This Document is Regarding Daily Mcx report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 06 DEC 2018
News Highlights
Gold inches higher a s dollar dips amid risk aversion.
U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian
authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning
fears of further tensions between China and the United States. MKTS/GLOB The dollar,
which has enjoyed an unrivalled surge against its peers this year, will be undermined in
2019 on increasing concerns about slowing U.S. economic growth, a Reuters poll of
foreign exchange strategists showed. Tariff-driven price increases have spread more
broadly through the U.S. economy, though on balance inflation has risen at a modest pace
in most parts of the country, the Federal Reserve said on Wednesday in its latest report on
the economy. China expressed confidence on Wednesday that it can reach a trade deal
with the United States, a sentiment echoed by U.S. President Donald Trump a day after he
warned of more tariffs if the two sides could not resolve their differences.
In the physical market, sellers were reluctant to offload cargoes and these
tightened supplies across the market.
London copper rebounded to close at $6,193.5/mt overnight as shorts cut their bets after the
contract fell to a low of $6,158.5/mt. LME copper snapped a four-day losing streak and came
under pressure at the five- and 10-day moving averages. With a lower open, the SHFE 1902
contract fluctuated to close at 49,310 yuan/mt overnight. This lowered it below all short-term
moving averages and the middle Bollinger band. Open interest for the SHFE copper complex
decreased below 500,000 lots, reflecting limited confidence among investors. LME copper is
expected to trade at $6,140-6,190/mt today with the SHFE 1902 contract at 49,100-49,400
yuan/mt. Spot premiums are seen at 130-300 yuan/mt. In the physical market, sellers were
reluctant to offload cargoes and these tightened supplies across the market.
Investors remained cautious on lingering concerns over US-China trade.
London nickel rebounded from earlier lows and closed at $11,220/mt overnight. After initially
falling to a low of 90,250 yuan/mt, the SHFE 1901 contract clawed back losses and ended at
91,250 yuan/mt overnight. Investors remained cautious on lingering concerns over US-China
trade. LME nickel is likely to hover around at $11,100/mt today with the SHFE 1901 contract
at 90,000-91,500 yuan/mt. Spot prices are seen at 90,500-99,000 yuan/mt.
Oil prices dip a s stock markets slide, but trading tepid ahead of OPEC meeting.
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a
meeting by producer group OPEC that is expected to result in a supply cut aimed at draining
a glut that has pulled down crude prices by 30 percent since October. Traders said oil prices
were being weighed down by weak global financial markets, which saw stock markets tumble
on Thursday. Early October, crude oil has lost around 30 percent of its value amid surging
supply and fears that an economic downturn will erode fuel demand. The Organization of the
Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on
Thursday to decide its production policy. Led by Saudi Arabia, OPEC's crude oil production

2. PRODN-TOTAL has risen by 4.1 percent since mid-2018, to 33.31 million barrels per day
(bpd). Oil output from the world's biggest producers - OPEC, Russia and the United States -
has increased by a 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting
almost 60 percent of global consumption. PRODN-TOTAL C-RU-OUT C-OUT-T-EIA.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 06 DEC 2018
Precious Metals
CS GOLD (FEB) OVERVIEW:
TREND : BULLISH
RESIST 2: 31400
RESIST 1: 31300
SUP 1: 31100
SUP 2: 30000
WWW.CAPITALSTARS.COM
+919977499927
CS SILVER (MAR) OVERVIEW:
TREND : BULLISH
RESIST 2: 37700
RESIST 1: 37500
SUP 1: 37200
SUP 2: 37000
WWW.CAPITALSTARS.COM
+919977499927
Base
MetalsCS COPPER (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2:446.00
RESIST 1:442.00
SUP 1: 434.00
SUP 2: 430.00
WWW.CAPITALSTARS.COM
+919977499927
CS NICKEL (NOV) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 800.00
RESIST 1: 790.00
SUP 1: 780.00
SUP 2: 770.00
WWW.CAPITALSTARS.COM
+919977499927
CS ZINC (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2:190.00
RESIST 1:188.00
SUP 1: 185.00
SUP 2: 183.00
WWW.CAPITALSTARS.COM
+919977499927
CS LEAD (NOV) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 143.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 136.00
WWW.CAPITALSTARS.COM
+919977499927
CS ALUMINIUM (NOV) OVERVIEW:
TREND : SIDEWAYS RESIST
2: 142.00
RESIST 1: 140.50
SUP 1: 139.00
SUP 2: 138.00
WWW.CAPITALSTARS.COM +919977499927
Energies
CS CRUDE OIL (DEC) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 3850
RESIST 1: 3800
SUP 1: 3750
SUP 2: 3700
WWW.CAPITALSTARS.COM
+919977499927
CS NATURAL GAS (DEC) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 325.00
RESIST 1: 320.00
SUP 1: 315.00
SUP 2: 310.00
WWW.CAPITALSTARS.COM
+919977499927

5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 06 DEC 2018
Pick for the DAY
MCX Crude on Friday as seen in the Daily chart opened at 3765
levels and made day low of 3692 Levels. During this period Crude
High is 3852 levels and finally closed at 3802 levels. Now, there are
chances of up movement technically & fundamentally.
Oil prices fell along with weak stock markets on Thursday, but
trading was tepid ahead of a meeting by producer group OPEC that
is expected to result in a supply cut aimed at draining a glut that
has pulled down crude prices by 30 percent since October.
Traders said oil prices were being weighed down by weak global
financial markets, which saw stock markets tumble on Thursday.
DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW
3724 LEVELS FOR TARGET OF 3705/3680 WITH SL 3776 OF
LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 06 DEC 2018
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