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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
11 JANUARY 2017
MCX DAILY NEWS LETTER
Capital Stars Financial Research Pvt. Ltd.
Oil prices edge up on reports of Saudi supply cuts, but details murky.
Highlights
Gold prices gain in Asia as policy views from Trump awaited.
Peru’s Copper Production to Grow 20% in 2017.
PRECIOUS METALS
Gold prices gained with the focus on policymaker remarks this week in the U.S. led by the next U.S.
president on Wednesday. Gold for February delivery on the Comex division of the New York Mercantile
Exchange edged up 0.11% to $1,186.75 a troy ounce.
Overnight, gold prices rallied to a six-week high on Tuesday, amid jitters ahead of President-elect Donald
Trump’s first news conference since his election victory on Wednesday. U.S. President-elect Donald Trump
is to hold a press conference at 11:00 AM on Wednesday, which investors will be watching for any hints
about the possible direction of economic policy.
Gold has been well-supported in recent sessions after minutes from the Federal Reserve’s December
meeting unsettled investors’ expectations about the pace of future interest rate hikes.
Gold likely gained support at $1,337.50, the low from July 20 and was met with resistance at $ rate
BASE METALS
Peru’s government said January 10 the country’s copper output is expected to increase 20% in 2017,
wenhua.com reported. Peru’s copper production is expected to be 2.60-2.70 million tonnes in 2017, higher
than the 2.20 million tonnes estimated in 2016. The country’s copper output hit an all-time high of 2.15
million tonnes in the first eleven months of 2016, surging 42% from the same period of 2015. This is due
mainly to surge in output at MMG’s Las Bambas copper mine and expansion by Freeport-McMoRan Inc at
its Cerro Verde mine.
LME copper is expected to move at USD 5,640-5,750/mt during Asian trading hours on Wednesday and
SHFE 1703 copper will move at RMB 46,000-47,000/mt. In China’s domestic market, spot copper should
trade at premiums of RMB 0-80/mt on Wednesday. The US dollar index rallied after hitting a two-day low
on Tuesday, and is expected to remain range-bound.
ENERGIES
Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but prices were prevented from
rising further over a lack of detail of these reductions and because of signs of rising supplies from other
producers. Traders said that the price rises were a result of reports that Saudi Arabia, the world's top oil
exporter, was telling some Asian customers that it will curb crude supplies slightly from contracted volumes
in February, although Reuters was not able to confirm any details of the reductions.
There were also doubts that the overall cuts would go deep enough to rebalance a market suffering from
oversupply for the past two years. Both Brent and WTI futures are down around 6 percent since the start of
the year. "Traders continued to fret about rising U.S. supply and compliance by OPEC to agreed-upon
production cuts," ANZ bank 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: 28500 RESIST 2: 42000
RESIST 1: 28400 RESIST 1: 41700
SUP 1: 28000 SUP1: 40750
SUP 2: 27900 SUP2: 40300
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
BASEMETAL LEVELS
CS COPPER (FEBRUARY) OVERVIEW: CS NICKEL (JANUARY) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2:405 RESIST 2: 740
RESIST 1:400 RESIST 1: 730
SUP1:390 SUP1: 708
SUP2:387 SUP2: 700
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
CS ZINC (JANUARY) OVERVIEW: CS LEAD (JANUARY) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2:190.00 RESIST 2: 153.00
RESIST 1:188.00 RESIST 1: 152.00
SUP1:182.00 SUP1: 146.00
SUP2:180.00 SUP2: 144.00
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
CS ALUMINIUM (JANUARY) OVERVIEW:
TREND : BULLISH
RESIST 2: 122.00
RESIST 1: 121.00
SUP1: 117.00
SUP2: 116.00
WWW.CAPITALSTARS.COM +917316790000
ENERGY LEVELS
CS CRUDE OIL (JANUARY) OVERVIEW: CS NATURAL GAS (JANUARY) OVERVIEW:
TREND : BEARISH TREND : BULLISH
RESIST 2:3550 RESIST 2:233.00
RESIST 1:3520 RESIST 1:230.00
SUP1:3420 SUP1:213.00
SUP2:3370 SUP2:210.00
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
SEBI Registration Number: INA000001647,,, MCX Daily News Letter
PICK FOR THE DAY
MCX CRUDE OIL January Tuesday as seen in the daily chart opened at 3560 levels and
day high of 3575 levels. During this period price corrected & made day low of 3500
levels finally closed at 3513 levels. Now, there are chances of further downward
movement technically & fundamentally.
There were also doubts that the overall cuts would go deep enough to rebalance a market suffering
from oversupply for the past two years.
DAILY RECOMMENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3500
LEVELS FOR TARGET OF T1 3400/T2 3350 WITH SL OF 3600 LEVELS.
SEBI Registration Number: INA000001647,,, MCX Daily News Letter
GET MORE DETAILS HERE:-
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 Mcx live tips
 Precious Metal
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 Energy Pack
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 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_(2)

  • 1. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 11 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.
  • 2. Oil prices edge up on reports of Saudi supply cuts, but details murky. Highlights Gold prices gain in Asia as policy views from Trump awaited. Peru’s Copper Production to Grow 20% in 2017. PRECIOUS METALS Gold prices gained with the focus on policymaker remarks this week in the U.S. led by the next U.S. president on Wednesday. Gold for February delivery on the Comex division of the New York Mercantile Exchange edged up 0.11% to $1,186.75 a troy ounce. Overnight, gold prices rallied to a six-week high on Tuesday, amid jitters ahead of President-elect Donald Trump’s first news conference since his election victory on Wednesday. U.S. President-elect Donald Trump is to hold a press conference at 11:00 AM on Wednesday, which investors will be watching for any hints about the possible direction of economic policy. Gold has been well-supported in recent sessions after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of future interest rate hikes. Gold likely gained support at $1,337.50, the low from July 20 and was met with resistance at $ rate BASE METALS Peru’s government said January 10 the country’s copper output is expected to increase 20% in 2017, wenhua.com reported. Peru’s copper production is expected to be 2.60-2.70 million tonnes in 2017, higher than the 2.20 million tonnes estimated in 2016. The country’s copper output hit an all-time high of 2.15 million tonnes in the first eleven months of 2016, surging 42% from the same period of 2015. This is due mainly to surge in output at MMG’s Las Bambas copper mine and expansion by Freeport-McMoRan Inc at its Cerro Verde mine. LME copper is expected to move at USD 5,640-5,750/mt during Asian trading hours on Wednesday and SHFE 1703 copper will move at RMB 46,000-47,000/mt. In China’s domestic market, spot copper should trade at premiums of RMB 0-80/mt on Wednesday. The US dollar index rallied after hitting a two-day low on Tuesday, and is expected to remain range-bound. ENERGIES Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but prices were prevented from rising further over a lack of detail of these reductions and because of signs of rising supplies from other producers. Traders said that the price rises were a result of reports that Saudi Arabia, the world's top oil exporter, was telling some Asian customers that it will curb crude supplies slightly from contracted volumes in February, although Reuters was not able to confirm any details of the reductions. There were also doubts that the overall cuts would go deep enough to rebalance a market suffering from oversupply for the past two years. Both Brent and WTI futures are down around 6 percent since the start of the year. "Traders continued to fret about rising U.S. supply and compliance by OPEC to agreed-upon production cuts," ANZ bank 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: 28500 RESIST 2: 42000 RESIST 1: 28400 RESIST 1: 41700 SUP 1: 28000 SUP1: 40750 SUP 2: 27900 SUP2: 40300 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER (FEBRUARY) OVERVIEW: CS NICKEL (JANUARY) OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:405 RESIST 2: 740 RESIST 1:400 RESIST 1: 730 SUP1:390 SUP1: 708 SUP2:387 SUP2: 700 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC (JANUARY) OVERVIEW: CS LEAD (JANUARY) OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:190.00 RESIST 2: 153.00 RESIST 1:188.00 RESIST 1: 152.00 SUP1:182.00 SUP1: 146.00 SUP2:180.00 SUP2: 144.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM (JANUARY) OVERVIEW: TREND : BULLISH RESIST 2: 122.00 RESIST 1: 121.00 SUP1: 117.00 SUP2: 116.00 WWW.CAPITALSTARS.COM +917316790000 ENERGY LEVELS CS CRUDE OIL (JANUARY) OVERVIEW: CS NATURAL GAS (JANUARY) OVERVIEW: TREND : BEARISH TREND : BULLISH RESIST 2:3550 RESIST 2:233.00 RESIST 1:3520 RESIST 1:230.00 SUP1:3420 SUP1:213.00 SUP2:3370 SUP2:210.00 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 Tuesday as seen in the daily chart opened at 3560 levels and day high of 3575 levels. During this period price corrected & made day low of 3500 levels finally closed at 3513 levels. Now, there are chances of further downward movement technically & fundamentally. There were also doubts that the overall cuts would go deep enough to rebalance a market suffering from oversupply for the past two years. DAILY RECOMMENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3500 LEVELS FOR TARGET OF T1 3400/T2 3350 WITH SL OF 3600 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