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Capitalstars MCX Daily Report 30 May 2019

Bullion counter may trade with sideways to negative bias. Gold prices were steady<br>on Thursday as the dollar hovered near a two year high, impeding the support from an<br>exacerbated Sino-U.S.

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Capitalstars MCX Daily Report 30 May 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 30TH MAY 2019 News Highlights BULLION - Bullion counter may trade with sideways to negative bias. Gold prices were steady on Thursday as the dollar hovered near a two year high, impeding the support from an exacerbated Sino-U.S. trade war bringing back doubts about global economic growth. The dollar held steady against its key rivals on Thursday as escalating Sino-U.S. trade tensions forced investors into the shelter of safe-haven assets, including government bonds and gold. The U.S. Defense Department is now seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier. China’s Huawei Technologies Co Ltd has filed a legal motion seeking to declare a U.S. defense law unconstitutional, in the telecom equipment maker’s latest bid to fight sanctions from Washington that threaten to push it out of global markets. ENERGY- Crude oil may witness level buying as oil prices climbed on Thursday after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations. U.S. crude inventories declined by 5.3 million barrels in the week to May 24 to 474.4 million, data from industry group the American Petroleum Institute showed. Weekly U.S. oil inventory data has been delayed by Monday’s Memorial Day holiday, with the government’s report due today. Iranian May crude exports fell to less than half of April levels at around 400,000 barrels per day (bpd), tanker data showed and two industry sources said, after the United States tightened sanctions on Tehran’s main source of income. Many expect supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to be extended in a meeting next month. U.S. utilities likely injected a marginally larger-than- normal 101 billion cubic feet (bcf) of natural gas into storage last week as production held near record levels. BASE METAL - Base metals may trade with slightly negative bias. Copper prices on the London Metal Exchange (LME), on Thursday, hovered around the five-month lows hit in the previous session, as trade dispute between the United States and China showed few signs of abating. The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China as media reports said Beijing was standing ready to use rare earths to strike back at Washington. Three unions of Chilean state- run miner Codelco’s giant Chuquicamata mine rejected the company’s final offer for a new contract on Wednesday and approved a strike, according to a union leader. The global zinc market saw a deficit of 44,500 tonnes in March, compared with a surplus of 27,600 tonnes in February, latest data from the International Lead and Zinc Study Group (ILZSG) showed.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 30TH MAY 2019 Precious Metals CS GOLD (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 32000 RESIST 1: 31800 SUP 1: 31600 SUP 2: 31500 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (JUL) OVERVIEW: TREND : SIDEWAYS RESIST 2: 36500 RESIST 1: 36400 SUP 1: 36100 SUP 2: 35900 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 418.00 RESIST 1: 416.00 SUP 1: 412.00 SUP 2: 410.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 850.00 RESIST 1: 845.00 SUP 1: 836.00 SUP 2: 832.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 214.00 RESIST 1: 212.00 SUP 1: 209.00 SUP 2: 207.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 128.00 RESIST 1: 127.00 SUP 1: 125.00 SUP 2: 124.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 146.00 RESIST 1: 144.00 SUP 1: 143.00 SUP 2: 142.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (JUN) OVERVIEW: TREND : BEARISH RESIST 2: 4220 RESIST 1:4170 SUP 1: 4020 SUP 2: 3930 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (JUN) OVERVIEW: TREND : BULLISH RESIST 2: 189.00 RESIST 1: 187.00 SUP 1: 182.00 SUP 2: 179.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 30TH MAY 2019 Pick for the DAY MCX LEAD MAY on WEDNESDAY as seen in the Daily chart opened at 125.30 levels and made day low of 124.85 Levels. During this period LEAD MAY High is 127.05 levels and finally closed at 126.50 levels. Now, there are chances of up movement technically & fundamentally. DAILY RECOMMENDATION: BUY MCX LEAD MAY ABOVE 126.30 LEVELS FOR TARGET OF 127.30/128.30 WITH SL 125 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 30TH MAY 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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