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Mcx daily report 16 nov

This Document is regarding Daily Mcx Report.

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Mcx daily report 16 nov

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 15 NOV2018 NewsHighlights Gold edges back above $1,200 as dollar rallystalls. Gold prices held steady on Thursday, after rising nearly a percent in the previous session, as the dollar retreated further from a 16-month peak against a basket of currencies. British Prime Minister Theresa May won the backing of her senior ministers for a draft European Union divorce deal on Wednesday, freeing her to tackle the much more perilous struggle of getting parliament to approve the agreement. Italy re-submitted its draft 2019 budget to the European Commission with the same growth and deficit assumptions as a draft rejected for breakingEuropeanUnionrules,steppingupitsshowdownwiththeEUoveritsfiscalpolicy. U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month. Fed Chair Jerome Powell said the introduction of press conferences after every Federal Reserve meeting next year means all meetings are now "live" for possible rateincreases. Despite a moderate decline overnight, the US dollar index remained at high levels, which will continue to weigh on copper prices in the shortrun. London copper returned to the five-day moving average amid rising hopes for a Brexit deal. It rose to a high of $6,123.5/mt overnight and closed at $6,100/mt. The SHFE 1901 contract also received support at the daily moving average and increased to a high of 49,280 yuan/mt as investors added their longs. However, long-term pressure is expected as the US dollar remains high and the market looks ahead for further interest rates hikes this year. We expect LME copper to trade at $6,050-6,100/mt today with the SHFE 1901 contract at 48,700-49,200 yuan/mt. Spot premiums are set at 50-110 yuan/mt on the last trading day beforedelivery. Slower-than-expected domestic demand is likely to see the Nickel contract trade in rangebound. As the US dollar dipped from 16-month highs overnight, LME nickel tested pressure above at $11,350/mt several times. However, unsustained upward momentum lowered it to around the daily moving average, and closed it at $11,305/mt. LME nickel stocks shrank 294 mt to 216,306 mt. The SHFE 1901 contract also came off from a high of 94,510 yuan/mt and closed around the daily moving average at 94,200 yuan/mt. Slower-than- expected domestic demand is likely to see the contract trade at 93,500-95,000 yuan/mt today, with LME nickel hovering around $11,300/mt. Spot prices are seen at 94,500- 105,500 yuan/mttoday. Oil prices resume decline on oversupplyworries. Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. Since early October, oil prices have lost around a quarter of their value as supply soars just as demand is expected to slow down along with an economic downturn. Refiners and consumers we speak with are mentioning initial concerns of slowing demand," said Mike Corley, president of MercatorEnergyAdvisors.Meanwhile,datareleasedthisweekshowedeconomiccontraction

  2. in industrial powerhouses Japan and Germany in the third quarter. the same time, supply has been surging, especially due to a 22 percent rise in output in U.S. crude oil production C-OUT- T-EIA this year to a record 11.6 million barrels per day (bpd). As a result, oil inventories are rising.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 15 NOV2018 PreciousMetals CS GOLD (DEC)OVERVIEW: TREND : SIDEWAYS RESIST 2:31200 RESIST 1:30900 SUP1:30600 SUP 2:30500 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 37100 RESIST 1: 36900 SUP 1: 36100 SUP 2: 35900 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST2:440.00 RESIST1:436.00 SUP 1: 430.00 SUP 2: 424.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : SIDEWAYS 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 : SIDEWAYS RESIST2:188.00 RESIST1:186.00 SUP 1:183.00 SUP 2: 181.00 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 15 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 4030 levels and made day Low of 3968 Levels. During this period Crude High is 4145 levels and finally closed at 4089 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economicoutlook. • Since early October, oil prices have lost around a quarter of their value as supply soars just as demand is expected to slow down along with an economic downturn. DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4054 LEVELS FOR TARGET OF 4030/4005 WITH SL 4080 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 15 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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