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Mcx daily report 11 dec

this Document is regarded Daily Mcx Report.

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Mcx daily report 11 dec

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  1. Goldpricesholdsteadyasstrongerdollarweighs. Gold prices held steady early on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than previously thought, but a stronger dollar amid Brexit worries weighed on the precious metal. British Prime Minister Theresa May on Monday postponed a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes. The Federal Reserve's plans to continue raising interest rates next year were met with more skepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking back a hawkish prediction. U.S. job openings rebounded in October, but hiring continued to lag, suggesting a recent slowdown in job growth was most likely because employers could not find qualified workers. The vice president of the European Commission warned the Italian government on Monday there was little time left to change its expansionary 2019 draft budget and avoid EU disciplinary procedure. Hedge funds and money managers trimmed theirnetshortpositionsinComexgoldandsilvercontractsinthe weektoDec.4,theU.S. WithastrongdollaranddownbeatChineseeconomic data,copperpricesareexpectedtoremainrangebound. London copper reversed earlier gains to close lower at $6,095/mt on Monday as the US dollar rebounded. The SHFE 1902 contract fluctuated to close lower at 48,880 yuan/mt overnight. With a strong dollar and downbeat Chinese economicdata,copperpricesareexpectedtoremainrangeboundatlowstoday.LMEcopperislikelytotradeat $6,070-6,110/mt with the SHFE 1902 contract at 48,700-49,000 yuan/mt. Spot premiums are seen at 110-360 yuan/mt.. With worries over an escalation in the US-China trade tensions on Huawei CFO arrest, expected to trade in range bound. London nickel slid to close below $10,800/mt on Monday as longs covered their positions. Stocks across LME- registered warehouses dipped to 210,800 mt. The SHFE 1905 contract opened lower and slipped to close at 88,850 yuan/mt overnight. We expect nickel prices to extend their losses today. The SHFE 1905 contract is likely to trade at 87,600-88,900 yuan/mt with spot prices at 87,500-96,300yuan/mt. OilpricesriseonLibyanexport interruption,butmarketsremainweak. Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. Despite that, overall sentiment on oil prices remained weak amid worries over global stock markets and doubts that planned supply cuts led by producer club OPEC will be enough to rein in oversupply. Libya's National Oil Company (NOC) late on Monday declared force majeure on exports from the El Sharara oilfield, the country's biggest, which was seized at the weekend by a militia group. NOC said the shutdown would result in a production loss of 315,000 barrels per day (bpd), and an additional loss of 73,000 bpd at the El Feel oilfield. rise came after crude prices dropped by 3 percent the session before amid ongoing weakness in global stock markets and concerns that slowing oil demand-growth could erode supply cuts announced last week by the Organisation of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers including Russia. Futures have lost around a third of their value since early October amid the financial market slump and an emerging oil supplyoverhang.

  2. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number: INA000001647 MCXDailyReport 11 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 11 DEC2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3760 levels and made day low of 3559 Levels. During this period Crude High is 3793 levels and finally closed at 3619levels.Now,therearechancesofdownmovementtechnically&fundamentally. • Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militiagroup. • Despite that, overall sentiment on oil prices remained weak amid worries over global stock markets and doubts that planned supply cuts led by producer club OPEC willbeenoughtoreininoversupply. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3698 LEVELSFOR TARGET OF 3680/3660 WITH SL 3743 OFLEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 11 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 beheldresponsiblefor.Investment&TradinginSecuritiesMarkets are alwayssubjectedtomarketrisk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research PrivateLimited 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:

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