This Document is regarding daily mcx report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 14Aug 2018
News Highlights
Gold below $1,200 as Turkey tremors boost dollar.
GOLD broke through the 1,200 mark yesterday for the first time since March 2017 as it continued to be
pressured by the dollar’s steady rise on safe haven flows. In the latest data from CFTC as at August 7,
short positions built up by speculative traders were at their highest since data began in 2006, according to
data compiled by Bloomberg. Overall however, net positioning is still long by 12,688 contracts, which is
still the least since December 2015. Many commodities are falling victim to the dollar’s strength as risk-
aversion trades gain popularity.
COPPER markets continue to be plagued by the threat of strike action at some of the world’s largest
mines.
Copper markets continue to be plagued by the threat of strike action at some of
the world’s largest mines. BHP is waiting to hear the response to its sweetened
offer to workers at its Escondido mine in hopes of averting a strike, while strikers
at the Caserones mine are set to go on strike on August 14 if mediation fails.
Despite these
potential supply disruptions, copper is struggling to gain any kind of foothold with a one-day spike higher
on August 9 beaten back the following day. The base metal is facing its third straight down day and is now
at 2.7102. The July 19 low of 2.6501 could be the next support level.
We expect nickel prices to continue their weak performance today.
LME nickel lost all the gains it made last week and closed at $13,535/mt on Monday. The SHFE 1811
contract overnight plummeted past the 20-day moving average to 111,330 yuan/mt after its initial, mild
gains. It then recovered some losses and closed at 112,030 yuan/mt. We expect nickel prices to continue
their weak performance today. LME nickel is likely to hover around $13,600/mt and the SHFE 1811 contract
is likely to trade at 112,000- 113,800 yuan/mt. Spot prices are seen at 112,000-114,000 yuan/mt..
Oil dips as trade tensions drag; Iran sanctions provide some support.
Oil prices are on the defensive with WTI sliding to a seven-week low overnight as markets consider the
broader impact of the meltdown in the Turkish currency and economy. Additional pressure has come from
the dollar’s bid bias as a safe haven stronghold, while a weekend IEA oil market report predicted that global
demand for oil would slacken for the rest of this year before reviving next year. The combined downward
pressure was strong enough to overcome reports that Saudi Arabia’s production has been scaled back in
July even as Iran sanctions kick in..

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 14Aug 2018
Precious Metals
CS GOLD (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 29960
RESIST 1: 29840
SUP 1: 29680
SUP 2: 29580
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CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 38320
RESIST 1: 38100
SUP 1: 37500
SUP 2: 37300
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Base Metals
CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 430.00
RESIST 1: 427.00
SUP 1: 419.00
SUP 2: 415.00
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CS NICKEL (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 979.00
RESIST 1: 963.00
SUP 1: 936.00
SUP 2: 925.00
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CS ZINC (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 180.00
RESIST 1: 177.00
SUP 1: 172.00
SUP 2: 170.00
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CS LEAD (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 151.00
RESIST 1: 149.00
SUP 1: 145.00
SUP 2: 143.00
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CS ALUMINIUM (AUG) OVERVIEW:
TREND : SIDEWAYS RESIST 2:
147.00
RESIST 1: 146.00
SUP 1: 144.00
SUP 2: 143.00
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Energies
CS CRUDE OIL (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 4780
RESIST 1: 4730
SUP 1: 4590
SUP 2: 4530
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CS NATURAL GAS (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 208.00
RESIST 1: 207.00
SUP 1: 203.00
SUP 2: 201.50
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4. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 14Aug 2018
Pick for the DAY
MCX GOLD AUG on Monday as seen in the Daily chart opened at 29826
levels and made day Low of 29705 levels. During this period gold came up to
29893 levels and finally closed at 29725 levels.
Now, there are chances of down movement technically
& fundamentally.
Gold below $1,200 as Turkey tremors boost dollar.
For the first time since March 2017 as it continued to be
pressured by the dollar’s steady rise on safe haven flows.
DAILY RECOMMENDATION: SELL MCX GOLD AUG BELOW 29705
LEVELS FOR TARGET OF 29645/29605 WITH SL 29795 OF LEVELS.

5. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 14Aug 2018
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