Bullion counter may remain sideways to weak bias. U.S. consumer prices were unchanged for a third straight month in January,

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MCX Daily Report 14TH
FEB 2019
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News Highlights
BULLION - Bullion counter may remain sideways to weak bias. U.S. consumer prices were unchanged for a
third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2
years, which could allow the Federal Reserve to hold interest rates steady for a while. Several Federal
Reserve officials have indicated that they will support a pause in interest rate hikes from the U.S. central
bank to assess its impact in economy. Gold can face resistance near 33000 while it has support near
32800. Silver can slip towards 39200 while taking resistance near 39650. Holdings of SPDR Gold Trust, the
world’s largest gold backed exchange-traded fund, dropped 0.26 percent to 796.85 tonnes on Wednesday
from 798.89 tonnes on Tuesday. Russia’s Finance Ministry said on Wednesday that Russia had produced
314.42 tonnes of gold and 1,119.95 tonnes of silver in 2018.
ENERGY- Crude oil may trade on firm path as oil prices inched up on Thursday, buoyed by hopes that
potential progress in the latest SinoU.S. Tariff talks would improve the global economic outlook. Optimism
that a trade deal could be reached between the United States and China was boosted when U.S. President
Donald Trump said talks were going “very well”. But climbing U.S. oil stockpiles weighed on prices. U.S.
crude oil inventories rose last week to the highest since November 2017 as refiners cut runs to the lowest
since October 2017, the Energy Information Administration said on Wednesday. Crude inventories built
for a fourth week in a row, rising 3.6 million barrels to 450.8 million barrels in the week to Feb. 8. Analysts
polled by Reuters forecast an increase of 2.7 million barrels. Crude oil can test 3880 while taking support
near 3800. Natural gas may witness lower level buying as it can test 188 in MCX.
BASE METAL - Base metals prices may trade on mixed path. Copper may test 439 while taking support
near 432 in MCX. China on Thursday reported imports and exports data for December that easily topped
expectations amid its trade dispute with the U.S. That better than-expected news comes a month after
China's customs data showed imports and exports both fell unexpectedly in December. January dollar
denominated exports meanwhile rose 9.1 percent from a year ago, according to Chinese customs data.
China's exports in January were expected to have contracted 3.2 percent from a year earlier, compared
with the previous month's 4.4 percent decline. China's overall trade surplus was $39.16 billion in January.
That easily topped the $33.5 billion expected, according to the Reuters poll. December trade surplus was
$57.06 billion. Zinc can move in range of 183-187. Underpinning zinc, data showed LME zinc inventories
have eroded further to their lowest since January 2008. Lead can move sideways in range of 142-145.
Nickel can take support near 865 and can recover towards 885. Aluminum prices may find some support
near 130.

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MCX Daily Report 14TH
FEB 2019
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CS GOLD (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 33400
RESIST 1: 33200
SUP 1: 32800
SUP 2: 32600
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CS SILVER (MAR) OVERVIEW:
TREND : BEARISH
RESIST 2: 40100
RESIST 1: 39800
SUP 1: 39400
SUP 2: 39200
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Base Metals
CS COPPER (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 438.00
RESIST 1: 436.00
SUP 1: 432.00
SUP 2: 430.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 885.00
RESIST 1: 881.00
SUP 1: 870.00
SUP 2: 863.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 187.00
RESIST 1: 186.00
SUP 1: 183.00
SUP 2: 182.00
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CS LEAD (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 145.00
RESIST 1: 144.00
SUP 1: 142.00
SUP 2: 141.00
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CS ALUMINIUM (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 134.00
RESIST 1: 133.00
SUP 1: 130.00
SUP 2: 129.00
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Energy
CS CRUDE OIL (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 3930
RESIST 1:3890
SUP 1: 3790
SUP 2: 3730
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 190.00
RESIST 1: 188.00
SUP 1: 182.00
SUP 2: 180.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

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SEBI Registration Number: INA000001647
MCX Daily Report 14TH
FEB 2019
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Pick for the DAY
MCX LEAD FEB on WEDNESDAY as seen in the Daily chart opened at 143.75 levels and made
day low of 142.25 Levels. During this period LEAD FEB High is 144.30 levels and finally closed
at 143.30 levels. Now, there are chances of down movement technically & fundamentally.
DAILY RECOMMENDATION: SELL MCX LEAD FEB BELOW 143 LEVELS FOR
TARGET OF 142/140 WITH SL 145 OF LEVELS.

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SEBI Registration Number: INA000001647
MCX Daily Report 14TH
FEB 2019
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