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www.capitalstars.com | CapitalStars Research 24/09/2015 DAILY MCX NEWSLETTER www.capitalstars.com | CapitalStars Research

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Get real time advice for Free Share Market Tips , Free Commodity Tips , Stock Market Tips , Equity Trading Tips , Commodity like gold, silver, copper, crude trading tips and all market updates. We also Provide share market tips . For 2 Days Free Trial, please visit our site http://www.capitalstars.com/free-trial

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Page 1: Daily  Free MCX commodity Tips & news updates

www.capitalstars.com | CapitalStars Research

24/09/2015

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www.capitalstars.com | Ca

DAILY MCX NEWSLETTER

www.capitalstars.com | CapitalStars Research

Page 2: Daily  Free MCX commodity Tips & news updates

BULLION:

Bullion saw some safe-haven bids as U.S. and Asian stocks fell, dragged down

by economic reports portraying U.S. factory growth as tepid and China in its

worst manufacturing contraction since the global financial crisis. Spot gold

XAU= was firm at $1,130.75, after gaining 0.5 percent on Wednesday.

December Comex Gold futures posted a solid gain on Wednesday after trading

lower earlier in the session. Traders initially sold gold after the release of

China’s bearish manufacturing PMI report because of a stronger U.S. Dollar.

BASE METAL: LME copper fell from highs during European and

US trading hours as a result of worries about

China’s demand and a slump in crude oil prices.

LME lead finally ended at USD 5,059/mt, down by

USD 16/mt. China’s Caixin manufacturing PMI for

September recorded a 6.5-year low, triggering

concerns over China’s demand and crude oil

prices tumbled, weighing down base metal prices.

LME copper should move in USD 5,040-5,100/mt

during Asian trading hours. SHFE 1511 copper will

range between RMB 38,300-39,000/mt on Sept.

24 with strong resistance emerging.

ENERGY:

Oil prices pared some losses on Thursday after sharp falls overnight on an unexpectedly large buildup in U.S. gasoline

stocks and seasonally tepid demand. Data from the Energy Information Administration on Wednesday showed that U.S.

crude oil stocks fell 1.9 million barrels in the week to Sept. 18, the second straight weekly drawdown, compared with

analyst expectations for a decrease of 533,000 barrels. Asian shares got off to a cautious start on Thursday after more dour

economic news in China and the United States prompted a bruising selloff the previous day.

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Page 3: Daily  Free MCX commodity Tips & news updates

CS GOLD (OCTOBER) OVERVIEW:

TREND : BULLISH RESIST 2: 26850 RESIST 1: 26680

SUP 1: 26345 SUP 2: 26220

STRATEGY: BUY ON DIPS

CS SILVER (DECEMBER) OVERVIEW:

TREND : BULLISH RESIST 2:36200 RESIST 1:35820

SUP1:35150 SUP2:35000

STRATEGY : BUY ON DIPS

CS CRUDE OIL (OCTOBER) OVERVIEW:

TREND :BEARISH

RESIST 2:3115 RESIST 1:3080

SUP1:2950 SUP2:2900

STRATEGY: SELL ON RISE

CS NATURAL GAS (SEPTEMBER) OVERVIEW:

TREND :BEARISH RESIST 2:174 RESIST 1:172

SUP1: 168 SUP2:165

STRATEGY: SELL ON RISE

BULLION & ENERGY

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Page 4: Daily  Free MCX commodity Tips & news updates

CS COPPER (NOVEMBER) OVERVIEW:

TREND :BEARISH

RESIST 2:346 RESIST 1:344

SUP1:338 SUP2:334

STRATEGY: SELL ON RISE

Get real time advice for Free Share Market Tips , Free Commodity Tips ,

Stock Market Tips , Equity Trading Tips , Commodity like gold, silver,

copper, crude trading tips and all market updates. We also Provide share

market tips . For 2 Days Free Trial, please visit our site

http://www.capitalstars.com/free-trial

Call at 0731-6790000, 6669900

BASE METAL

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Page 5: Daily  Free MCX commodity Tips & news updates

MCX CRUDE OIL OCT., Wednesday as seen in the daily chart opened at 3055 levels and day

high of 3134 levels. During this period price corrected & made day low of 2970 levels finally

closed at 2983 levels. Now, there are chances of further downward movement technically &

fundamentally.

Oil prices pared some losses on Thursday after sharp falls overnight on an unexpectedly large buildup in U.S. gasoline stocks

and seasonally tepid demand.

DAILY RECOMMENDATION: SELL MCX CRUDE OIL OCT., BELOW 3030 LEVELS FOR TARGET

OF T1 2930/T2 2900 WITH SL OF 3135 LEVELS.

COMMODITY PICK OF THE DAY: CRUDE OIL

Page 6: Daily  Free MCX commodity Tips & news updates

www.capitalstars.com | CapitalStars Research

The information and views in this report, our website & all the service we

provide are believed to be reliable, but we do not accept any responsibility (or

liability) for errors of fact or opinion. Users have the right to choose the

product/s that suits them the most.

Use of this report in no way constitutes a client/advisor relationship, all

information we communicate to you (the subscriber) either through our Web

site or other forms of communications, are purely for informational purposes

only. We recommend seeking individual investment advice before making any

investment, for you are assuming sole liability for your investments. Capital Stars

will in no way have discretionary authority over your trading or investment

accounts.

All rights reserved.

DISCLAIMER

Page 7: Daily  Free MCX commodity Tips & news updates

www.capitalstars.com | CapitalStars Research