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Mcx daily report 6 dec 2018

This Document is Regarding Daily Mcx report.

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Mcx daily report 6 dec 2018

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 06 DEC2018 NewsHighlights Gold inches higher as dollar dipsamid risk aversion. U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States. MKTS/GLOB The dollar, which has enjoyed an unrivalled surge against its peers this year, will be undermined in 2019 on increasing concerns about slowing U.S. economic growth, a Reuters poll of foreign exchange strategists showed. Tariff-driven price increases have spread more broadlythroughtheU.S.economy,thoughonbalanceinflationhasrisenatamodestpace inmostpartsofthecountry,theFederalReservesaidonWednesdayinitslatestreporton the economy. China expressed confidence on Wednesday that it can reach a trade deal withtheUnitedStates,asentimentechoedbyU.S.PresidentDonaldTrumpadayafterhe warnedofmoretariffsifthetwosidescouldnotresolvetheirdifferences. In the physical market, sellers were reluctant to offload cargoes and thesetightened supplies across themarket. Londoncopperreboundedtocloseat$6,193.5/mtovernightasshortscuttheirbetsafterthe contract fell to a low of $6,158.5/mt. LME copper snapped a four-day losing streak and came under pressure at the five- and 10-day moving averages. With a lower open, the SHFE 1902 contractfluctuatedtocloseat49,310yuan/mtovernight.Thislowereditbelowallshort-term moving averages and the middle Bollinger band. Open interest for the SHFE copper complex decreased below 500,000 lots, reflecting limited confidence among investors. LME copper is expected to trade at $6,140-6,190/mt today with the SHFE 1902 contract at 49,100-49,400 yuan/mt. Spot premiums are seen at 130-300 yuan/mt. In the physical market, sellers were reluctanttooffloadcargoesandthesetightenedsuppliesacrossthemarket. Investors remained cautious on lingering concerns over US-Chinatrade. London nickel rebounded from earlier lows and closed at $11,220/mt overnight. After initially falling to a low of 90,250 yuan/mt, the SHFE 1901 contract clawed back losses and ended at 91,250 yuan/mt overnight. Investors remained cautious on lingering concerns over US-China trade. LME nickel is likely to hover around at $11,100/mt today with the SHFE 1901 contract at90,000-91,500yuan/mt.Spotpricesareseenat90,500-99,000yuan/mt. Oilpricesdipasstockmarketsslide,buttradingtepidaheadofOPECmeeting. Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meetingbyproducergroupOPECthatisexpectedtoresult inasupplycutaimedatdraining a glut that has pulled down crude prices by 30 percent since October. Traders said oil prices werebeingweigheddownbyweakglobalfinancialmarkets,whichsawstockmarketstumble on Thursday. Early October, crude oil has lost around 30 percent of its value amid surging supplyandfearsthataneconomicdownturnwillerodefueldemand.TheOrganizationofthe Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on Thursday to decide its production policy. Led by Saudi Arabia, OPEC's crude oilproduction

  2. PRODN-TOTAL has risen by 4.1 percent since mid-2018, to 33.31 million barrels per day (bpd). Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by a 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting almost60percentofglobalconsumption.PRODN-TOTALC-RU-OUTC-OUT-T-EIA.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 06 DEC2018 PreciousMetals CS GOLD (FEB) OVERVIEW: TREND : BULLISH RESIST 2:31400 RESIST 1:31300 SUP1:31100 SUP 2:30000 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (MAR) OVERVIEW: TREND : BULLISH RESIST 2:37700 RESIST 1:37500 SUP 1:37200 SUP 2: 37000 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (FEB) OVERVIEW: TREND : SIDEWAYS RESIST2:446.00 RESIST1:442.00 SUP 1:434.00 SUP 2: 430.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2:800.00 RESIST 1:790.00 SUP 1:780.00 SUP 2: 770.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (DEC) OVERVIEW: TREND : BEARISH RESIST2:190.00 RESIST1:188.00 SUP 1:185.00 SUP 2: 183.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : SIDEWAYS 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 : SIDEWAYS RESIST 2:142.00 RESIST 1:140.50 SUP 1:139.00 SUP 2:138.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (DEC)OVERVIEW: TREND :SIDEWAYS RESIST 2:3850 RESIST 1:3800 SUP 1:3750 SUP 2: 3700 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (DEC)OVERVIEW: TREND :SIDEWAYS RESIST 2:325.00 RESIST 1:320.00 SUP 1:315.00 SUP 2: 310.00 WWW.CAPITALSTARS.COM +919977499927

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 06 DEC2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3765 levels and made day low of 3692 Levels. During this period Crude High is 3852 levels and finally closed at 3802 levels. Now, there are chancesofupmovementtechnically&fundamentally. • Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPECthat is expected to result in a supply cut aimed at draining a glut that haspulleddowncrudepricesby30percentsinceOctober. • Traderssaidoilpriceswerebeingweigheddownbyweakglobal financialmarkets,whichsawstockmarketstumbleonThursday. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3724 LEVELS FOR TARGET OF 3705/3680 WITH SL 3776 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 06 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 analysisanduponsourcesthatweconsiderreliable.Thismaterialisforpersonalinformation 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. CapitalStarsshallnotberesponsibleforanytransactionconductedbasedontheinformation 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 isunderstood 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 marketrisk. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research PrivateLimited Forex Trading Tips Stock MarketTips Share TipsExpert PLOTNO.32,MECHANICNAGAREXTENSION,IDASCHEMENO.54,VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in

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