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Mcx daily report 31 aug

This Document is regarding Daily MCX Report.

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Mcx daily report 31 aug

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 31 Aug2018 NewsHighlights Gold headed for longest monthly losing streak since2013. Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthly decline. Spot gold was down 0.1 per cent at $1,198.66 an ounce at 0029 GMT. Prices were on track for fifth straight monthly decline, the metal's longest losing streak since early 2013. They are down about 2 per cent so far this month. US gold futures were mostly steady at $1,204 an ounce. US President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. Policy and regulatory certainty in South Africa could potentially add 122 billion rand ($8 billion) in capital expenditure to the struggling mining sector over the next four years, the Minerals Council's chief executive said onThursday. Investor risk aversion intensifies as US President Donald Trump plans to move forward with tariffs. Investor risk aversion intensifies as US President Donald Trump plans to move forward with tariffs on another $200 billion worth of Chinese imports, according to a new report. This is set to weigh on copper prices in the short run. We expect LME copper to test support at the 10-day moving average, with the SHFE 1810 contract hovering around 48,500 yuan/mt today. Spot premiums are seen at 60-120yuan/mt. LME nickel extended its losses during the European tradingperiod. LME nickel tumbled to the $13,200/mt level before it pared some losses and closedat $13,310/mt on Thursday. The SHFE 1811 contract plummeted to a low of 108,180 yuan/mt before it regained some losses and closed overnight at 108,620 yuan/mt. Growing inventories in China eroded upward momentum in SHFE nickel prices and fuelledbearish market sentiment. We expect LME nickel to hover around $13,300/mt today and the SHFE 1811 contract to trade at 108,500-110,000 yuan/mt. Spot prices are seen at 108,000- 112,000yuan/mt. Oil dips on Sino-U.S. trade conflict, but looming Iran sanctionssupport. Oil prices dipped on Friday amid concerns the trade war between the United States and China could intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling further. Still, with Venezuelan supply falling sharply and concerns around U.S. sanctions against Iran that will target its oil exports from November, crude markets in August are on track to post a more than 4 percent rise for Brent and a 2percent

  2. increase for WTI. In a sign of a tightening market, the amount of unsold crude stored in the Atlantic basin has dwindled from around 30 cargoes to just a handful in recent weeks, trade data showed. this, analysts cautioned that the trade disputes between the United States and other major economies, especially China and the European Union, could start to drag on economic growth and, by extension, fueldemand.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 31 Aug2018 CS ALUMINIUM (SEP)OVERVIEW: TREND :BULLISH RESIST 2:155.00 RESIST 1:154.00 SUP 1:148.00 SUP 2:146.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (SEP)OVERVIEW: TREND :BULLISH RESIST 2:5100 RESIST 1:5050 SUP 1:4920 SUP 2:4880 CS NATURAL GAS (SEP)OVERVIEW: TREND :SIDEWAYS RESIST 2:209.00 RESIST 1:207.50 SUP 1:200.00 SUP 2:198.00

  4. WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744

  5. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 31 Aug2018 Pick for theDAY MCX GOLD OCT on Thursday as seen in the Daily chart opened at 30151 levels and made day High of 30316 levels. During this period GOLD came down to 30110 levels and finally closed at 30170 levels. Now, there are chances of up movement technically &fundamentally.  Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthlydecline.  Prices were on track for fifth straight monthly decline, the metal's longest losing streak since early2013. DAILY RECOMMENDATION: BUY MCX GOLD OCT ABOVE 30300 LEVELS FOR TARGET OF 30400/30450 WITH SL 30150 OF LEVELS.

  6. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 31 Aug2018 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 market risk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips 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

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