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Mcx daily report 03 dec

This Document is regarding Daily Mcx Report.

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Mcx daily report 03 dec

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 03 DEC2018 NewsHighlights Gold dips as dollar firms, palladium breaches$1,200/oz. Gold fell on Friday as the dollar strengthened ahead of trade talks between the U.S. and Chinese leaders at the G20 summit on Saturday, while palladium prices crossed the $1,200 per ounce mark for the first time. U.S. President Donald Trump and his Chinese counterpart Xi Jinping will be meeting on the sidelines of the summit in Argentina to discuss the ongoing trade dispute between the world's two biggest economies. Gold XAU= dipped 0.29 percentto $1,220.01 per ounce at 1:32 p.m. EST (1832 GMT). A big price movement is unlikely in gold for the rest of the session "unless there is some kind of a major announcement from out of Buenos Aires from G20," he added. "The markets now have more clarity into issues such as the U.S. Federal Reserve's interest rate thinking, the Italian budgetary drama, and the U.S.- China trade war," said Ronan Manly, a precious metals analyst at Singapore-based dealer Bullion Star. Gold prices have been trading between $1,210.65 and $1,230.07 over the past two weeks. US dollar dipped from two-week highs after the US Federal Reserve described interest rates as "just below" the neutralrate. The SHFE 1901 contract inched up during the day and closed at 49,650 yuan/mt, posting a three-day winning streak. This helped the contract stand above the 60-, 20-, 10- and five-day moving averages. Sitting between the middle and upper Bollinger bands, the contract saw its KDJ lines diverge and expand upwards and a red MACD bar loom. Open interest for the contract grew 6,312 lots to 171,166 lots. Market participants tonight should monitor whether the contract could regain the ground at the 40-day moving average as high as 49,609 yuan/mt. As a weaker US dollar grew confidence across longs, Nickel brokepressure. The SHFE 1901 contract extended overnight gains to close at 91,330 yuan/mt. Open interest for the contract shrank 10,824 lots to 245,900 lots. The contract is expected to hover around the 91,000 yuan/mt leveltonight. Oil drops; losses limited by hopes of OPEC, Russia outputcut. Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week. Stronger dollar makes greenback-denominated oil more expensive for holders of other currencies. Prices pared losses from session lows after Bloomberg reported OPEC's advisory committee suggested decreasing production by 1.3 million barrels per day from last month's levels, traders said. "Oil prices bounced back late in the day on Friday on reports that the OPEC committee had suggested a 1.3 million barrel per day cut from the October level," said Fawad Razaqzada, market analyst at futures brokerage Forex.com. "The pressure has certainly been building as prices continued to fall amid ongoing concerns over excessive supply and lower demand growth ... If no action is taken, oil prices could certainly drop further, while a productioncutshouldleadtoasizeablereboundfortheseseverelyoversoldlevels."Before

  2. the OPEC meeting in Vienna, the world's top three producers - the United States, Russia and Saudi Arabia - will be part of a meeting this weekend of the Group of 20 industrialized nations in Buenos Aires,Argentina.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 03 DEC2018 PreciousMetals CS GOLD (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 30350 RESIST 1: 30250 SUP1:30150 SUP 2:30050 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (MAR) OVERVIEW: TREND : BEARISH RESIST 2: 36500 RESIST 1: 36300 SUP 1: 36000 SUP 2: 35800 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (FEB) OVERVIEW: TREND : BEARISH RESIST2:440.00 RESIST1:434.00 SUP 1: 428.00 SUP 2: 422.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BULLISH RESIST 2:788.00 RESIST 1:780.00 SUP 1: 760.00 SUP 2: 750.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (DEC)OVERVIEW: TREND : SIDEWAYS RESIST2:182.00 RESIST1:180.00 SUP 1:178.00 SUP 2: 175.50 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:139.00 RESIST 1:137.00 SUP 1:135.00 SUP 2: 133.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2:139.00 RESIST 1:137.50 SUP 1:136.00 SUP 2:134.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (DEC)OVERVIEW: TREND :BEARISH RESIST 2:3700 RESIST 1:3650 SUP 1:3550 SUP 2: 3500 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (DEC)OVERVIEW: TREND :BEARISH RESIST 2:325.00 RESIST 1:320.00 SUP 1:315.00 SUP 2: 310.00 WWW.CAPITALSTARS.COM +919977499927

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 03 DEC2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3613 levels and made day low of 3478 Levels. During this period Crude High is 3633 levels and finally closed at 3576 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets incheck. • The producer group plus non-OPEC member Russia will gather on Dec. 6 and 7 in Vienna to discuss outputpolicy. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3575 LEVELS FOR TARGET OF 3560/3530 WITH SL 3652 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 03 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 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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