This Document is regarding Daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 26 NOV 2018
News Highlights
Gold falls as global growth concerns boost dollar.
Gold prices slipped on Friday as investors banked on the safety of the dollar over worries about a
slowdown in the global economy, exacerbated by a sharp decline in oil prices. "Crude prices are down and
that pulls down the buying power of commodity accounts, so people are not buying gold," said George
Gero, managing director at RBC Wealth Management. The dollar was on track to notch its biggest weekly
percentage increase in a month, as markets were rattled by a steep drop in oil prices that suggested global
growth is slowing. The greenback also benefited from a retreat in the euro, which slumped half a percent
following a Purchasing Managers Index (PMI) survey that showed business growth in the euro zone had
slowed much faster than expected this month. Gold, a traditional safe store of value during times of political
and economic uncertainty, has lost out to the dollar this year, with the metal having fallen more than 10
percent from a peak in April against the backdrop of a U.S.- China trade tussle.
Development of China-US trade conflict will remain in focus in the near run.
The SHFE 1901 contract fell into negative territory and closed at 49,400 yuan/mt after it extended overnight
gains to the day’s highs of 49,820 yuan/mt. This sent the contract to the range between the middle and
lower Bollinger bands, posting a four-day losing streak. Support came from the 10-day moving average with
converging KDJ lines. Market participants tonight should monitor if the contract can hang on to the 10-day
moving average at 49,368 yuan/mt.
Refined nickel inventories in east China had piled up for three consecutive weeks.
The SHFE 1901 contract extended overnight decline to the lowest in close to one year at 87,660 yuan/mt
before some 15,000-lot short-covering pushed the contract up to close at 88,490 yuan/mt. KDJ lines
converged and MACD green bar extended. Market participants should monitor whether the contract can
hold on to the 88,000 yuan/mt level tonight.
Oil plunges nearly 8 pct despite talk of output cut.
Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh
consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting
output. Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of
unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries
is expected to start trimming output after a meeting on Dec. 6. But this has done little so far to prop up
prices, which have dropped more than 20 percent so far in November, in a seven-week streak of losses.
Prices were on course for their biggest one-month decline since late 2014. A trade war between the world's
two biggest economies and oil consumers, the United States and China, has weighed upon the market.
"The market is pricing in an economic slowdown - they are anticipating that the Chinese trade talks are not
going to go well," said Phil Flynn, an analyst at Price Futures Group in Chicago, referring to expected talks
next week between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G20
summit in Buenos Aires. Market

2. doesn't believe that OPEC is going to be able to act swiftly enough to offset the coming slowdown in
demand," Flynn said.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 26 NOV 2018
Precious Metals
CS GOLD (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 30700
RESIST 1: 30600
SUP 1:30400
SUP 2:30300
WWW.CAPITALSTARS.COM
+919977499927
CS SILVER (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 36400
RESIST 1: 36200
SUP 1: 36050
SUP 2: 35775
WWW.CAPITALSTARS.COM
+919977499927
Base Metals
CS COPPER (NOV) OVERVIEW:
TREND : BEARISH RESIST
2:440.00
RESIST 1:434.00
SUP 1: 428.00
SUP 2: 422.00
WWW.CAPITALSTARS.COM
+919977499927
CS NICKEL (NOV) OVERVIEW:
TREND : BEARISH RESIST
2: 775.00
RESIST 1: 765.00
SUP 1: 750.00
SUP 2: 745.00
WWW.CAPITALSTARS.COM
+919977499927
CS ZINC (NOV) OVERVIEW:
TREND : SIDEWAYS RESIST
2:185.00
RESIST 1:183.00
SUP 1: 180.50
SUP 2: 178.50
WWW.CAPITALSTARS.COM
+919977499927
CS LEAD (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 140.00
RESIST 1: 138.00
SUP 1: 136.00
SUP 2: 134.00
WWW.CAPITALSTARS.COM
+919977499927
CS ALUMINIUM (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 137.00
RESIST 1: 136.50
SUP 1: 135.00
SUP 2: 134.00
WWW.CAPITALSTARS.COM +919977499927
Energies
CS CRUDE OIL (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 3700
RESIST 1: 3650
SUP 1: 3570
SUP 2: 3520
WWW.CAPITALSTARS.COM
+919977499927
CS NATURAL GAS (NOV) OVERVIEW:
TREND : BULLISH
RESIST 2: 310.00
RESIST 1: 307.00
SUP 1: 303.00
SUP 2: 297.00
WWW.CAPITALSTARS.COM
+919977499927

5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 26 NOV 2018
Pick for the DAY
MCX Crude on Friday as seen in the Daily chart opened at 3892 levels and
made day Low of 3810 Levels. During this period Crude High is 3903 levels
and finally closed at 3823 levels. Now, there are chances of down movement
technically & fundamentally.
Oil prices slumped up to nearly 8 percent to the lowest in more than a year on
Friday, posting the seventh consecutive weekly loss, amid intensifying fears of
a supply glut even as major producers consider cutting output.
Oil supply, led by U.S. producers, is growing faster than demand and to
prevent a build-up of unused fuel such as the one that emerged in 2015, the
Organization of the Petroleum Exporting Countries is expected to start
trimming output after a meeting on Dec. 6.
DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3600
LEVELS FOR TARGET OF 3570/3550 WITH SL 3652 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 26 NOV 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 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 Forex
Trading Tips Stock Market Tips Share
Tips Expert
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@capiltalstars.in

7. Report Is Checked By Investment Advisor: