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Mcx daily report 5 dec 2018

This Document is regarding Daily Mcx Report.

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Mcx daily report 5 dec 2018

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 05 DEC2018 NewsHighlights Gold prices steady as dollar edgeshigher. Gold prices were steady early Wednesday as the dollar edged up, while palladium dipped from record highs touched in the previous session but was in close proximity to the bullion. Spot gold was at $1,236.85 per ounce at 0121 GMT. In the previous session, prices touched a peak of $1,241.86, their highest since Oct. 26. US gold futures were down 0.4 per centat $1,241.4 per ounce. One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest rate hikes continuing next year since the US economy is "in really good shape," reinforcing the Fed's upbeat tone in the face of growing doubts in financial markets. US President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China, but warned he would revert to tariffs if the two sides could not resolve theirdifferences. Copper prices are expected to stay at highs as a ceasefire in the US-China tradewar. London copper fell to close at $6,168.5/mt overnight as shorts built their bets on the recovery of the US dollar. The SHFE 1902 contract slid to close at 49,230 yuan/mt after a lower open overnight. Copper prices are likely to remain range bound at lows today with a trading range of $6,150-6,200/mt for LME copper and of 49,200-49,700 yuan/mt for the SHFE 1902 contract. Spot premiums are seen at 110-260yuan/mt. Weak domestic fundamentals could provide nickel with limited upwardmomentum. London nickel relinquished earlier gains and closed at $11,130/mt overnight as the US dollar climbed. The SHFE 1901 contract tumbled and closed at 90,740 yuan/mt overnight as gains in the dollar encouraged shorts to add bets and forced longs to cut bets. LME nickel is expected to weaken to hover around $11,100/mt today and the SHFE 1901 contract is expected to trade at 90,500-92,000 yuan/mt. Spot prices are seen at 90,500-99,500yuan/mt. OPEC Deal in Balance as Saudi Arabia, Russia Gather forTalks. With less than 48 hours to go before a critical OPEC gathering, Saudi Arabia and Russia are set to meet in Vienna for a make-or-break preparatory meeting on Wednesday that’s going to set the direction for the oil market. The stakes are high after crude prices suffered their largest monthly drop since the global financial crisis in November, and politicians from U.S. President Donald Trump to French President Emmanuel Macron have called on OPEC to keep energy prices in check. Saudi Energy Minister Khalid Al-Falih on Tuesday cautioned an output deal wasn’t done -- at least not yet. In an interview with Bloomberg, Al-Falih said that it was “premature” to say that the OPEC+ group, which includes allies such as Russia and Kazakhstan, will agree to cut output. His comments were less bullish than last month’s statements in Abu Dhabi when he called for 1 million barrels a day of production cuts. Crude gave up much of its gains on Tuesday following his comments. The opportunity for countries to put their cards on the table comes on Wednesday at the Joint Ministerial Monitoring Committee, the panel that oversees the 2016 deal between OPEC and itsallies.

  2. PreciousMetals

  3. CapitalStars Financial Research Pvt.,Ltd., 2 SEBI Registration Number:INA000001647 MCXDailyReport 05 DEC2018

  4. Pick for theDAY

  5. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 05 DEC2018 • MCX Crude on Friday as seen in the Daily chart opened at 3606 levels and made day Low of 3606 Levels. During this period Crude High is 3790 levels and finally closed at 3727 levels. Now, there are chances of up movement technically & fundamentally. • The stakes are high after crude prices suffered their largest monthly drop since the global financial crisis in November, and politicians from U.S. President Donald Trump to French President Emmanuel Macron have called on OPEC to keep energy prices incheck. • The opportunity for countries to put their cards on the table comes on Wednesday at the Joint Ministerial Monitoring Committee, the panel that oversees the 2016 deal between OPEC and itsallies. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3725 LEVELS FOR TARGET OF 3690/3680 WITH SL 3776 OF LEVELS.

  6. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 05 DEC2018 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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