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Showing posts with label mcx tips. Show all posts
Showing posts with label mcx tips. Show all posts

Sunday, 14 October 2018


BULLION:-

There were a recent combination short covering and a flight to safety that lead to gold's rapid increase in price with the precious metal climbing through the descending channel's resistance to set a fresh high of $1,226/oz up from $1,180 recent double bottom lows. However, US equity markets set a firmer tone on Friday with respect to investor risk appetite which leaves gold bulls exposed to the risk of a deeper correction should market's continue to recover - Gold had already retreated back to $1,216 which has been marked out by the bears in the last two full day's of trade since its advance.  Eyes will stay focussed on US rates, the US dollar and stock markets with investor sentiment on shaky grounds considering the heightened tensions with respect to global trade relations and geopolitical risks

METALS:-

London copper reversed some early gains on Friday as the dollar climbed. The SHFE 1812 contract on Friday night fell below the daily moving average and ended at 50,720 yuan/mt after it rose to a high of 51,090 yuan/mt. Copper prices recovered as the markets settled from the US equity rout. In late trading on Friday, LME nickel lost all the gains it made earlier in the day and fell to a low of $12,610/mt before hovering around $12,670/mt and settling at $12,685/mt. The SHFE 1811 contract on Friday night rebounded to hover around 105,000 yuan/mt and end at 104,950 yuan/mt after it fell to a low of 104,430 yuan/mt. SHFE nickel prices are likely to remain rangebound as supply and demand both grow. LME nickel is expected to hover around $12,650/mt today and the SHFE 1811 contract is expected to trade at 104,000-106,000 yuan/mt. Spot prices are seen at 104,000-111,000 yuan/mt

ENERGY:-


Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices. "The market has again expressed concerns over geopolitical tensions in the Middle East after U.S. and Saudi traded comments over the disappearance of the Saudi journalist, leading to a jump in prices," Wang Xiao, head of crude research with Guotai Junan Futures, wrote in a research note. Saudi Arabia has been under pressure since Jamal Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Istanbul. Kingdom would retaliate against possible economic sanctions taken by other states over the case, its state news agency SPA reported on Sunday quoting an official source.


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Thursday, 20 September 2018



BULLION:-

Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, with the yellow metal heading for its first weekly gain in four. Spot gold inched up 0.2 percent to $1,209.38, after touching its highest since Sept. 13 at $1,210.01. It has risen 1.3 percent so far this week. U.S. gold futures were up 0.3 percent at $1,214.30 an ounce. Investors are awaiting next week’s Federal Reserve meeting. The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes. All 113 economists in the Reuters poll forecast the Fed would raise rates when it meets Sept. 25-26. It is expected to follow that up with one more before the end of this year, taking the fed funds rate to 2.25-2.50 percent. Higher rates dent demand for non-interest yielding gold and in turn boost the dollar in which it is priced. The dollar index was hovering near a ten-week low against a basket of major currencies. The dollar fell as resurgence in global risk appetite curbed safe-haven demand for the greenback. The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy.

METALS:-

London copper rose on Friday and was on track to post its biggest weekly advance in four weeks as investors viewed that trade tariffs would have a softer impact to global growth than earlier feared. London Metal Exchange copper rose 1 percent to $6,140 a tonne, up nearly 3 percent this week and close to its highest in more than one month. Shanghai Futures Exchange copper edged up 0.1 percent to 49,510 yuan ($7,235) a tonne. The Shanghai Futures Exchange will be closed on Monday for the mid-autumn festival. The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-U.S. trade conflict would be less damaging to global growth than initially feared.  

ENERGY:-

Oil prices eased on Friday, pulling back after U.S. President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs. Brent crude oil settled down 78 cents at $78.70 a barrel. U.S. light crude was down 32 cents to settle at $70.80 a barrel after rising nearly 2 percent on Wednesday. Global benchmark Brent has been trading just below $80 a barrel, near its highest level in almost four years, on expectations that U.S. sanctions against Iran, OPEC’s third biggest producer, will reduce global supply. Trump has imposed sanctions in response to Iran’s nuclear program that are to go into full effect on Nov. 4. Many buyers have already cut Iranian purchases ahead of the new regulations. It is unclear whether producers such as Saudi Arabia, Iraq and Russia can compensate for lost supply.  



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.


Tuesday, 11 September 2018



BULLION:-

Gold prices inched up on Tuesday, as a lower U.S. dollar and trade tensions bolstered the precious metal. Trade war tensions continued to ease investor sentiment. Robert E. Lighthizer, the United States trade representative met with European Union officials in Brussels on Monday to discuss trade tariffs. While Lighthizer called the talks “constructive,” a deal is not likely to be reached as soon as the White House administration would like. Meanwhile U.S. President Donald Trump wants to impose tariffs on almost all imported Chinese goods .China’s foreign ministry said on Monday that it would respond to any new steps on trade. Trade fears offset expectations for a Federal Reserve rate hike in September, pushing the greenback lower and increasing the price of gold. The US INDEX, which measures the greenback’s strength against a basket of six major currencies, fell 0.18% to 94.95.


ENERGY:-

Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Washington has told its allies to reduce imports of Iranian oil and several Asian buyers, including South Korea, Japan and India appear to be falling in line. the U.S. government does not want to push up oil prices, which could depress economic activity or even trigger a slowdown in global growth. U.S. Energy Secretary Rick Perry met Saudi Energy Minister Khalid al-Falih on Monday in Washington, as the Trump administration encourages big oil-producing countries to keep output high. Perry will meet with Russian Energy Minister Alexander Novak on Thursday in Moscow. the United States and Saudi Arabia are the world's three biggest oil producers by far, meeting around a third of the world's almost 100 million barrels per day (bpd) of daily crude consumption.



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Wednesday, 29 August 2018



BULLION:-

Gold prices edged up on Wednesday after falling as much as 1 percent in the previous session, but Sino-U.S. trade tensions continued to drag on the precious metal. Spot gold was up 0.1 percent at $1,202.46 an ounce. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday, but fell as much as 1 percent later in the session. U.S. gold futures were down 0.5 percent at $1,208.90 an ounce on Wednesday. U.S. and Chinese officials ended two days of talks last week with no major breakthrough as their trade war escalated with activation of another round of duelling tariffs. The dollar, which had risen recently on safe-haven buying from investors nervous about the trade dispute and U.S. interest rate hikes, slipped to four-week lows on Tuesday after a trade deal between U.S. and Mexico. The dollar index, which measures the greenback against a basket of currencies, was mostly steady on Wednesday at 94.756. In recent months, investors have sought safety from global trade conflict in U.S. Treasuries, which entails buying dollars. In Washington, Canada’s main trade negotiator was in talks to preserve a three-nation North American Free Trade Agreement following Monday’s deal between the United States and Mexico. Holdings of SPDR Gold Trust, the world’s largest goldbacked exchange-traded fund, fell 0.62 percent to 759.87 tonnes on Tuesday from Monday.

METALS:-

London copper drifted lower on Wednesday as the dollar recovered from a four-week trough and investors exercised caution with no resolution in sight for an escalating U.S.-China trade dispute. Three-month copper on the London Metal Exchange was down 0.4 percent at $6,124 a tonne, retreating from a two-week peak of $6,167 reached on Tuesday. On the Shanghai Futures Exchange, the most-traded October copper rose 0.6 percent to 48,920 yuan ($7,117) a tonne, tracking overnight gains in London. The dollar inched higher after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of an upcoming deadline in the China-U.S. trade dispute. A firmer greenback makes dollar-denominated assets costlier for holders of other currencies. In other news, Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress. The deadline for public comment on U.S. President Donald Trump’s plan to impose 25 percent tariffs on another $200 billion of Chinese goods will be on Sept. 5. that would be keenly watched by traders for further developments in the ongoing trade tensions.


Energy:-


Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising production outside the Organization of the Petroleum Exporting Countries. International Brent crude oil futures LCOc1 were at $76 per barrel, up 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 6 cents at $68.59 a barrel. Crude prices have been supported by the prospect of U.S. sanctions against Iran, which will start to target its oil industry from November. Bowing to pressure from Washington, many crude buyers have already reduced orders from OPEC’s third-biggest producer. Although Tehran is offering steep discounts, Iran’s August crude oil and condensate loadings are estimated at 2.06 million barrels per day (bpd), versus a peak of 3.09 million bpd in April. Another concern is crisis-struck OPEC-member Venezuela, where oil exports have dropped by half since 2016 to below 1 million bpd. To stem tumbling output, Venezuelan staterun oil firm PDVSA said on Tuesday it had signed a $430 million investment agreement to increase production by 640,000 bpd at 14 oil fields, valuing the investment at $430 million. In the United States, crude oil inventories rose by 38,000 barrels to 405.7 million barrels in the week to Aug. 24, industry group the American Petroleum Institute said on Tuesday.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Sunday, 26 August 2018


BULLION:-
Gold prices inched up on Monday after marking their biggest one-day percentage gain in over a year the session before, with the US dollar easing on comments from the Federal Reserve chairman in support of a gradual approach to raising rates. Fed chair Jerome Powell on Friday defended the US central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. Powell has begun putting his stamp on the US central bank as someone who will rely more on data-informed judgment and less on some of the models and theoretical values that have shaped the Fed’s course in recent years. But St. Louis Fed President James Bullard on Friday raised new alarm bells over the US central bank’s plan to keep raising interest rates, warning that even one more rate hike could set the stage for recession. North Korea’s state-controlled newspaper on Sunday accused the United States of “double-dealing” and “hatching a criminal plot” against Pyongyang after Washington abruptly canceled a visit by Secretary of State Mike Pompeo. Hedge funds and money managers increased their net short position in COMEX gold contracts to another record in the week to Aug. 21, US CFTC data showed on Friday. Demand for physical gold was modest in India last week as the top bullion consuming the state of Kerala coped with floods, while interest for the metal remained lackluster elsewhere in Asia as buyers awaited a dip in prices. Holdings in SPDR

METALS:-
Shanghai base metal prices mostly rose in early trade on Monday, with zinc climbing for a sixth session and hitting a two-week high as inventories in China languish at their lowest in a decade. The London Metal Exchange is closed on Monday for a public holiday. Zinc inventories in warehouses monitored by the ShFE fell 11.8 percent last week to 30,800 tonnes, their lowest since October 2007. Stocks in warehouses approved by the LME have fallen for eight straight days. ShFE copper was trading higher for a second day, rising 0.7 percent to 48,780 yuan a tonne. Shanghai aluminum climbed as much as 0.9 percent to 14,865 yuan a tonne, its highest since Aug. 9, as Chinese smelters' costs increase. China Hongqiao Group, the world's biggest aluminum producer, reported a 21 percent jump in first-half net profit despite lower revenues as it avoided a repeat of hefty impairments seen a year earlier. Profits earned by China's industrial firms rose 16.2 percent in July from a year earlier, slowing from 20 percent in June, the statistics bureau said on Monday. As Australia's big miners gear up for a new round of expansion after years of belt-tightening, prices for everything from labor to fuel to equipment have begun to rise, driving up costs and eating into margins.

ENERGY:-

Oil prices dipped slightly on Monday on concerns that a US-China trade dispute will erode global economic growth, although looming US sanctions against Iran’s oil sector kept crude from falling further, traders said. US energy companies cut nine oil drilling rigs last week, dropping to 860, the biggest reduction since May 2016, the energy services firm Baker Hughes said on Friday. Despite growing concerns about potential oversupply, the markets will continue to get a fillip from US sanctions against Iran. Washington will target Iran’s oil exports with sanctions from November. OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year. Most analysts expect this figure to fall by at least 1 million bpd once sanctions kick in. Reports that China would continue to source US crude despite their escalating trade tensions also affected prices. Inventors would also be keeping an eye out for US inventory reports, due for release from the American Petroleum Institute on Tuesday and from the US Energy Information Administration on Wednesday.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 21 August 2018


BULLION:-
Gold prices rose on the back of a weaker U.S. dollar on Tuesday, extending gains into a third session after U.S. president Donald Trump said he was “not thrilled” with the U.S. Federal Reserve for raising interest rates. Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. Asian stocks were capped in the wake of those comments from Trump and after he accused China and Europe of manipulating their currencies. Atlanta Fed President Raphael Bostic said on Monday he was maintaining his expectation for one more interest rate hike this year, as trade tensions and international events add some downside risk to an otherwise strong U.S. outlook. U.S. businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first bicycles and wedding dresses to coffins. Turkish authorities detained two men suspected of shooting at the U.S. Embassy in the capital Ankara on Monday, in an attack that coincides with increased tensions between the two NATO allies over the trial of a U.S. pastor in Turkey. Meanwhile, Trump also said he did not expect much progress from trade talks with China this week in Washington. China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington.

METALS:-
Base metals prices rose on Tuesday, with London copper climbing back above the $6,000-a-tonne mark, as the dollar slipped, making metals cheaper for holders of other currencies, while the market awaited U.S.-China trade talks in Washington. Copper prices on the London Metal Exchange have fallen by 18 percent from a four-year high touched on June 7 amid concerns a trade row between the United States and China, which have slapped billions of dollars in tariffs on each other's goods, will hit demand for industrial metals. Industrial metals got a lift from improving sentiment on China’s economy and a rise in the yuan. The Asian nation plans to send a delegation to the U.S. later this month, stoking hopes of a revival of trade talks. Meanwhile, orders to withdraw copper from warehouses tracked by the London Metal Exchange climbed the most since 2015 on Monday. Metal prices plunged last week, sending the LMEX Index to a one-year low, as turmoil fueled by Turkey’s financial woes spread across emerging markets. Currency moves have also set the direction for the market in recent weeks, with the stronger dollar and weaker Chinese yuan leading metal prices lower.

ENERGY:-
Crude oil futures were mixed during morning trade in Asia on Tuesday, with the NYMEX WTI contract ticking up on expected US crude stock draws. Analysts surveyed Monday by S&P Global Platts were expecting latest US crude stocks data to show a 3.37 million-barrel draw for the week ended August 17 -- they had also expected a decline in last week's survey, but stocks instead posted a 6.81 million-barrel build. The American Petroleum Institute is due to release its preliminary stocks report later Tuesday and the more definitive US Energy Information Administration report is due on Wednesday. Meanwhile, Brent prices reacted to supply news elsewhere, including reports that Saudi Arabia ramped up its crude exports, refinery runs and direct burn for power generation in June, which pressured prices lower. Saudi exports rose 260,000 b/d month on month to 7.244 million b/d in June, after falling to a seven-month low in May, according to latest data from the Riyadh-based Joint Organizations Data Initiative. Its refinery runs increased 190,000 b/d on month to 2.792 million b/d in June, the highest since December 2017. Iran on Sunday told OPEC that no member country should be allowed to take over any other member country's share of oil exports as OPEC prepares to pump more oil from the second half of 2018 to offset the loss of Iranian oil as a result of US sanctions.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.



Saturday, 18 August 2018

NCDEX Oct Soybean edged higher on Thursday mainly on fresh buying initiated by the market participants on good meal exports. The government has increased the export incentives on soymeal to 10% of the free - on - board value from the current 7% till Mar 31. According to the latest report by the Soybean Processors' Association of India, India's soymeal exports rose 12% on year to 102,000 in July. Soymeal exports in August are expected to double on year to over 100,000 to due to robust demand from European countries. There was strong demand from Bangladesh, France, and Israel boosting export of the oilmeal. The area under soybean in the country increased by 9 % at 11.1 lakh ha as of last week compared to last year sowing, according to data released by the farm ministry.
Outlook
Soybean futures are expected to trade sideways to higher due to higher crushing demand due to increase the incentives for soy meal exports. However, the expectation of good area this season due to the forecast of normal rains is keeping the prices

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Thursday, 16 August 2018


Gold regains strength amid planned U.S., China trade talks.

Spot gold prices bounced from 19-month lows on Thursday, as the U.S. dollar slipped on news that China and the United States will hold trade talks this month, although sentiment remained negative. Gold futures settled slightly down as the U.S. dollar came off its lows later in the trading session, yet remained negative. Spot gold XAU= gained 0.3 percent at $1,177.80 an ounce by 1:39 p.m. EDT (1739 GMT), from an earlier low of $1,159.96, it’s weakest since January last year. U.S. gold futures GCcv1 for December delivery settled down $1, or 0.1 percent, at $1,184 per ounce. Auto catalyst metal platinum is oversupplied. South Africa, the world's top platinum producer, saw its rand currency ZAR= hit a two-year low due to contagion from the Turkish lira earlier this week. A lower rand cuts costs for South African miners when expressed in dollars, which means they can keep producing and delaying the process of rebalancing the market.

Copper Tumbles into a Bear Market.

While the risk of a strike at BHP’s Escondido copper mine in Chile has temporarily wound down, the movement of Chinese yuan and the performance of Chinese economy would be key. Spot premiums are seen higher at 100-140 yuan/mt today given the early tumbles in futures prices. The euro zone’s surplus for goods traded with the rest of the world fell by less than forecast in June, suggesting the bloc may be weathering international trade frictions better than expected. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 212,000 for the week ended August 11, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.

Decreasing inventories and upbeat fundamentals in China also buoyed nickel prices.

LME nickel jumped past $13,400/mt before it met pressure at $13,500/mt and closed at $13,340/mt on Thursday. The SHFE 1811 contract climbed to 111,450 yuan/mt before it edged down, hovering around the daily moving average, and closed at 110,620 yuan/mt overnight. Decreasing inventories and upbeat fundamentals in China also buoyed nickel prices. We expect the prices to extend their gains today. LME nickel is likely to hover around $13,000/mt today and the SHFE 1811 contract is expected to trade at 110,000-111,500 yuan/mt with spot prices at 109,000-111,000 yuan/mt.

Oil prices slip amid fears over global economic growth.

Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. China and the United States have implemented several rounds of trade tariffs and threatened further duties on exports worth hundreds of billions of dollars, which could knock global economic growth.At the same time, the crisis gripping the Turkish lira has rattled emerging markets and reverberated across equities, bonds and raw materials.U.S. data on Wednesday showed crude output C-OUT-T-EIA rose by 100,000 barrels per day to 10.9 million bpd in the week ending Aug. 10.Crude inventories C-STK-T-EIA increased by 6.8 million barrels, representing the largest weekly rise since March last year.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Sunday, 12 August 2018


BULLION:-

Gold prices held broadly steady early on Friday after dipping the session before, drawing some support from global political tensions and a slightly weaker dollar against the yen. Japan’s economy expanded at an annualized rate of 1.9 percent in April-June, bouncing back from a contraction in the previous quarter, government data showed on Friday, in a sign its recovery momentum remained intact. Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia’s rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling. Russia condemned a new round of U.S. sanctions as illegal on Thursday and said it had begun working on retaliatory measures after news of the curbs pushed the rouble to two-year lows over fears Moscow was locked in a spiral of never-ending sanctions. Turkey’s lira tumbled to another record low against the dollar on Thursday after a Turkish delegation returned from meeting U.S. officials in Washington with no apparent solution to a diplomatic rift that has opened up between them. North Korea on Thursday denounced U.S. calls for enforcing international sanctions despite its goodwill moves and said progress on denuclearization promises could not be expected if Washington followed an “outdated acting script”. The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labour market weather ongoing trade tensions between the United States and a host of other countries.

BASE METALS:-

Copper prices moved higher in Shanghai and London in early Asian trade on Friday and were set to end the week in positive territory as the prospect of strikes at copper mines in Chile, including Escondida, the world’s largest, drew nearer. Three-month copper on the London Metal Exchange nudged up 0.2 percent to $6,212.50 a tonne, as of 0116 GMT, extending a 0.8 percent gain in the previous session. The main union at Chile’s Caserones copper mine said on Wednesday that a last round of labor negotiations with mine operator Lumina Copper had broken down and that a strike was imminent. Three-month aluminum on the LME was up 1 percent at $2,089 a tonne, after ending down 1.3 percent in the previous session on profit-taking. ShFE aluminum was down 0.6 percent at 14,665 yuan a tonne. On-warrant stocks of aluminum available to the market in LME-registered warehouses have fallen to 832,775 tonnes, the lowest since 2007, supporting prices.

ENERGY:-

Crude oil futures were largely stable during mid-morning trade in Asia Friday as expectations of rising supply balanced global trade tensions, keeping prices largely unchanged after a mid-week decline. Prices retreated Wednesday after the release of data showing a smaller-than expected fall in US crude inventories and a build in US product inventories, but rising trade tensions between US and China and increasing output by OPEC producer Iraq was keeping prices in a tight range Friday. In response to the latest round of US tariffs on Chinese imports, China Wednesday announced it would impose a 25% tariff on $16 billion worth of US goods from August 23. This is expected to include US gasoline and diesel. In Iraq, crude oil production hit a 13-month high in July at 4.46 million b/d, the country's State Oil Marketing Organization said Thursday. Iraq has consistently reported production above 4.36 million b/d since last September. The totals include output from the semi-autonomous Kurdistan Regional Government. Iraq said it exported 3.875 million b/d in July, up 25,000 b/d from June, and the highest level since January 2017. Iraq reported its highest crude oil production in 13 months in July to 4.46 million b/d, underpinning market-watchers' anticipation over potentially stronger supplies into H2 2018.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Wednesday, 8 August 2018

Precious Metals

CS GOLD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 29790 RESIST
1: 29690 SUP
 1: 29550 SUP
 2: 29450

 CS SILVER (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 38300 RESIST
1: 38150 SUP
1: 37750 SUP
2: 37600
Base Metals 

CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 422.50 RESIST
1: 420.50 SUP
1: 416.00 SUP
2: 414.0

CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 965.00 RESIST
 1: 958.00 SUP
 1: 940.00 SUP
 2: 932.00

CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST
2: 182.50 RESIST
1: 181.50 SUP
 1: 179.00 SUP
2: 177.50

CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 148.50 RESIST
1: 147.50 SUP
1: 145.50 SUP
2: 144.00

 CS ALUMINIUM (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 142.00 RESIST
1: 140.50 SUP
1: 138.50 SUP
2: 137.50

CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4830 RESIST
 1: 4790 SUP
 1: 4730 SUP
2: 4700

CS NATURAL GAS (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 200.50 RESIST
 1: 199.50 SUP
1: 197.00 SUP
2: 195.50

Energies 
CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4830 RESIST
1: 4790 SUP
 1: 4730 SUP
2: 4700
 CS NATURAL GAS (AUG) OVERVIEW: TREND : BULLISH RESIST 
2: 200.50 RESIST
 1: 199.50 SUP
 1: 197.00 SUP
 2: 195.50

MCX CRUDE AUG on Monday as seen in the Daily chart opened at 4758 levels and made day low of 4737 levels. During this period crude came up to 4798 levels and finally closed at 4762 levels. Now, there are chances of down movement technically & fundamentally.

  •  Oil rises ahead of renewed U.S. sanctions against Iran.
  •  Much of the northern hemisphere has been gripped by extreme heat this summer, pushing up demand for industrial and residential cooling.

DAILY RECOMMENDATION: SELL MCX CRUDE AUG BELOW 4762 LEVELS FOR TARGET OF 4735/4720 WITH SL 4805 OF LEVELS.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 7 August 2018



BULLION:-
Gold prices edged up on a steady US dollar early Tuesday, but expectations for further interest rate hikes in the United States supported the greenback and limited interest in the metal. Asian stocks were largely steady on Tuesday, with worries over the US-China trade conflict offsetting support from earnings-led gains on Wall Street. On Tuesday the pound held near an 11-month low against the dollar reached overnight on worries of a "hard" Brexit for Britain while simmering US-China trade tensions helped support the greenback. Chinese state media on Monday criticised US President Donald Trump's trade policies in an unusually personal attack, and sought to reassure investors anxious about China's economy as growth concerns battered its financial markets. China's exports are expected to have maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States, though the outlook has darkened as both sides raised the stakes in a trade conflict that has rattled financial markets. The Trump administration will aggressively enforce economic sanctions that it is re-imposing on Iran this week and expects the measures to have a significant impact on the Iranian economy, senior U.S. administration officials said on Monday. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.78% to788.71 tonnes on Monday from 794.90 tonnes on Friday.

ENERGY:-
Crude oil was largely stable in morning trade in Asia Tuesday after settling higher on Monday as supply-side indicators and geopolitical tensions kept a lid on volatility while inventors awaited fresh fundamental cues from weekly US inventory data. Crude prices have been volatile in recent sessions as the market reacted to an increased supply from OPEC and Russia while weighing the impact of a lack of Iranian barrels in the market due to US sanctions, analysts said. Discussion around possible waivers from the US for some importing countries was still floating around the market, resulting in uncertainty about the impact the Iranian sanctions will likely have. US sanctions on Iran's oil customers snap back November 4 and could remove up to 1 million b/d of oil from the global market. "Our goal is to get the import of Iranian oil to zero," a senior US administration official said Monday during a briefing with reporters. "We are not looking to grant exemptions or waivers but are glad to discuss requests and look at requests on a case-by-case basis." The official declined to say whether any limited waivers had been granted. "We don't disclose private deliberation with other governments over these things," he said.

METALS:-
Copper remains under pressure during early trading hours on Tuesday as an escalating trade dispute between Washington and Beijing stoking concerns over demand in China, the world’s biggest industrial metals consumer. On Friday China unveiled tariffs on 5,207 items imported from the United States, with the extra levies ranging from 5 percent to 25 percent, which analysts say could eventually undermine growth. However, even though items earmarked for the 25 percent tariff include copper ore and concentrates, the quantities involved are not significant for China. Miner BHP said on Monday that it had formally requested a period of government mediation with the union at its Escondida copper mine in Chile, the world’s largest, prompting the union to postpone the start of a strike approved by workers. Four more cities in northeast China’s Liaoning province have abandoned proposed alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world’s biggest alumina refinery. The cancellations - announced by the cities of Fengcheng, Fuxin, Gaizhou and Huludao - mean projects designed to produce over 18.5 million tonnes of alumina will not go ahead as planned. Also indicative of robust demand is falling even.

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