this Document is regarded Daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 30 OCT 2018
News Highlights
Gold prices edge down amid fears trade war could ramp up.
Gold rose on Friday to a more than three-month peak as investors rushed to the safety of bullion as stock
markets around the globe plunged, putting the metal on track for its fourth week of gains. Spot gold was on
course for a fourth weekly gain, its longest winning streak since January. Stocks worldwide spiraled
downward on Friday and were set to post their worst weekly losing streak in more than five years. Rising
rates are normally negative for gold because they increase the opportunity cost of holding non-yielding
bullion and could boost the dollar, in which gold is priced. Gold demand in India this week was muted as a
recent rally in domestic prices prompted buyers to postpone purchases despite the approaching festival
and wedding season. Prices are up more than 6 percent after falling to $1,159.96 an ounce in mid-August,
the lowest since January 2017.
Market participants should monitor China’s efforts to boost domestic demand.
As the US dollar re bounded, LME copper came off from day-highs of $6,240/mt on Monday. As longs
covered their positions, LME copper extended its decline and lost all earlier losses by closing. The SHFE
1812 contract opened higher and rose to a high of 50,170/mt overnight as longs added their positions. The
contract then turned around, tracking losses in its LME counterpart and dropping to a low of 49,830
yuan/mt. The US dollar remained strong against the euro due to political uncertainty in Europe. Market
participants should monitor China’s efforts to boost domestic demand. Copper prices are likely to trade
range bound around
$6,200/mt in the short term. LME copper is expected to trade at $6,120-6,200/mt today with the SHFE
1812 contract at 49,800-50,300 yuan/mt. Spot discounts are seen at 100-80 yuan/mt.
Anticipation of nickel pig iron (NPI) supply increases and downstream consumption cuts.
LME nickel fell and closed at $11,740/mt on Monday. As shorts added their positions, the SHFE 1901
contract reversed its earlier gains that it made on short-covering and ended at 98,330 yuan/mt
overnight. LME nickel is likely to hover around $11,800/mt today with the SHFE 1901 contract at
97,500-99,000 yuan/mt. Spot prices are seen at 99,000-107,500 yuan/mt.
Brent oil prices dips on rising supply, global market woes.
Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by
signs of rising global supply despite looming sanctions on Iran's crude exports. Oil has been caught up in
broad financial market slumps this month, with stocks falling again on Monday after reports Washington
was planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between
Presidents Donald Trump and Xi Jinping fail to end a trade war between the world's two largest economies.
Oil prices are hurting consumers and could dent demand, the executive director of the International Energy
Agency (IEA) said on Tuesday are two downward pressures on global oil demand growth. One

2. is high oil prices, and in many countries they're directly related to consumer prices. The second one is
global economic growth momentum slowing down," said IEA chief Fatih Birol.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 30 OCT 2018
Precious Metals
CS GOLD (DEC) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 32200
RESIST 1: 32100
SUP 1:31850
SUP 2:31750
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CS SILVER (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 38900
RESIST 1: 38700
SUP 1: 38200
SUP 2: 38000
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Base Metals
CS COPPER (NOV) OVERVIEW:
TREND : BEARISH RESIST
2:455.00
RESIST 1:450.00
SUP 1: 442.00
SUP 2: 438.00
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CS NICKEL (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 880.00
RESIST 1: 870.00
SUP 1: 860.00
SUP 2: 850.00
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CS ZINC (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2:202.00
RESIST 1:199.00
SUP 1: 196.00
SUP 2: 194.00
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CS LEAD (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 147.00
RESIST 1: 145.00
SUP 1: 142.00
SUP 2: 140.00
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CS ALUMINIUM (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 148.00
RESIST 1: 146.00
SUP 1: 144.00
SUP 2: 142.00
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Energies
CS CRUDE OIL (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 5020
RESIST 1: 4960
SUP 1: 4840
SUP 2: 4800
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CS NATURAL GAS (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 239.00
RESIST 1: 237.00
SUP 1: 232.00
SUP 2: 230.00
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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 30 OCT 2018
Pick for the DAY
MCX Crude on Friday as seen in the Daily chart opened at 4902 levels and
made day low of 4868 levels. During this period Crude High is 4980 levels and
finally closed at 4953 levels. Now, there are chances of down movement
technically & fundamentally.
Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in
global stock markets and by signs of rising global supply despite looming
sanctions on Iran's crude exports.
Oil prices are hurting consumers and could dent demand, the executive director
of the International Energy Agency (IEA) said on Tuesday is two downward
pressures on global oil demand growth.
DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4936
LEVELS FOR TARGET OF 4920/4905 WITH SL 4978 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 30 OCT 2018
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