1 / 4

Mcx daily report 12 dec

this Document is regarding daily Mcx Report.

PurviMehta
Download Presentation

Mcx daily report 12 dec

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Gold holds firm on easing rate hikeexpectations. Gold prices were steady early on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium traded at a premium to gold. The dollar held near a one-month high against its peers on Wednesday, supported by a rebound in U.S. yields and weakness of the pound as its battering from uncertainty about Brexit continued. Asian stock markets edged ahead as U.S. President Donald trump sounded upbeat about a trade deal with China. China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for new talks aimed at easing the bitter trade war between the world's two largest economies. U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing. An attempt to oust British Prime Minister Theresa May gathered pace on Tuesday, a day after her decision to delay a vote in parliament on her Brexit deal for fear of a rout angered many in her Conservative Party. One of the International Monetary Fund's top officials warned on Tuesday that storm clouds were gathering over the global economy and that governments and central banks might not be well-equipped tocope. We expect upward momentum in copper prices to wanetoday. Short-covering pushed LME copper to the day’s highs of $6,194.5/mt on tuesday. The contract relinquished some gains to close at $6,146/mt as the US dollar gained. The SHFE 1902 contract climbed to a high of 49,370 yuan/mt overnight after a higher open. It came off to close at 49,240 yuan/mt. We expect upward momentum in copper prices to wane today. LME copper is expected to trade at $6,120-6,170/mt with the SHFE 1902 contract at 49,000- 49,400 yuan/mt. Spot premiums are seen at 80-220yuan/mt. As the US dollar surged, LME nickel tumbled to closelower. AstheUSdollarsurged,LMEnickeltumbledtocloselowerat$10,745/mtovernight,downfromtheday’shighsof $10,945/mt. The rebound in the dollar also weighed the SHFE 1905 contract overnight. The contract came off from ahighof89,940yuan/mttofallintothered,endingat88,830yuan/mt.LMEnickelisexpectedtohoveraround $10,800/mt today with the SHFE 1905 contract at 88,500-90,000 yuan/mt. Spot prices are seen at 89,000-96,500 yuan/mt. Oil rises more than 1 pct on OPEC-led supply cuts, trade talkhopes. Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut announced last week for 2019 would stabilise markets as well as hopes that long-running Sino-American trade tensions could ease. Disruptions to Libyan oil exports after local militia seized the country's biggest oil field, El Sharara, were also buoying prices, traders said. The higher prices came amid a broader increase in Asian stock markets after U.S. President Donald Trump told Reuters in an interview that trade talks with China were taking place to defuse the trade disputes between the world's two biggest economies. To oil markets was a decision by the Organisation of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers including Russia last week to cut supply by 1.2 million barrels per day (bpd). Crude prices had lost a third of their value between early October and the announcement of thecuts.

  2. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number: INA000001647 MCXDailyReport 12 DEC2018 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:141.00 RESIST 1:139.00 SUP 1:137.00 SUP 2:135.00 WWW.CAPITALSTARS.COM+919977499927

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 12 DEC2018 Pick for the DAY • MCX Crude on Friday as seen in the Daily chart opened at 3737 levels and made day low of 3656 Levels. During this period Crude High is 3800 levels and finally closed at 3754 levels. Now, there are chances of down movement technically &fundamentally. • Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut announced last week for 2019 would stabilise markets as well as hopes that long-running Sino-American trade tensions could ease. • The higher prices came amid a broader increase in Asian stock markets after U.S. President Donald Trump told Reuters in an interview that trade talks with China were taking place to defuse the trade disputes between the world's two biggest economies. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3724 LEVELS FOR TARGET OF 3705/3680 WITH SL 3758 OFLEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 12 DEC2018 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 financialadviser. 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 marketrisk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACT US BRANCHOFFICE Capitalstars Financial Research Private Limited Forex TradingTips Stock MarketTips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in Report Is Checked By InvestmentAdvisor:

More Related