MCX LEAD APR on WEDNESDAY as seen in the Daily chart opened at 137.50 levels and made day low of 134.80 Levels. During this period LEAD APR High is 137.50 levels and finally closed at 134.95 levels. Now, there are chances of down movement technically & fundamentally.

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MCX Daily Report 11TH
APR 2019
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News Highlights
BULLION - Bullion counter may witness some profit booking at higher levels. Gold on Thursday
hovered near a two-week peak touched in the previous session, as the dollar struggled after the
U.S. Federal Reserve and the European Central Bank signaled steady interest rates amid a slowing
global economy. The dollar held near two-week lows as Fed minutes reinforced dovish policy
expectations while the pound held recent ranges after European leaders extended the deadline
for Britain to leave the union, averting a no-deal Brexit. The Fed is likely to leave interest rates
unchanged this year given risks to the U.S. economy from a global slowdown and uncertainty over
trade policies and financial conditions, according to the minutes from its March 19-20 policy
meeting. U.S. consumer prices increased by the most in 14 months in March, but the underlying
inflation trend remained benign amid slowing domestic and global economic growth. European
Union leaders agreed to grant British Prime Minister Theresa May a new Brexit deadline of Oct.
31, officials said, after French President Emmanuel Macron opposed efforts to give her another
year.
ENERGY- Crude oil may trade lower as oil prices fell on Thursday after U.S. crude stockpiles
surged to their highest levels in almost 17 months amid record production. U.S. crude inventories
rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017,
the Energy Information Administration said on Wednesday. U.S. crude oil production EIA
remained at a record 12.2 million barrels per day (bpd), making the United States the world’s
biggest oil producer ahead of Russia and Saudi Arabia. Despite this growth in U.S. supply, global
oil markets remain tight amid 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. Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and
blackouts, with production plunging to 960,000 bpd in March, a drop of almost 500,000 bpd from
February. U.S. natural gas futures gained less than a penny on Wednesday as declining output
offset forecasts for cooler weather and less heating demand next week.
BASE METAL - Base metals prices may trade with negative bias. London copper on Thursday was
almost unchanged, as support from progressing U.S.-China trade talks was countered by rising
supply and concerns about a global slowdown. Copper stockpiles in warehouses monitored by the
Shanghai Futures Exchange stayed at 257,320 tonnes by the end of last week, up from around
100,000 tonnes at the beginning of this year. Chinese miner MMG Ltd has sent some supplies and
personnel to its copper mine Las Bambas after protesters in Peru partially suspended their two-
month road blockades, a company source said on Wednesday. Chile’s Codelco, the world’s
biggest copper producer, is set to shell out $40 billion in 10 years to overhaul its century-old
Chuquicamata and El Teniente mines.

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MCX Daily Report 11TH
APR 2019
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CS GOLD (JUN) OVERVIEW:
TREND : BULLISH
RESIST 2: 32400
RESIST 1: 32300
SUP 1: 32100
SUP 2: 32000
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (MAY) OVERVIEW:
TREND : BULLISH
RESIST 2: 38000
RESIST 1: 37970
SUP 1: 37700
SUP 2: 37500
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 452.00
RESIST 1: 450.00
SUP 1: 445.00
SUP 2: 443.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 924.00
RESIST 1: 918.00
SUP 1: 909.00
SUP 2: 905.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (APR) OVERVIEW:
TREND : BULLISH
RESIST 2: 226.00
RESIST 1: 225.00
SUP 1: 224.00
SUP 2: 222.00
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CS LEAD (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 138.00
RESIST 1: 136.00
SUP 1: 134.00
SUP 2: 133.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 148.00
RESIST 1: 147.00
SUP 1: 146.00
SUP 2: 145.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (APR) OVERVIEW:
TREND : BULLISH
RESIST 2: 4510
RESIST 1:4490
SUP 1: 4445
SUP 2: 4410
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 190.00
RESIST 1: 189.00
SUP 1: 186.00
SUP 2: 185.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

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SEBI Registration Number: INA000001647
MCX Daily Report 11TH
APR 2019
3
Pick for the DAY
MCX LEAD APR on WEDNESDAY as seen in the Daily chart opened at 137.50 levels and made
day low of 134.80 Levels. During this period LEAD APR High is 137.50 levels and finally
closed at 134.95 levels. Now, there are chances of down movement technically &
fundamentally.
DAILY RECOMMENDATION: SELL MCX LEAD APR BELOW 134.70 LEVELS FOR TARGET
OF 133.50/132.50 WITH SL 136 OF LEVELS.

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SEBI Registration Number: INA000001647
MCX Daily Report 11TH
APR 2019
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