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Mcx daily report 29 nov

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Mcx daily report 29 nov

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  1. GoldgainsasdollarsagsoncautiousFed remarks. Gold prices firmed on Thursday as the dollar faltered following dovish comments from U.S. Federal Reserve Chair Jerome Powell, calming investor concerns over the pace of rate hikes. "The dovish Fed stance was relatively constructive from pure dollar trade perspective and it could edge off the dollar and continue to do so until the year end, which is quite significant for gold prices," said Stephen Innes, APAC trading head at OANDA in Singapore. The dollar slipped from a two-week high on Wednesday after Powell said interest rates are just below neutral, raising expectations that the U.S. central bank is closer to the end of its rate hike cycle. USD/ weaker dollar helps other local currencies such as China and India get back in the game, which could add to gold's lustre," Innes added. A weaker greenback makes the dollar-denominated gold cheaper for othernon-U.S. buyers. US dollar dipped from two-week highs after the US Federal Reserve described interest rates as "just below" the neutralrate. Copper led gains across base metals overnight, as the US dollar dipped from two-week highs after the US Federal Reserve described interest rates as "just below" the neutral rate. LME copper rebounded back above all moving averages, and above the Bollinger middle band. It closed at $6,251.5/mt after surged to a high of $6,269/mt. The SHFE copper dominant contract changed to the 1902 contract overnight, which rallied above the five- and 60-day moving averages on longs’ support. We expect it to trade at 49,200-49,600 yuan/mt with its LME counterpart tradingat$6,180-6,230/mttoday.Spotpremiumsaresetat70-130yuan/mt. AsaweakerUSdollargrewconfidenceacrosslongs,Nickelbrokepressure. As a weaker US dollar grew confidence across longs, LME nickel broke pressure at $10,860/mt and rose to a highof $10,880/mt after hovering around the daily moving average overnight. The SHFE 1901 contract registered a slower growth, pressured by domestic slow consumption. It closed 0.09% higher on the day at 89,520 yuan/mt, with open interests up 4,120 lots to 275,000 lots. Today, we expect LME nickel to hover around $10,800/mt, with the 1901 contract trading at 89,500-90,000 yuan/mt. Spot prices are seen at89,000-100,000 yuan/mt. OilstrengthensaheadofG20meeting,butsupplyrisecapsgains. Oil prices ticked higher on Thursday on optimism that trade talks at the G20 meeting could aid the global economy and improvethedemand outlook,whilean increaseinU.S.crudeinventoriestotheirhighest inayearcurbedgains. "We have seen huge increases in supply and the demand picture is in question. However, we might see some movement on global trade issues at the G20 meeting which starts on Friday," said Michael McCarthy, chief strategist at CMC Markets and Stock broking. Investors in commodity markets are looking ahead to the meeting of leaders of the Group of 20 nations (G20), the world's biggest economies, on Nov. 30 and Dec. 1, with the U.S.-China trade war at the top of the agenda. U.S. President Donald Trump is open to a trade deal with China but is also preparedto hiketariffsonimportsfromthecountryifthereisno breakthroughon longstanding tradeissuesduring a dinner on Saturday with Chinese leader Xi Jinping, White House economic adviser Larry Kudlow said on Tuesday. Said China will widen market access for foreign investors and step up protection of intellectual property rights. Rising supplies are keeping a lid onprices.

  2. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number: INA000001647 MCXDailyReport 29 NOV2018 CS ALUMINIUM(NOV) OVERVIEW: TREND :BEARISH RESIST 2:139.00 RESIST 1:137.50 SUP 1:136.00 SUP 2:134.00 WWW.CAPITALSTARS.COM+919977499927

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 29 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3657 levels and made day low of 3590 Levels. During this period Crude High is 3724 levels and finally closed at 3632 levels. Now, there are chances of down movement technically &fundamentally. • Oil prices ticked higher on Thursday on optimism thattrade talks at the G20 meeting could aid the global economy and improve the demand outlook, while an increasein • U.S. crude inventories totheir highest in a year curbed gains. • U.S. President Donald Trump is open to a trade deal with China but is also prepared to hike tariffs on imports from the country if there is no breakthrough on longstanding trade issues during a dinner on Saturday with Chinese leader Xi Jinping, White House economic adviser Larry Kudlow said onTuesday. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3570 LEVELSFOR TARGET OF 3540/3500 WITH SL 3640 OFLEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number: INA000001647 MCXDailyReport 29 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 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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