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Mcx daily report 22 nov

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Mcx daily report 22 nov

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 22 NOV2018 NewsHighlights Gold drops slightly as dollar firms on safe havendemand. Gold prices held firm on Thursday after hitting the highest in two weeks in the previous session, with improved risk appetite weighing on the U.S. dollar. The dollar was broadly lower as demand for safe haven currencies declined after a rebound in global equities and the euro strengthened on hopes for a resolution of Italy's budget dispute. Meanwhile, Asian shares stepped ahead cautiously, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth. The dollar has been under pressure this week as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of interest rate hikes. The doubts were heightened by data on Wednesday showing weekly jobless claims rose to a more than four-month high and new orders for U.S.-made capital goods were unexpectedly flat in October. Are seeing some impact of the weaker than expected durable goods number, which has reinforced investors to question their expectations of rate hikes in 2019 and weaker dollar followed," Hynesadded. Development of China-US trade conflict will remain in focus in the nearrun. London copper received support at the Bollinger middle band as it extended its increase of the daytime and mostly hovered above the daily moving average. It closed at $6,233/mt after rising to a high of $6,240/mt. With support at the five-day moving average, the SHFE 1901 contract settled at 49,530 yuan/mt with open interest up 2,704 lots to 518,000 lots. Market sentiment improved as the equity selloff eased. Development of China-US trade conflict will remain in focus in the near run. Today, the contract is expected to trade at 49,100-49,600 yuan/mt with its LME counterpart trading at $6,200-6,250/mt. Spot premiums are set at 50-120 yuan/mt as supplies aretight. Refined nickel inventories in east China had piled up for three consecutiveweeks. Weak fundamentals grew confidence in short positions, which lowered LME nickel by 0.5% and the SHFE 1901 contract by 1.41% overnight. This was despite a softened US dollar. Limited upward momentum will see LME nickel hovering weakly around $11,000/mt, with the contract trading at 90,500-92,000 yuan/mt today. Spot prices are seen at 91,000-102,500 yuan/mttoday. Oil prices pressured by rising US crude stocks, but expected OPEC supply cutsupports. Oil markets started Thursday timidly, with rising U.S. crude inventories pressuring prices but an expected supply cut by producer cartel OPEC offering some support. U.S. commercial crude oil inventories C-STK-T-EIA rose by 4.9 million barrels to 446.91 million barrels last week, the Energy Information Administration (EIA) said in a weekly report on Wednesday. That was the highest level since December 2017. Crude oil production C-OUT-T-EIA remained at a record 11.7 million barrels per day (bpd), the EIA said. Some analysts have warned that despite high global production, oil markets have little spare capacity to handle unforeseen supply disruptions. However, Innes said that once U.S. pipeline bottlenecks were alleviated,

  2. which he said he expected in 2019, "the entire notion of a tight global spare capacity argument goes down thewell".

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 22 NOV2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 31000 RESIST 1: 30900 SUP1:30500 SUP 2:30400 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 37100 RESIST 1: 36900 SUP 1: 36400 SUP 2: 36200 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:444.00 RESIST1:440.00 SUP 1: 436.00 SUP 2: 430.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BEARISH RESIST 2:800.00 RESIST 1:790.00 SUP 1: 777.00 SUP 2: 765.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (NOV) OVERVIEW: TREND : SIDEWAYS RESIST2:190.00 RESIST1:188.00 SUP 1:186.00 SUP 2: 184.00 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 2:143.00 RESIST 1:141.00 SUP 1:138.00 SUP 2:136.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (DEC)OVERVIEW: TREND :BEARISH RESIST 2:3950 RESIST 1:3900 SUP 1:3850 SUP 2: 3800 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (NOV)OVERVIEW: TREND :BULLISH RESIST 2:330.00 RESIST 1:325.00 SUP 1:315.00 SUP 2: 310.00 WWW.CAPITALSTARS.COM +919977499927

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 22 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3872 levels and made day low of 3845 Levels. During this period Crude High is 3987 levels and finally closed at 3949 levels. Now, there are chances of down movement technically & fundamentally. • Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries(OPEC). • Oil prices are almost a quarter below their recent peaks in early October, weighed down by surging supply, especially from the United States. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3896 LEVELS FOR TARGET OF 3870/3850 WITH SL 3950 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 22 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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