Commodity Trading Tips

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www.capitalstars.com | CapitalStars Research

29/09/2015
DAILY MCX NEWSLETTER
s

www.capitalstars.com
| CapitalStars
www.capitalstars.com
| Ca Research

BULLION:

BASE METAL:
Mining giant Glencore’s shares slumped over
15% to an all-time low on Monday, and its
shares have fallen some 70% so far this year.
This deepened worries over base metals, driving
an across-the-board decline in base metals
prices. LME copper sank to USD 4,925/mt
before ending Monday down USD 67/mt at USD
4,968/mt. LME copper should remain low at
USD 4,920-4,980/mt on Tuesday on strong
bearishness, and SHFE 1512 copper should fall
to RMB 37,500-38,000/mt. In China’s spot
market, spot discounts of RMB 0-70/mt are
expected over SHFE 1510 copper contract.

Gold was hovering little changed on Tuesday after a two-day losing streak, as
fears over a looming U.S. rate hike offset any safe-haven bids from weaker
equities, while platinum hit a fresh 6-1/2-year low on fears of reduced auto
sector demand. A flurry of planned appearances this week by Federal Reserve
officials began on Monday, but conflicting views by policymakers raised more
questions about the U.S. central bank's ability to manage its message at a critical
juncture. Several other Fed officials are scheduled to speak this week, keeping
the focus firmly on U.S. monetary policy. Traders will also be closely monitoring
data, including non-farm payrolls due on Friday.

ENERGY:

Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down
as concerns over Asia's economic health mounted and as production remained high. Oil prices, along with most other commodities,
have fallen sharply recently, with crude futures losing almost 60 percent of their value since June 2014. Japanese stock markets,
among the earliest to open in Asia, slid to eight-month lows on Tuesday as global stocks came under pressure from worries about
economies in China and other emerging markets.

www.capitalstars.com | CapitalStars Research

BULLION & ENERGY
CS GOLD (OCTOBER) OVERVIEW:
TREND : BEARISH
RESIST 2: 26825
RESIST 1: 26725
SUP 1: 26340
SUP 2: 26190
STRATEGY: SELL ON RISE

CS SILVER (DECEMBER) OVERVIEW:
TREND : BEARISH
RESIST 2:35530
RESIST 1:35385
SUP1:34540
SUP2:34270
STRATEGY: SELL ON RISE

CS CRUDE OIL (OCTOBER) OVERVIEW:
TREND :BEARISH
RESIST 2:3070
RESIST 1:3030
SUP1:2930
SUP2:2900
STRATEGY: SELL ON RISE

CS NATURAL GAS (OCTOBER) OVERVIEW:
TREND :BULLISH
RESIST 2:182
RESIST 1:180
SUP1: 177
SUP2:175
STRATEGY: BUY ON DIPS

www.capitalstars.com | CapitalStars Research

BASE METAL

CS COPPER (NOVEMBER) OVERVIEW:
TREND :BEARISH
RESIST 2:339
RESIST 1:337
SUP1:330
SUP2:328
STRATEGY: SELL ON RISE

Get real time advice for Indian Share Market Tips, Best MCX Tips, Stock trading
tips, Forex, Commodity Trading Tips like Gold Trading Tips, Silver Trading Tips,
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COMMODITY PICK OF THE DAY: CRUDE OIL

MCX CRUDE OIL OCT., Monday as seen in the daily chart opened at 3030 levels and day high of
3030 levels. During this period price corrected & made day low of 2956 levels finally closed at
2968 levels. Now, there are chances of further downward movement technically &
fundamentally.



Japanese stock markets, among the earliest to open in Asia, slid to eight-month lows on Tuesday as global stocks came
under pressure from worries about economies in China and other emerging markets.

DAILY RECOMMENDATION: SELL MCX CRUDE OIL OCT., BELOW 2985 LEVELS FOR
TARGET OF T1 2885/T2 2835 WITH SL OF 3105 LEVELS.

www.capitalstars.com | CapitalStars Research

DISCLAIMER
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.

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