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Daily MCX Report

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Daily MCX Report

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 08Aug2018 NewsHighlights Gold steady as dollar softens versus stabilizingyuan. Gold prices were steady early on Wednesday, after rising in the previous session, as the U.S. dollar softened against China's yuan and the euro. Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines. The European Parliament has agreed to ease tough new liquidity rules for banks trading gold, marking a success for the London Bullion Market Association's (LBMA) campaign to revise theplans. Copper prices are likely to rebound against the backdrop of resilient infrastructure construction inChina. Copper lost some early gains and closed at $6,150/mt in LME on Tuesday. The SHFE October contract turned to the most liquid overnight. Copper prices are likely to rebound against the backdrop of resilient infrastructure construction in China. We expect LME copper to trade at $6,160-6,210/mt today with the SHFE 1810 contract at 49,300-49,800 yuan/mt. Spot premiums are seen at 60-100yuan/mt. Nickel rebound as a weakened US dollar and low stocks at SHFE warehouses accounted for the increase. Given low-level inventory of nickel across LME warehouses, LME nickel rebounded to around the daily moving average to a high of $13,890/mt. Pressure was at the $13,900/mt level. LME inventory continued to shrink 372 mt to 251,466 mt. The SHFE 1811 contract received support at the 40-day moving average and gained over 1% from Monday to close at 113,240 yuan/mt. A weakened US dollar and low stocks at SHFE warehouses accounted for the increase. We expect the contract to trade at 112,500-114,000 yuan/mt with LME nickel hovering at $13,900/mt today. Spot prices are set at 112,000-114,500 yuan/mt. Oil prices steady on falling U.S. crude stocks, Iransanctions. Oil prices held steady on Wednesday, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. The U.S. government introduced a raft of new sanctions against Iran on Tuesday, targeting Iran's purchases of U.S. dollars - in which oil istraded - metals trading, coal, industrial software and its auto sector. November, Washington will also target Iran's petroleum sector. Beyond the sanctions, the oil market was focusing on the U.S. market, where the American Petroleum Institute said on Tuesday that crude inventories fell by 6 million barrels in the week to Aug. 3 to 407.2 million. U.S. fuel storage data is due to be released lateronWednesdaybytheEnergyInformationAdministration(EIA).Shipmentsintotheworld's

  2. biggest importer of crude came in at 36.02 million tonnes last month, or 8.48 million bpd, upfrom 8.18 million bpd a year ago, and just up on June's 8.36 million bpd, data from the General Administration of Customsshowed.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 08Aug2018 PreciousMetals CS GOLD (OCT)OVERVIEW: TREND : SIDEWAYS RESIST 2:29790 RESIST 1:29690 SUP 1:29550 SUP 2: 29450 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (SEP) OVERVIEW: TREND :SIDEWAYS RESIST 2:38300 RESIST 1:38150 SUP 1: 37750 SUP 2: 37600 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:422.50 RESIST 1:420.50 SUP 1: 416.00 SUP 2: 414.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST 2:965.00 RESIST 1:958.00 SUP 1: 940.00 SUP 2: 932.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST 2:182.50 RESIST 1:181.50 SUP 1:179.00 SUP 2: 177.50 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:148.50 RESIST 1:147.50 SUP 1:145.50 SUP 2: 144.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (AUG) OVERVIEW: TREND :BEARISH RESIST 2:142.00 RESIST 1:140.50 SUP 1:138.50 SUP 2:137.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (AUG)OVERVIEW: TREND :BEARISH RESIST 2:4830 RESIST 1:4790 SUP 1:4730 SUP 2:4700 CS NATURAL GAS (AUG) OVERVIEW: TREND :BULLISH RESIST 2:200.50 RESIST 1:199.50 SUP 1:197.00 SUP 2:195.50

  4. WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744

  5. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 08Aug2018 Pick for theDAY • MCX CRUDE AUG on Monday as seen in the Daily chart opened at 4758 levels and made day low of 4737 levels. During this period crude came up to 4798 levels and finally closed at 4762 levels. Now, there are chances of down movement technically &fundamentally. • Oil rises ahead of renewed U.S. sanctions againstIran. • Much of the northern hemisphere has been gripped by extreme heat this summer, pushing up demand for industrial and residential cooling. • DAILY RECOMMENDATION: SELL MCX CRUDE AUG BELOW 4762 LEVELS FOR TARGET OF 4735/4720 WITH SL 4805 OF LEVELS.

  6. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 08Aug 2018 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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