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Capitalstars MCX Daily Report 13 June 2019

Gold prices are holding at decent gains despite the dollar trading in a range against<br>its major crosses. Consumer inflation grew at a slower pace but failed to have major impact on<br>the greenback

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Capitalstars MCX Daily Report 13 June 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 13TH JUNE 2019 News Highlights BULLION - Gold prices are holding at decent gains despite the dollar trading in a range against its major crosses. Consumer inflation grew at a slower pace but failed to have major impact on the greenback. The CPI rose 0.1% in May after a 0.3% rise in April, also on the domestic front inflation rose 3.05% as against the previous number of 2.99%. Yellow metal is getting support on lower levels as dispute between US and China remains unresolved. If there is no constructive resolution between the two leaders at the G20, the metal could further gain momentum as investors will look out for fresh safe haven buying. On the recent tussle, President Trump highlighted the point that use of tariffs is a part of his strategy and unless China does not agree on few major points the trade talks are going nowhere. President Trump keeps showing optimism on the same yet the deal keeps on getting extended and chaotic. Holdings of SPDR Gold Trust rose 0.5% to 759.70 tonnes on Wednesday from 756.18 tonnes on Tuesday. ENERGY- Oil prices steadied in morning after plunging 4% in yesterday’s session to nearly five- month lows as a result of further buildup in crude stockpiles and worries about lower demand growth. EIA reported another build in inventories at 2.2 million barrels. EIA data also showed that gasoline inventories rose by 800,000 barrels against the expectations for a supply decrease of 3,80,000 while distillate stockpiles declined by 1 million barrels last week against expectation for a climb of 7,04,000. Alongside concerns about rising supply, ongoing trade tensions between the United States and China, the world's two biggest oil consumers, weighed on prices. U.S. President Donald Trump reported he was holding up a trade deal with China. To add to the bearish sentiments, EIA short term outlooks forecasts shows that it estimates 2019 U.S. crude production of 12.32 million bpd, down 1% from May forecast. It also cut its 2020 output view by 0.9% to 13.26 Mbpd. For 2019, it lowered its WTI crude price outlook by 5.6% to $59.29 a barrel for WTI. BASE METAL - Base metals are trading sideways over the last couple of session as lack of progress in resolving the U.S.-China trade tension continued to weigh on prices. But prices were cushioned by expectation of an interest rate cut by the U.S. Fed in the backdrop of slowing growth. Rapidly rising nickel supplies and slowing demand from stainless steel mills are weighing on prices of the metal, which are likely to come under further pressure this year as deficits disappear. China's iron ore were under pressure after surging to record highs last week, but expectations of tight supply and brisk demand were seen intact, limiting the downside which will support Zinc and nickel prices. Providing additional support to prices was the demand outlook for steelmaking ingredients as China may roll out more infrastructure projects to support its slowing economy.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 13TH JUNE 2019 Precious Metals CS GOLD (AUG) OVERVIEW: TREND : BULLISH RESIST 2: 32900 RESIST 1: 32800 SUP 1: 32600 SUP 2: 32500 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (JUL) OVERVIEW: TREND : SIDEWAYS RESIST 2: 37000 RESIST 1: 36900 SUP 1: 36600 SUP 2: 36500 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 412.00 RESIST 1: 410.00 SUP 1: 405.00 SUP 2: 403.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 875.00 RESIST 1: 870.00 SUP 1: 860.00 SUP 2: 855.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 209.00 RESIST 1: 207.00 SUP 1: 205.00 SUP 2: 204.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (JUN) OVERVIEW: TREND : BULLISH RESIST 2: 156.00 RESIST 1: 155.00 SUP 1: 154.00 SUP 2: 153.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 144.00 RESIST 1: 143.00 SUP 1: 142.00 SUP 2: 141.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (JUN) OVERVIEW: TREND : BEARISH RESIST 2: 3730 RESIST 1:3670 SUP 1: 3550 SUP 2: 3500 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (JUN) OVERVIEW: TREND : BEARISH RESIST 2: 168.00 RESIST 1: 167.00 SUP 1: 165.00 SUP 2: 163.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 13TH JUNE 2019 Pick for the DAY MCX CRUDE OIL JUN on WEDNESDAY as seen in the Daily chart opened at 3688.00 levels and made day low of 3572.00 Levels. During this period CRUDE OIL JUN High is 3688.00 levels and finally closed at 3596.00 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX CRUDE OIL JUN BELOW 3555 LEVELS FOR TARGET OF 3505/3455 WITH SL 3620 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 13TH JUNE 2019 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 financial adviser. 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 all Rights. CONTACT US BRANCH OFFICE Capitalstars Financial Research Private Limited PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor:

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