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Mcx daily report 3 sept

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Mcx daily report 3 sept

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 03 Sep2018 NewsHighlights Gold declines as rising global trade tensions buoydollar. Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthly decline. Spot gold was down 0.1 per cent at $1,198.66 an ounce at 0029 GMT. Prices were on track for fifth straight monthly decline, the metal's longest losing streak since early 2013. They are down about 2 per cent so far this month. US gold futures were mostly steady at $1,204 an ounce. US President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. Policy and regulatory certainty in South Africa could potentially add 122 billion rand ($8 billion) in capital expenditure to the struggling miningsector. A looming trade war is likely to limit rebounds in copper prices in the shortterm. As the US dollar climbed above 95, LME copper fell below support at $6,000/mt while the SHFE 1811 contract stood firm above 48,000 yuan/mt. However, it will remain difficult for the contract to rise above the 20-day moving average given pressure from shorts. A weak euro, expectations of further interest rate hikes by the US Federal Reserve, and a looming trade war are likely to limit rebounds in copper prices in the short term. Spot premiums are likely to be seen at 50 yuan/mt as lower prices prompt downstreampurchases. Large amount of Norilsk nickel entered the domestic market last Friday while downstream demand roseslightly. Large amount of Norilsk nickel entered the domestic market last Friday while downstream demand rose slightly, and this lowered nickel prices. Surging shorts dragged the SHFE 1811 contract to a low around 105,000 yuan/mt. It closed at 105,090 yuan/mt with open interests up 63,000 lots to 370,000 lots. LME nickel fell sharply, after it rebounded, to the lowest in sevenmonthsbelowthe$12,800/mtlevel.WeexpectLMEnickeltohoverweaklyaround $12,750/mt today, with the contract trading at 104,500-106,000 yuan/mt. Spot prices are likely to trade at 105,000-108,500yuan/mt. Oil falls on rising output from OPEC and UnitedStates. Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. Output from the producer cartel of the Organization of the Petroleum Exporting Countries (OPEC) rose by 220,000 barrels per day (bpd) between July and August, to a 2018- high of 32.79 million bpd, a Reuters survey found. Output was boosted by a recovery in Libyan production and as Iraq's southern exports hit a record. U.S. drillers added oil rigs for thefirsttimeinthreeweeks,energyservicesfirmBakerHughesreportedonFriday,

  2. increasing the rig count by 2 units to 862. high rig count has helped lift U.S. crude oil production C-OUT-T-EIA by more than 30 percent since mid-2016, to 11 millionbpd.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 03 Sep2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 30450 RESIST 1: 30350 SUP1:29950 SUP 2:29700 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 37650 RESIST 1: 37450 SUP 1: 36800 SUP 2: 36600 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:430.00 RESIST1:425.00 SUP 1: 418.00 SUP 2: 412.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2:938.00 RESIST 1:930.00 SUP 1: 918.00 SUP 2: 900.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BEARISH RESIST2:180.50 RESIST 1:178.50 SUP 1:174.00 SUP 2: 172.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2:150.00 RESIST 1:148.00 SUP 1:145.00 SUP 2: 143.50 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (SEP)OVERVIEW: TREND :BULLISH RESIST 2:153.00 RESIST 1:151.00 SUP 1:148.00 SUP 2:146.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (SEP)OVERVIEW: TREND :BEARISH RESIST 2:5100 RESIST 1:5050 SUP 1:4920 SUP 2: 4880 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (SEP)OVERVIEW: TREND :SIDEWAYS RESIST 2:209.00 RESIST 1:207.50 SUP 1:200.00 SUP 2: 198.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 03 Sep2018 Pick for theDAY • MCX SILVER DEC on Friday as seen in the Daily chart opened at 37800 levels and made day Low of 37455 levels. During this period GOLDcameupto38030levelsandfinallyclosedat37482levels. • Now, there are chances of down movementtechnically • &fundamentally. • As the dollar stayed firm on expectations of rising interest rates amid lingering Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthlydecline • Policy and regulatory certainty in South Africa could potentially add 122 billion rand ($8 billion) in capital expenditure to the struggling miningsector. DAILY RECOMMENDATION: SELL MCX SILVER DEC BELOW 37380 LEVELS FOR TARGET OF 37250/37150 WITH SL 37600 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 03 Sep2018 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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