The report from CapitalStars Financial Research discusses trends in the bullion, energy, and base metal markets as of August 6, 2019, highlighting rising gold prices due to trade tensions between the U.S. and China. The document notes specific market trends for various commodities and provides recommendations for nickel investments. It also includes disclaimers regarding the reliability of the information and encourages independent evaluation of investments.

1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 06TH
AUGUST 2019
1
News Highlights
BULLION - Bullion counter may witness some profit booking at higher levels. Gold prices
continued to rise recently as the protracted trade war between the United States and China
intensified after Washington designated Beijing a currency manipulator, prompting a flight
towards safe-haven assets. The U.S. Treasury Department said on Monday it had determined
for the first time since 1994 that China was manipulating its currency, and that Washington
would engage the International Monetary Fund to eliminate unfair competition from Beijing.
The U.S. action comes after China allowed its yuan to weaken past the key 7-per-dollar level
on Monday for the first time in more than a decade, following Trump's decision to impose
10% tariffs on $300 billion of Chinese imports, ending a month-long trade truce. Gold priced in
sterling soared to a record high on Monday, spurred by fear of a disorderly British exit from
the European Union amidst trade tensions.
ENERGY- Crude oil may trade on firm path as oil prices edged up on Tuesday, but remained
under pressure as the escalating U.S.-China trade war stoked concerns over global economic
growth and future demand for crude. The international benchmark fell more than 3% on
Monday as traders worried the ongoing trade tensions between the world’s two biggest oil
buyers would dent appetite for fuel. A yearlong U.S.-China trade war boiled over as
Washington accused Beijing of manipulating its currency after China let the yuan drop to its
lowest point in more than a decade. Iran’s seizure of the Iraqi oil tanker had raised some
concerns about potential Middle East supply disruptions in the Gulf. Concerns that the trade
conflict has entered a phase of retaliatory action were weighing down on the sentiments in
the oil market, which at the moment is taking lesser notice of the Middle East tensions. U.S.
natural gas futures fell to a fresh 38-month low on Monday after production rose to record
highs over the weekend and the amount of gas flowing to the nation's liquefied natural gas
(LNG) export terminals dropped.
BASE METAL - Base metals may trade on sideways to weaker path. London copper fell for the
sixth straight session on Tuesday, hovering around a two-year low, as a year-long U.S.-China
trade war escalated and the Chinese offshore yuan fell to an all-time low. Proposed U.S. tariffs
against the European Union over aircraft subsidies could concentrate market control over
some supplies of copper alloy in the hands of a German-owned firm and hurt American
businesses, U.S. industry players said. BHP Group is expanding its nickel business and plans to
ramp up sales for the fast-growing electric vehicle sector. Russian aluminium producer Rusal
suspended operations at its Achinsk alumina plant on Monday and evacuated all but essential
staff after a fire broke out a nearby Russian military base, Rusal said.

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 06TH
AUGUST 2019
2
CS GOLD (OCT) OVERVIEW:
TREND : BULLISH
RESIST 2: 37500
RESIST 1: 37300
SUP 1: 36700
SUP 2: 36200
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2: 42800
RESIST 1: 42400
SUP 1: 41800
SUP 2: 41400
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 445.00
RESIST 1: 441.00
SUP 1: 433.00
SUP 2: 430.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 1080.00
RESIST 1: 1070.00
SUP 1: 1050.00
SUP 2: 1040.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 191.00
RESIST 1: 190.00
SUP 1: 188.00
SUP 2: 186.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 156.00
RESIST 1: 155.00
SUP 1: 153.00
SUP 2: 152.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 142.00
RESIST 1: 141.00
SUP 1: 139.00
SUP 2: 138.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 3960
RESIST 1:3930
SUP 1: 3870
SUP 2: 3820
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (JUL) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 152.00
RESIST 1: 150.00
SUP 1: 147.00
SUP 2: 146.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 06TH
AUGUST 2019
3
Pick for the DAY
MCX NICKEL AUG on MONDAY as seen in the Daily chart opened at 1033.00 levels and made
day low of 1033.00 Levels. During this period NICKEL AUG High is 1068.70 levels and finally
closed at 1064.80 levels. Now, there are chances of up movement technically &
fundamentally.
DAILY RECOMMENDATION: BUY MCX NICKEL AUG ABOVE 1060 LEVELS FOR TARGET
OF 1075/1090 WITH SL 1040 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 06TH
AUGUST 2019
4
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