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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 17Aug2018 NewsHighlights Gold regains strength amid planned U.S., China tradetalks. Spot gold prices bounced from 19-month lows on Thursday, as the U.S. dollar slipped on news that China and the United States will hold trade talks this month, although sentiment remained negative. Gold futures settled slightly down as the U.S. dollar came off its lows laterinthetradingsession,yetremainednegative.SpotgoldXAU=gained0.3percentat $1,177.80 an ounce by 1:39 p.m. EDT (1739 GMT), from an earlier low of $1,159.96, it’s weakestsinceJanuarylastyear.U.S.goldfuturesGCcv1forDecemberdeliverysettleddown $1, or 0.1 percent, at $1,184 per ounce. Auto catalyst metal platinum is oversupplied. South Africa, the world's top platinum producer, saw its rand currency ZAR= hit a two-year low due to contagion from the Turkish lira earlier this week. A lower rand cuts costs for South African miners when expressed in dollars, which means they can keep producing and delaying the process of rebalancing themarket. Copper Tumbles into a BearMarket. While the risk of a strike at BHP’s Escondido copper mine in Chile has temporarily wound down, the movement of Chinese yuan and the performance of Chinese economy would be key. Spot premiums are seen higher at 100-140 yuan/mt today given the early tumbles in futures prices. The euro zone’s surplus for goods traded with the rest of the world fell by less than forecast in June, suggesting the bloc may be weathering international trade frictions better than expected. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 212,000 for the week ended August 11, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported. Decreasing inventories and upbeat fundamentals in China also buoyed nickelprices. LMEnickeljumpedpast$13,400/mtbeforeitmetpressureat$13,500/mtandclosedat $13,340/mt on Thursday. The SHFE 1811 contract climbed to 111,450 yuan/mt before it edged down, hovering around the daily moving average, and closed at 110,620 yuan/mt overnight. Decreasing inventories and upbeat fundamentals in China also buoyed nickel prices.Weexpectthepricestoextendtheirgainstoday.LMEnickelislikelytohoveraround $13,000/mt today and the SHFE 1811 contract is expected to trade at 110,000-111,500 yuan/mt with spot prices at 109,000-111,000yuan/mt. Oil prices slip amid fears over global economicgrowth. Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. China and the United States have implemented several rounds of trade tariffs and threatened further duties on exports worth hundreds of billions of dollars, which could knock global economic growth.At the same time, the crisis gripping the Turkish lira has rattled emerging markets and reverberated across equities, bondsandrawmaterials.U.S.dataonWednesdayshowedcrudeoutputC-OUT-T-EIAroseby

  2. 100,000 barrels per day to 10.9 million bpd in the week ending Aug. 10.Crude inventories C- STK-T-EIA increased by 6.8 million barrels, representing the largest weekly rise since March lastyear.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 17Aug2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 29950 RESIST 1: 29850 SUP1:29350 SUP 2:29250 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 37500 RESIST 1: 37350 SUP 1: 36950 SUP 2: 36800 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (AUG) OVERVIEW: TREND : BEARISH RESIST2:422.00 RESIST1:418.00 SUP 1: 407.00 SUP 2: 403.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST 2:950.00 RESIST 1:946.00 SUP 1: 935.00 SUP 2: 927.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST2:175.00 RESIST 1:172.50 SUP 1:168.00 SUP 2: 166.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (AUG) OVERVIEW: TREND : BEARISH RESIST 2:146.00 RESIST 1:144.00 SUP 1:142.00 SUP 2: 139.50 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:145.00 RESIST 1:144.00 SUP 1:143.00 SUP 2:142.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (AUG)OVERVIEW: TREND :BEARISH RESIST 2:4650 RESIST 1:4620 SUP 1:4590 SUP 2: 4540 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (AUG) OVERVIEW: TREND :BULLISH RESIST 2:210.00 RESIST 1:208.50 SUP 1:205.50 SUP 2: 203.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 17Aug2018 Pick for theDAY • MCX NICKEL AUG on Thursday as seen in the Daily chart opened at 934 levels and made day High of 945 levels. During this period Nickel came down to 915 levels and finally closed at 930.30 levels. Now, there are chances of up movement technically &fundamentally. • Decreasing inventories and upbeat fundamentals in China also buoyed nickel prices. • LME nickel jumped past $13,400/mt before it met pressureat • $13,500/mt and closed at $13,340/mt onThursday. DAILY RECOMMENDATION: BUY MCX NICKEL AUGABOVE 934.50 LEVELS FOR TARGET OF 942.50/955.50 WITH SL 926.50 OFLEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 17Aug 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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