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Mcx daily report 13 nov

This Document is regarding Daily Mcx Report.

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Mcx daily report 13 nov

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 13 NOV2018 NewsHighlights Gold prices inch up after hitting 1-monthlow. Gold prices edged higher on Tuesday, as investors looked for bargains after the metal fell to a more than one-month low on a stronger U.S. dollar. Asian shares stumbled on Tuesday after a rout in tech stocks inflicted a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid political risks in Europe and acrimonious Sino-U.S. trade relations. With the U.S. economy at or beyond full employment and inflation likely to rise slightly above a 2 percent goal over the next year, the Federal Reserve should continue to raise rates gradually, its newest policymaker said Monday -- but not necessarily next month. British Prime Minister Theresa May said on Monday that there were still considerable unresolved issues with the European Union over Brexit as the two sides approached the "endgame" in negotiations for departure from the bloc. China will further open its economy in the face of rising protectionism, Premier Li Keqiang said as he arrived in Singapore on Monday for meetings with Asia-Pacific leaders that will focus on speeding up work on a major new tradepact. In the physical market, cash flow issues prompted sellers to offload cargoes while spot premiums rose from previousdeclines. A higher US dollar above 97.5 dragged LME copper below the daily moving average overnight. It closed at $6,042/mt after it fell to a low of $6,038/mt, with open interests up 3,673 lots to 312,000 lots. The SHFE 1901 contract registered the seventh consecutive trading day of decline as shorts depressed it from a high of 49,090 yuan/mt and settled it at 48,900 yuan/mt. We expect it to trade at 48,650-49,050 yuan/mt today with its LME counterpart trading at $6,020-6,080/mt. Thin trades are likely to lower spot premiums to 30- 90yuan/mt. Macro economy pessimism and weak fundamentals lowered London nickel by0.61% Macro economy pessimism and weak fundamentals lowered LME nickel by 0.61% and weighed the SHFE 1901 contract by 0.04% below the 95,000 yuan/mt level. We expect LME nickel to trade around $11,350/mt with the SHFE 1901 contract at 94,000-95,500 yuan/mt today. Spot prices are set at 95,000-106,000yuan/mt. Oil falls as Trump raps OPEC's supply cut plan, global marketsskid. Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. The fall came amid a broad market selloff in Asia and before that on Wall Street, while the U.S.-dollar hit a 16-month high on Tuesday .DXY , making oil imports more expensive for any country using other currencies at home. West Texas Intermediate (WTI) crude oil futures were at $59.15 per barrel at 0214 GMT, down 78 cents, or 1.3 percent from their last settlement. Both oil price benchmarks have shed more than 20 percent in value since early October. The pipeline bottlenecks that have strangled Canadian crudepriceshaveatleastonemajorenergyproducercallingforoil-richAlbertatomandate

  2. output reductions. Oil-sands producer Cenovus Energy Inc. says the province already has legislation on the books that would allow it to require all drillers to curtail output temporarily to alleviate the glut -- and it needs to useit.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 13 NOV2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 31200 RESIST 1: 31000 SUP1:30800 SUP 2:30700 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 37100 RESIST 1: 36900 SUP 1: 36600 SUP 2: 36400 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:440.00 RESIST1:436.00 SUP 1: 430.00 SUP 2: 424.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BEARISH RESIST 2:835.00 RESIST 1:828.00 SUP 1: 818.00 SUP 2: 808.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (NOV) OVERVIEW: TREND : BEARISH RESIST2:186.00 RESIST1:184.00 SUP 1:182.00 SUP 2: 180.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:143.00 RESIST 1:141.00 SUP 1:138.00 SUP 2: 136.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:145.00 RESIST 1:143.00 SUP 1:140.00 SUP 2:138.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (NOV)OVERVIEW: TREND :BEARISH RESIST 2:4380 RESIST 1:4325 SUP 1:4250 SUP 2: 4200 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (NOV)OVERVIEW: TREND :BULLISH RESIST 2:289.00 RESIST 1:285.00 SUP 1:283.00 SUP 2: 280.00 WWW.CAPITALSTARS.COM +919977499927

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 13 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 4424 levels and made day Low of 4373 Levels. During this period Crude High is 4481 levels and finally closed at 4403 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. • The pipeline bottlenecks that have strangled Canadian crude prices have at least one major energy producer calling for oil-rich Alberta to mandate outputreductions. DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4305 LEVELS FOR TARGET OF 4280/4250 WITH SL 4355 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 13 NOV2018 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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