The document provides a daily report on commodity markets from CapitalStars Financial Research Pvt. Ltd. It includes highlights on gold, copper, nickel, and crude oil prices. Gold prices dipped while palladium hit a record high. Copper prices were supported by easing US-China trade tensions. Nickel fell as the US dollar surged. Crude oil prices rose due to a drawdown in US inventories and signs China is taking steps to ease trade tensions with the US. The report recommends selling MCX crude oil futures below 3692 levels.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 13 DEC 2018
News Highlights
Gold edges lower, palladium hits record high.
Gold prices dipped early on Thursday as the dollar steadied after declining from a near one- month high in
the previous session, while palladium rose to a record high, trading at a premium to the bullion. Asian
shares and the pound moved higher as investors breathed a sigh of relief after British Prime Minister
Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S.
demand to open its markets. China appears to be easing its high-tech industrial development push, dubbed
"Made in China 2025," which has long irked the United States, amid talks between the two countries to
reduce trade tensions, according to new guidance to local governments. British Prime Minister Theresa
May survived a confidence vote by the Conservative Party on Wednesday, but a mutiny by more than a
third of her lawmakers indicated parliament was heading towards deadlock over Brexit.
New US-China trade hopes weighed on the US dollar index overnight and supported copper prices.
London copper regained some losses after it fell to the day’s lows of $6,132/mt on Wednesday, ending at
$6,150/mt. After opening lower, the SHFE 1902 contract hovered at 49,030-49,130 yuan/mt overnight and
closed at 49,120 yuan/mt. A lack of inflation in November, UK Prime Minister Theresa May’s survival of a
no-confidence vote and new US- China trade hopes weighed on the US dollar index overnight and
supported copper prices. LME copper is expected to trade at $6,130-6,180/mt today with the SHFE 1902
contract at 49,000-49,400 yuan/mt. Spot premiums are seen at 40-120 yuan/mt.
As the US dollar surged, LME nickel tumbled to close lower.
With a higher open, LME nickel edged up to close at $10,785/mt on Wednesday. The SHFE 1905 contract
jumped to a high of 89,450 yuan/mt overnight before it closed at 89,000 yuan/mt. LME nickel is expected to
hover around $10,800/mt today with the SHFE 1905 contract at 88,500-90,000 yuan/mt. Spot prices are
seen at 89,000-96,500 yuan/mt. Fundamentals remained weak even as recent trade in the domestic spot
market improved..
Oil prices climb amid signs of easing U.S.-China trade tensions.
Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is
taking more concrete steps to put a trade war truce with Washington into action. Crude oil prices have also
been supported by OPEC-led supply curbs announced last week, although gains were capped after the
producer group lowered its 2019 demand forecast. "Crude oil prices rose, helped by the easing trade
tension, as well as a fall in inventories," ANZ bank said on Thursday. The news that China is looking to
redraft its 'Made in China' 2025 plan boosted hopes that trade talks are progressing better than expected.
China made its first major U.S. soybean purchases in more than six months on Wednesday, while Beijing
also appears to be easing its high-tech industrial push, dubbed "Made in China 2025," which has

2. long irked Washington. Drop in U.S. crude stockpiles, though less than expected, has helped boost
sentiment, analysts said.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 13 DEC 2018
Precious Metals
CS GOLD (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 31900
RESIST 1: 31800
SUP 1:31500
SUP 2:31300
WWW.CAPITALSTARS.COM
+919977499927
CS SILVER (MAR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 38600
RESIST 1: 38400
SUP 1: 38000
SUP 2: 37800
WWW.CAPITALSTARS.COM
+919977499927
Base Metals
CS COPPER (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2:454.00
RESIST 1:450.00
SUP 1: 446.00
SUP 2: 440.00
WWW.CAPITALSTARS.COM
+919977499927
CS NICKEL (NOV) OVERVIEW:
TREND : BULLISH RESIST
2: 790.00
RESIST 1: 780.00
SUP 1: 770.00
SUP 2: 760.00
WWW.CAPITALSTARS.COM
+919977499927
CS ZINC (DEC) OVERVIEW:
TREND : SIDEWAYS RESIST
2:193.00
RESIST 1:191.00
SUP 1: 187.00
SUP 2: 185.00
WWW.CAPITALSTARS.COM
+919977499927
CS LEAD (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 145.00
RESIST 1: 143.00
SUP 1: 140.00
SUP 2: 138.00
WWW.CAPITALSTARS.COM
+919977499927
CS ALUMINIUM (NOV) OVERVIEW:
TREND : BEARISH
RESIST 2: 141.00
RESIST 1: 139.00
SUP 1: 137.00
SUP 2: 135.00
WWW.CAPITALSTARS.COM +919977499927
Energies
CS CRUDE OIL (DEC) OVERVIEW:
TREND : BERAISH
RESIST 2: 3750
RESIST 1: 3700
SUP 1: 3650
SUP 2: 3600
WWW.CAPITALSTARS.COM
+919977499927
CS NATURAL GAS (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 303.00
RESIST 1: 300.00
SUP 1: 292.00
SUP 2: 288.00
WWW.CAPITALSTARS.COM
+919977499927

5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 13 DEC 2018
Pick for the DAY
MCX Crude on Friday as seen in the Daily chart opened at 3776 levels and
made day low of 3721 Levels. During this period Crude High is 3815 levels and
finally closed at 3749 levels. Now, there are chances of down movement
technically & fundamentally.
Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories
and signs that China is taking more concrete steps to put a trade war truce
with Washington into action.
Crude oil prices have also been supported by OPEC-led supply curbs
announced last week, although gains were capped after the producer group
lowered its 2019 demand forecast.
DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3692
LEVELS FOR TARGET OF 3680/3655 WITH SL 3726 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 13 DEC 2018
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