- Gold slipped for a fourth straight session on Tuesday as optimism over the U.S.-China trade talks helped investors retain risk appetite despite dismal quarterly results from Wall Street. Spot gold was down 0.1 percent at $1,286.38 per ounce, as of 0120 GMT. In the previous session, the bullion dropped to $1,281.96, its weakest since April 4. U.S.

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MCX Daily Report 16TH
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News Highlights
BULLION - Gold slipped for a fourth straight session on Tuesday as optimism over the U.S.-China trade talks helped
investors retain risk appetite despite dismal quarterly results from Wall Street. Spot gold was down 0.1 percent at
$1,286.38 per ounce, as of 0120 GMT. In the previous session, the bullion dropped to $1,281.96, its weakest since
April 4. U.S. gold futures shed about 0.2 percent at $1,289.20 an ounce. The U.S.-China trade dispute, signs of
slowing global corporate earnings and business investment have all put pressure on riskier assets in the past year,
so investors have been quick to lap-up positive news. SPDR Gold Trust, the world’s largest gold-backed exchange-
traded fund, said its holdings fell 0.50 percent to 754.03 tonnes on Monday from 757.85 tonnes on Friday.
Yesterday, Gold prices fell back on upbeat comments from Chicago Fed President Evans who said the U.S. economic
data has "strengthened a little bit in recent weeks" and fundamentals "continue to be quite good." The hawkish
comments from Evans bolster the outlook for additional Fed rate hikes and were negative for metals prices. May
silver recovered from a 3-1/2 month low Monday and settled higher on stronger-than-expected U.S. economic data
that is positive for industrial metals demand after the Apr Empire manufacturing survey of general business
conditions index rose +6.4 to 10.1, stronger than expectations of +4.3 to 8.0. On MCX.
ENERGY- Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude
output to fight for market share, checking a recent sharp rally driven by tighter global production. Brent crude oil
futures were at $71.08 a barrel at 0111 GMT, down 10 cents, or 0.1 percent, from their last close. Brent ended
down 0.5 percent on Monday. U.S. West Texas Intermediate (WTI) crude futures were at $63.39 per barrel, down 2
cents, or 0.1 percent, from their previous settlement. WTI fell 0.8 percent on Monday. Russian Finance Minister
Anton Siluanov said over the weekend that Russia and OPEC may decide to boost production to fight for market
share with the United States, but this would push oil as low as $40 per barrel. U.S. natural gas futures fell to a two-
month low on Monday on forecasts for warmer weather and lower than previously expected heating demand next
week. That decline came despite an increase in liquefied natural gas exports with the return of two liquefaction
trains at Cheniere Energy Inc's LNG.A Sabine Pass LNG export terminal in Louisiana late last week. The natural gas
market has become much less volatile over the past couple of months just like last year as the weather moderates
for the spring amid a widely held expectation that record and growing production will meet any increase in
demand.
BASE METAL - Base metals prices may trade with sideways bias. On the international market, most industrial
metals on Tuesday were trading in a tight range, as investors exercised caution, waiting for growth data from China
to be released later this week. China is scheduled to release a bundle of economic data on Wednesday, including
the first-quarter economic growth figure. China’s first-quarter economy growth likely cooled to the weakest pace in
at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor
under slowing activity in March. Secondly, Reuters expect China to report gross domestic product (GDP) grew 6.3
percent in the January-March quarter from a year earlier, the slowest pace since the first quarter of 1992, the
earliest quarterly data on record. March data will provide more details on the health of China’s domestic demand,
covering industrial output, retail sales, property sales and investment, and fixed asset investment. Three-month
copper on the London Metal Exchange eased 0.1 percent to $6,475 a tonne by 0153 GMT, while aluminium edged
down 0.1 percent and nickel was almost unchanged. London zinc dipped 0.4 percent, on track for a second straight
fall, while the most-active zinc contract in Shanghai Futures Exchange (ShFE) dropped 1.1 percent. Zinc inventories
in LME-approved warehouse as of Friday shot up 7.5 percent from a day earlier to near a three-week high of 56,125
tonnes, latest data showed. On-warrant zinc stocks in warehouses tracked by ShFE also marked a 7-percent daily
increase on Monday to 51,976 tonnes.

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MCX Daily Report 16TH
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CS GOLD (JUN) OVERVIEW:
TREND : BEARISH
RESIST 2: 32000
RESIST 1: 31900
SUP 1: 31750
SUP 2: 31600
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (MAY) OVERVIEW:
TREND : BEARISH
RESIST 2: 37600
RESIST 1: 37400
SUP 1: 37000
SUP 2: 36700
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 453.00
RESIST 1: 451.00
SUP 1: 448.00
SUP 2: 446.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 910.00
RESIST 1: 905.00
SUP 1: 893.00
SUP 2: 886.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (APR) OVERVIEW:
TREND : BULLISH
RESIST 2: 232.00
RESIST 1: 230.00
SUP 1: 228.00
SUP 2: 226.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD (APR) OVERVIEW:
TREND : BULLISH
RESIST 2: 137.00
RESIST 1: 136.00
SUP 1: 133.00
SUP 2: 131.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 149.00
RESIST 1: 148.00
SUP 1: 147.00
SUP 2: 146.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4450
RESIST 1:4430
SUP 1: 4380
SUP 2: 4360
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 186.00
RESIST 1: 184.00
SUP 1: 180.00
SUP 2: 178.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

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MCX Daily Report 16TH
APR 2019
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Pick for the DAY
MCX LEAD APR on MONDAY as seen in the Daily chart opened at 132.00 levels and made
day low of 132.00 Levels. During this period LEAD APR High is 135.50 levels and finally
closed at 135.25 levels. Now, there are chances of up movement technically &
fundamentally.
DAILY RECOMMENDATION: BUY MCX LEAD APR ABOVE 135.75 LEVELS FOR TARGET
OF 137/138 WITH SL 134 OF LEVELS.

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MCX Daily Report 16TH
APR 2019
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