this Document is regarding daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report
News Highlights
12 DEC 2018
Gold holds firm on easing rate hike expectations.
Gold prices were steady early on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal
Reserve next year, while palladium traded at a premium to gold. The dollar held near a one-month high against its
peers on Wednesday, supported by a rebound in U.S. yields and weakness of the pound as its battering from
uncertainty about Brexit continued. Asian stock markets edged ahead as U.S. President Donald trump sounded
upbeat about a trade deal with China. China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent
from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for new talks aimed
at easing the bitter trade war between the world's two largest economies. U.S. producer prices unexpectedly rose in
November as increases in the costs for services offset a sharp decline for energy products, but the overall
momentum in wholesale inflation appears to be slowing. An attempt to oust British Prime Minister Theresa May
gathered pace on Tuesday, a day after her decision to delay a vote in parliament on her Brexit deal for fear of a rout
angered many in her Conservative Party. One of the International Monetary Fund's top officials warned on Tuesday
that storm clouds were gathering over the global economy and that governments and central banks might not be
well-equipped to cope.
We expect upward momentum in copper prices to wane today.
Short-covering pushed LME copper to the day’s highs of $6,194.5/mt on tuesday. The contract relinquished some
gains to close at $6,146/mt as the US dollar gained. The SHFE 1902 contract climbed to a high of 49,370 yuan/mt
overnight after a higher open. It came off to close at 49,240 yuan/mt. We expect upward momentum in copper
prices to wane today. LME copper is expected to trade at $6,120-6,170/mt with the SHFE 1902 contract at 49,000-
49,400 yuan/mt. Spot premiums are seen at 80-220 yuan/mt.
As the US dollar surged, LME nickel tumbled to close lower.
As the US dollar surged, LME nickel tumbled to close lower at $10,745/mt overnight, down from the day’s highs of
$10,945/mt. The rebound in the dollar also weighed the SHFE 1905 contract overnight. The contract came off from a
high of 89,940 yuan/mt to fall into the red, ending at 88,830 yuan/mt. LME nickel is expected to hover around
$10,800/mt today with the SHFE 1905 contract at 88,500-90,000 yuan/mt. Spot prices are seen at 89,000-96,500
yuan/mt.
Oil rises more than 1 pct on OPEC-led supply cuts, trade talk hopes.
Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut
announced last week for 2019 would stabilise markets as well as hopes that long-running Sino-American trade
tensions could ease. Disruptions to Libyan oil exports after local militia seized the country's biggest oil field, El
Sharara, were also buoying prices, traders said. The higher prices came amid a broader increase in Asian stock
markets after U.S. President Donald Trump told Reuters in an interview that trade talks with China were taking place
to defuse the trade disputes between the world's two biggest economies. To oil markets was a decision by the
Organisation of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers including Russia last week
to cut supply by 1.2 million barrels per day (bpd). Crude prices had lost a third of their value between early October
and the announcement of the cuts.

2. CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report 12 DEC 2018
CS ALUMINIUM (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 141.00
RESIST 1: 139.00
SUP 1: 137.00
SUP 2: 135.00
WWW.CAPITALSTARS.COM +919977499927
Energies
CS CRUDE OIL (DEC) OVERVIEW: CS NATURAL GAS (DEC) OVERVIEW:
TREND : BERAISH TREND : BULLISH
RESIST 2: 3850 RESIST 2: 335.00
RESIST 1: 3800 RESIST 1: 327.00
SUP 1: 3750 SUP 1: 320.00
SUP 2: 3700 SUP 2: 315.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
Precious Metals
CS GOLD (FEB) OVERVIEW: CS SILVER (MAR) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2: 32100 RESIST 2: 38600
RESIST 1: 32000 RESIST 1: 38400
SUP1:31800 SUP 1: 38000
SUP2:31700 SUP 2: 37800
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (FEB) OVERVIEW: CS NICKEL (NOV) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST2:444.00 RESIST 2: 790.00
RESIST1:440.00 RESIST 1: 780.00
SUP 1: 434.00 SUP 1: 770.00
SUP 2: 430.00 SUP 2: 760.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
CS ZINC (DEC) OVERVIEW: CS LEAD (NOV) OVERVIEW:
TREND : SIDEWAYS TREND : BEARISH
RESIST2:193.00 RESIST 2: 145.00
RESIST1:191.00 RESIST 1: 143.00
SUP 1: 187.00 SUP 1: 140.00
SUP 2: 185.00 SUP 2: 138.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 12 DEC 2018
Pick for the DAY
MCX Crude on Friday as seen in the Daily chart opened at 3737 levels and made day
low of 3656 Levels. During this period Crude High is 3800 levels and finally closed at
3754 levels. Now, there are chances of down movement technically & fundamentally.
 Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that
an OPEC-led supply cut announced last week for 2019 would stabilise markets as
well as hopes that long-running Sino-American trade tensions could ease.
 The higher prices came amid a broader increase in Asian stock markets after U.S.
President Donald Trump told Reuters in an interview that trade talks with China
were taking place to defuse the trade disputes between the world's two biggest
economies.
DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3724 LEVELS FOR
TARGET OF 3705/3680 WITH SL 3758 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 12 DEC 2018
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