this document is regarding daily MCX Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 20 Aug 2018
News Highlights
Gold regains strength amid planned U.S., China trade talks.
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 later in the trading session, yet remained
negative. Spot gold XAU= gained 0.3 percent at
$1,177.80 an ounce by 1:39 p.m. EDT (1739 GMT), from an earlier low of $1,159.96, it’s weakest since
January last year. U.S. gold futures GCcv1 for December delivery settled down
$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 the market.
Copper Tumbles into a Bear Market.
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 nickel prices.
LME nickel jumped past $13,400/mt before it met pressure at $13,500/mt and closed at
$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. We expect the prices to extend
their gains today. LME nickel is likely to hover around
$13,000/mt today and the SHFE 1811 contract is expected to trade at 110,000-111,500 yuan/mt with spot
prices at 109,000-111,000 yuan/mt.
Oil prices slip amid fears over global economic growth.
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, bonds and raw materials.U.S. data on Wednesday showed crude output C-OUT-T-EIA rose by

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 last year.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 20 Aug 2018
Precious Metals
CS GOLD (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 29950
RESIST 1: 29850
SUP 1:29350
SUP 2:29250
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CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 37500
RESIST 1: 37350
SUP 1: 36950
SUP 2: 36800
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Base Metals
CS COPPER (AUG) OVERVIEW:
TREND : BEARISH RESIST
2:422.00
RESIST 1:418.00
SUP 1: 407.00
SUP 2: 403.00
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CS NICKEL (AUG) OVERVIEW:
TREND : BULLISH RESIST
2: 950.00
RESIST 1: 946.00
SUP 1: 935.00
SUP 2: 927.00
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CS ZINC (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2:175.00
RESIST 1: 172.50
SUP 1: 168.00
SUP 2: 166.00
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CS LEAD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 146.00
RESIST 1: 144.00
SUP 1: 142.00
SUP 2: 139.50
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CS ALUMINIUM (AUG) OVERVIEW:
TREND : SIDEWAYS RESIST 2:
145.00
RESIST 1: 144.00
SUP 1: 143.00
SUP 2: 142.00
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Energies
CS CRUDE OIL (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 4650
RESIST 1: 4620
SUP 1: 4590
SUP 2: 4540
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CS NATURAL GAS (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 210.00
RESIST 1: 208.50
SUP 1: 205.50
SUP 2: 203.00
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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 20 Aug 2018
Pick for the DAY
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 pressure at
$13,500/mt and closed at $13,340/mt on Thursday.
DAILY RECOMMENDATION: BUY MCX NICKEL AUG ABOVE
934.50 LEVELS FOR TARGET OF 942.50/955.50 WITH SL 926.50 OF
LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 20 Aug 2018
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