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Mcx daily report 13 dec

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Mcx daily report 13 dec

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 13 DEC2018 NewsHighlights Gold edges lower, palladium hits recordhigh. Gold prices dipped early on Thursday as the dollar steadied after declining from a near one- month high in the previous session, while palladium rose to a record high, trading at a premium to the bullion. Asian shares and the pound moved higher as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demand to open its markets. China appears to be easing its high-tech industrial development push, dubbed "Made in China 2025," which has long irked the United States, amid talks between the two countries to reduce trade tensions, according to new guidance to local governments. British Prime Minister Theresa May survived a confidence vote by the Conservative Party on Wednesday, but a mutiny by more than a third of her lawmakers indicated parliament was heading towards deadlock overBrexit. New US-China trade hopes weighed on the US dollar index overnight and supported copper prices. London copper regained some losses after it fell to the day’s lows of $6,132/mt on Wednesday, ending at $6,150/mt. After opening lower, the SHFE 1902 contract hovered at 49,030-49,130 yuan/mt overnight and closed at 49,120 yuan/mt. A lack of inflation in November, UK Prime Minister Theresa May’s survival of a no-confidence vote and new US- China trade hopes weighed on the US dollar index overnight and supported copper prices. LME copper is expected to trade at $6,130-6,180/mt today with the SHFE 1902 contract at 49,000-49,400 yuan/mt. Spot premiums are seen at 40-120yuan/mt. As the US dollar surged, LME nickel tumbled to closelower. With a higher open, LME nickel edged up to close at $10,785/mt on Wednesday. The SHFE 1905 contract jumped to a high of 89,450 yuan/mt overnight before it closed at 89,000 yuan/mt. LME nickel is expected to hover around $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. Fundamentals remained weak even as recent trade in the domestic spot marketimproved.. Oil prices climb amid signs of easing U.S.-China tradetensions. Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action. Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although gains were capped after the producer group lowered its 2019 demand forecast. "Crude oil prices rose, helped by the easing trade tension, as well as a fall in inventories," ANZ bank said on Thursday. The news that China is looking to redraft its 'Made in China' 2025 plan boosted hopes that trade talks are progressing better than expected. China made its first major U.S. soybean purchases in more than six months on Wednesday, while Beijing also appearstobeeasingitshigh-techindustrialpush,dubbed"MadeinChina2025,"whichhas

  2. long irked Washington. Drop in U.S. crude stockpiles, though less than expected, has helped boost sentiment, analystssaid.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 13 DEC2018 PreciousMetals CS GOLD (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 31900 RESIST 1: 31800 SUP1:31500 SUP 2:31300 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (MAR) OVERVIEW: TREND :SIDEWAYS RESIST 2:38600 RESIST 1:38400 SUP 1: 38000 SUP 2: 37800 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (FEB) OVERVIEW: TREND : SIDEWAYS RESIST2:454.00 RESIST1:450.00 SUP 1: 446.00 SUP 2: 440.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BULLISH RESIST 2:790.00 RESIST 1:780.00 SUP 1: 770.00 SUP 2: 760.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (DEC)OVERVIEW: TREND : SIDEWAYS RESIST2:193.00 RESIST1:191.00 SUP 1:187.00 SUP 2: 185.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:145.00 RESIST 1:143.00 SUP 1:140.00 SUP 2: 138.00 WWW.CAPITALSTARS.COM +919977499927 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 Energies CS CRUDE OIL (DEC)OVERVIEW: TREND :BERAISH RESIST 2:3750 RESIST 1:3700 SUP 1:3650 SUP 2: 3600 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (DEC)OVERVIEW: TREND :BEARISH RESIST 2:303.00 RESIST 1:300.00 SUP 1:292.00 SUP 2: 288.00 WWW.CAPITALSTARS.COM +919977499927

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 13 DEC2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3776 levels and made day low of 3721 Levels. During this period Crude High is 3815 levels and finally closed at 3749 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington intoaction. • Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although gains were capped after the producer group lowered its 2019 demandforecast. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3692 LEVELS FOR TARGET OF 3680/3655 WITH SL 3726 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 13 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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