The document is a daily report from CapitalStars Financial Research Pvt., Ltd. summarizing commodity market news and providing technical analysis on commodity futures contracts traded on the MCX exchange. It discusses news related to gold, silver, crude oil, base metals, and provides overview charts showing the trend and support and resistance levels for various futures contracts. It recommends buying the May aluminum contract if it rises above Rs. 150.10, with a target of Rs. 151-152.50 and stop loss of Rs. 149.

1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 15TH
MAY 2019
1
News Highlights
BULLION - Bullion counter may trade on volatile path as gold steadied on Wednesday after
retreating from a one-month peak in the previous session as Washington and Beijing decided
to further their discussions on trade, soothing investor concerns around a full-blown trade
war. U.S. President Donald Trump on Tuesday called the trade war with China “a little
squabble” and insisted talks between the world’s two largest economies had not collapsed, as
investors remained on guard for a further escalation of tit-for-tat tariffs. Meanwhile on
Tuesday, the Chinese government also confirmed that the two countries have agreed to keep
talking about their trade dispute. However, restraining further downside for gold, Asian shares
still struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic
impact of a U.S.-China trade war.
ENERGY- Crude oil may trade with sideways bias as oil eased on Wednesday after closely
watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by
mounting tensions in the Middle East. U.S. crude stockpiles unexpectedly rose last week,
while gasoline and distillate inventories increased data from industry group the American
Petroleum Institute showed on Tuesday. Oil prices have drawn support after Saudi Arabia on
Tuesday said armed drones struck two of its oil pumping stations, two days after the sabotage
of oil tankers near the United Arab Emirates, while the U.S. military said it was braced for
“possibly imminent threats to U.S. forces in Iraq” from Iran-backed forces. Meanwhile, the
Organization of the Petroleum Exporting Countries (OPEC) on Tuesday said that world demand
for its oil would be higher than expected this year as supply growth from rivals including U.S.
shale producers slows, pointing to a tighter market if the exporter group refrains from raising
output.
BASE METAL - Base metals prices may witness some short covering at lower levels as copper
and most other base metals rose on Wednesday, after U.S. President Donald Trump insisted
that trade talks with China had not collapsed. Trump on Tuesday called the trade war with
China “a little squabble” and softened his tone in a series of remarks expressing optimism
about reaching a trade deal with Beijing, While a Beijing senior diplomat also confirmed that
the two countries would “pursue relevant discussions”. Copper may test 430 while taking
support near 420 in MCX. Barrick Gold Corp, the world’s second largest bullion miner, is
preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to
target Chinese buyers, three sources with knowledge of the matter said. Global miner BHP will
hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto, is
working on copper and lithium projects as the mining industry bets on demand for electric
vehicle (EV) batteries.

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 15TH
MAY 2019
2
CS GOLD (JUN) OVERVIEW:
TREND : BULLISH
RESIST 2: 32500
RESIST 1: 32400
SUP 1: 32100
SUP 2: 32000
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (JUL) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 37900
RESIST 1: 37700
SUP 1: 37400
SUP 2: 37200
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (JUN) OVERVIEW:
TREND : BEARISH
RESIST 2: 430.00
RESIST 1: 428.00
SUP 1: 424.00
SUP 2: 422.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (MAY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 852.00
RESIST 1: 846.00
SUP 1: 831.00
SUP 2: 822.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (MAY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 216.00
RESIST 1: 214.00
SUP 1: 212.00
SUP 2: 211.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD (MAY) OVERVIEW:
TREND : BEARISH
RESIST 2: 129.00
RESIST 1: 128.00
SUP 1: 125.00
SUP 2: 124.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (MAY) OVERVIEW:
TREND : BULLISH
RESIST 2: 152.00
RESIST 1: 151.00
SUP 1: 148.00
SUP 2: 147.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (MAY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4440
RESIST 1:4400
SUP 1: 4300
SUP 2: 4240
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (MAY) OVERVIEW:
TREND : BULLISH
RESIST 2: 190.00
RESIST 1: 189.00
SUP 1: 186.00
SUP 2: 185.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 15TH
MAY 2019
3
Pick for the DAY
MCX ALUMINIUM MAY on TUESDAY as seen in the Daily chart opened at 148.15 levels and
made day low of 147.80 Levels. During this period ALUMINIUM MAY High is 150.60 levels
and finally closed at 150.20 levels. Now, there are chances of up movement technically &
fundamentally.
DAILY RECOMMENDATION: BUY MCX ALUMINIUM MAY ABOVE 150.10 LEVELS FOR
TARGET OF 151/152.50 WITH SL 149 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 15TH
MAY 2019
4
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