MCX LEAD APR on THRUSDAY as seen in the Daily chart opened at 135.05 levels and made day low of 132.35 Levels. During this period LEAD APR High is 135.25 levels and finally closed at 132.50 levels. Now, there are chances of down movement technically & fundamentally.

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MCX Daily Report 12TH
APR 2019
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News Highlights
BULLION - Bullion counter may witness some lower level buying after the yesterday sharp fall.
Gold prices steadied on Friday, having posted their biggest daily decline in two weeks in the
previous session after robust U.S. economic data lifted the dollar. The dollar held firm on
Friday after strong U.S. labour and inflation data soothed concerns about the world’s largest
economy, while falling oil prices weighed on commodity-linked currencies such as the
Canadian and Australian dollars. The number of Americans filing applications for
unemployment benefits fell to a 49-1/2-year low last week, pointing to sustained labor market
strength that could temper expectations of a sharp slowdown in economic growth. U.S.
President Donald Trump on Thursday expressed a willingness to hold a third summit with
North Korean leader Kim Jong Un but said in talks with South Korean President Moon Jae-in
that Washington would leave sanctions in place on Pyongyang.
ENERGY- Crude oil may trade higher as oil prices were firm on Friday, supported by ongoing
supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and
Venezuela. Oil markets have been pushed up by more than a third this year by supply cuts led
by the Organization of the Petroleum Exporting Countries (OPEC), U.S. sanctions on oil
exporters Iran and Venezuela, and escalating fighting in Libya. Production in Venezuela has
been plunging as the U.S. sanctions add to a deep economic and political crisis, while the U.S.
government is expected to tighten oil sanctions against Iran in May. OPEC and its allies will
meet in June to decide whether to continue withholding supply, and while OPEC’s de-facto
leader, Saudi Arabia, is seen to be keen to continue cutting, sources with the group said it may
raise output from July if disruptions elsewhere continue.
BASE METAL - Base metals prices may trade with sideways bias. London copper prices edged
up on Friday amid a weaker U.S. dollar, while nickel contracts in both London and Shanghai
fell despite analyst warnings of supply shortages. The dollar was down against a basket of
major currencies on Friday, making it cheaper for buyers using other currencies to purchase
greenback-denominated metals. The global nickel market will face grave supply shortages
unless key Chinese-led projects in Indonesia come online in a timely manner, analysts said on
Thursday. London nickel fell 0.6 percent, after declining 1.9 percent in the previous session in
its biggest drop in four weeks. Shanghai nickel declined 2.4 percent. LME nickel inventory
continued to hover around its lowest level since 2013, while on-warrant nickel inventory in
warehouses tracked by ShFE stayed around its lowest since 2015.

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MCX Daily Report 12TH
APR 2019
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CS GOLD (JUN) OVERVIEW:
TREND : BEARISH
RESIST 2: 32400
RESIST 1: 32100
SUP 1: 31600
SUP 2: 31400
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CS SILVER (MAY) OVERVIEW:
TREND : BEARISH
RESIST 2: 38000
RESIST 1: 37500
SUP 1: 36600
SUP 2: 36300
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Base Metals
CS COPPER (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 450.00
RESIST 1: 445.00
SUP 1: 440.00
SUP 2: 437.00
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CS NICKEL (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 920.00
RESIST 1: 906.00
SUP 1: 884.00
SUP 2: 874.00
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CS ZINC (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 237.00
RESIST 1: 231.00
SUP 1: 220.00
SUP 2: 216.00
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CS LEAD (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 136.00
RESIST 1: 134.00
SUP 1: 132.00
SUP 2: 130.00
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CS ALUMINIUM (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 148.00
RESIST 1: 147.00
SUP 1: 146.00
SUP 2: 145.00
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Energy
CS CRUDE OIL (APR) OVERVIEW:
TREND : BULLISH
RESIST 2: 4500
RESIST 1:4440
SUP 1: 4360
SUP 2: 4320
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 190.00
RESIST 1: 186.00
SUP 1: 182.00
SUP 2: 181.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

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SEBI Registration Number: INA000001647
MCX Daily Report 12TH
APR 2019
3
Pick for the DAY
MCX LEAD APR on THRUSDAY as seen in the Daily chart opened at 135.05 levels and made
day low of 132.35 Levels. During this period LEAD APR High is 135.25 levels and finally
closed at 132.50 levels. Now, there are chances of down movement technically &
fundamentally.
DAILY RECOMMENDATION: SELL MCX LEAD APR BELOW 132.75 LEVELS FOR TARGET
OF 131.75/130.50 WITH SL 134 OF LEVELS.

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SEBI Registration Number: INA000001647
MCX Daily Report 12TH
APR 2019
4
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