper jumps in Asia after China prices, gold gains. Gold settled down by 0.24% on Monday. PRECIOUS METALS Gold markets appear to be gearing up for the Trump administration, according to market analysts. The futures market for gold was up today by 0.91% to $1184.10. Silver prices increased too, up 0.97% to $16.68, during intraday trading. But gold settled at $1182.20, down 0.24%. Markets are reassessing views of the incoming Trump White House, analysts said. The precious metal had slid 12% in price since the election, and it has been anticipated that the president-elect's policies would be inflationary. But there is some trimming of the early expectations, as investors now are adopting a wait and see attitude to economic growth. The President-elect is considering changes across a wide variety of government agencies and departments, and policy areas, according to Sean Spicer, a spokesman for the Republican National Committee (RNC), and the incoming White House press secretary. Gold likely gained support at $1,337.50, the low from July 20 and was met with resistance at $ rate BASE METALS Gold prices gained in Asia on Tuesday as prices data out of China, which vies with India as the world's top importer of the yellow metal, offered support and aided the bellwether industrial metal copper. On the Comex division of the New York Mercantile Exchange gold for February delivery edged up 0.11% to $1.186.25 a troy ounce, while copper futures jumped 0.87% to $2.554 a pound after data on prices and a reading on economic growth buoyed sentiment. In China, consumer prices for December rose 0.2% month-on-month, compared to a 0.3% gain seen and at an annual pace of 2.1% compared to 2.3% expected. Producer prices jumped 5.5% in December year-on- year at the fastest pace in five years, compared to a 4.5% gain seen. As well, China's planning commission said economic growth in 2016 was expected to be around 6.7 percent, within a target of 6.5-7 percent. ENERGIES Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. Both of the contracts on Monday lost nearly 4 percent. Analysts said the small gains on Tuesday came from expectations that some of the cuts planned by the Organization of the Petroleum Exporting Countries (OPEC) and producers such as Russia would materialize despite doubts over full implementation. "Coordinated output cuts will support the market rebalancing that will draw down global stock levels, leading us to revise up our Brent crude forecast for 2017 to $57 per barrel," BMI Research said. SEBI Registration Number: INA000001647,,, MCX Daily News Letter
  • 3. PRECIOUS LEVELS CS GOLD (FEBRUARY) OVERVIEW: CS SILVER (MARCH) OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2: 28300 RESIST 2: 41500 RESIST 1: 28200 RESIST 1: 41200 SUP 1: 27900 SUP1: 40200 SUP 2: 27700 SUP2: 39750 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER (FEBRUARY) OVERVIEW: CS NICKEL (JANUARY) OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:390 RESIST 2: 722 RESIST 1:388 RESIST 1: 716 SUP1:380 SUP1: 692 SUP2:376 SUP2: 684 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC (JANUARY) OVERVIEW: CS LEAD (JANUARY) OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:188.00 RESIST 2: 148.00 RESIST 1:186.00 RESIST 1: 147.00 SUP1:180.00 SUP1: 142.00 SUP2:178.00 SUP2: 140.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM (JANUARY) OVERVIEW: TREND : BULLISH RESIST 2: 119.50 RESIST 1: 118.50 SUP1: 116.50 SUP2: 115.00 WWW.CAPITALSTARS.COM +917316790000 ENERGY LEVELS CS CRUDE OIL (JANUARY) OVERVIEW: CS NATURAL GAS (JANUARY) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2:3700 RESIST 2:221.00 RESIST 1:3650 RESIST 1:219.00 SUP1:3500 SUP1:210.00 SUP2:3450 SUP2:207.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 SEBI Registration Number: INA000001647,,, MCX Daily News Letter
  • 4. PICK FOR THE DAY MCX CRUDE OIL January Monday as seen in the daily chart opened at 3665 levels and day high of 3674 levels. During this period price corrected & made day low of 3564 levels finally closed at 3574 levels. Now, there are chances of further downward movement technically & fundamentally. Coordinated output cuts will support the market rebalancing that will draw down global stock levels, leading us to revise up our Brent crude forecast for 2017 to $57 per barrel," BMI Research said. DAILY RECOMMENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3600 LEVELS FOR TARGET OF T1 3500/T2 3450 WITH SL OF 3700 LEVELS. SEBI Registration Number: INA000001647,,, MCX Daily News Letter
  • 5. GET MORE DETAILS HERE:-  Commodity trading tips  Mcx live tips  Precious Metal  Base Metal  Energy Pack  Crude Intraday Tips  Turmeric Tips  Agri Commodity Prices
  • 6. 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. Capital stars Financial Research Private Ltd., Reserves all Rights. REGISTERED OFFICE Capital Stars Financial Research Private Limited Plot No.12, Scheme No. 78, Part-II, Vijay Nagar, INDORE – 452010 M. P. Branch - 1 +91 731 6790000 Branch - 2 +91 731 6669900 Email: - backoffice@capitalstars.in SEBI Registration Number: INA000001647,,, MCX Daily News Letter