This Document is regarding Daily Mcx report.

1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report
News Highlights
14 DEC 2018
Gold prices steady on Fed policy outlook uncertainty.
Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty
around the Federal Reserve's next year's policy outlook, while the dollar strengthened on expectations of a rate hike
next week. The dollar firmed against major counterparts as investor focus shifted to an expected U.S. interest rate
hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook. Asian
shares were on the defensive as investors kept a wary eye on economic tensions between Washington and Beijing,
while the euro was steady after the European Central Bank halted new bond purchases as expected. The number of
Americans filing applications for jobless benefits tumbled to near a 49-year low last week, which could ease
concerns about a slowdown in the labour market and economy. The risk of a U.S. recession in the next two years has
risen to 40 percent, according to a Reuter’s poll of economists who also found a significant shift in expectations
toward fewer Federal Reserve interest rate rises next year. European Union leaders assured Prime Minister Theresa
May on Thursday that the Brexit treaty she agreed last month but is struggling to get through UK parliament should
not bind Britain forever to EU rules.
New US-China trade hopes weighed on the US dollar index overnight and supported copper prices.
London copper pared earlier gains to close at $6,153/mt on Thursday. The SHFE 1902 contract came off from a high
of 49,440 yuan/mt overnight, ending at 49,260 yuan/mt. As the US dollar strengthened, copper prices are expected
to remain rangebound at lows today. LME copper is likely to trade at $6,150-6,200/mt with the SHFE 1902 contract
at 49,000-49,500 yuan/mt. Spot premiums are seen lower at 20-70 yuan/mt.
As the US dollar surged, LME nickel tumbled to close lower.
London nickel initially fell to a low of $10,725/mt, just above the year-low of $10,720/mt on November 27. It then
clawed back those losses to close 0.6% higher at $10,850/mt. The SHFE 1905 contract fluctuated to close 0.4% higher
at 89,380 yuan/mt overnight. Market focus is largely attuned to the fundamentals as investors await an upcoming
two-day meeting of the Federal Open Market Committee (FOMC), which is scheduled to take place on December 18-
19. The recent improvement in spot trades limited losses in nickel prices. 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.
Oil prices fall as investors take profits amid China economy worries.
Oil prices fell on Friday as investors cashed in gains of more than 2 percent made during the previous session on
concerns demand may slump amid slowing economic growth, though there are still expectations for producer supply
cuts to support prices. China, the world's second-largest economy and the largest crude importer, on Friday reported
some of the slowest retail sales and industrial output growth in years for November, highlighting the risks of the
country's trade dispute with the United States. Refinery throughput in November in China fell from October, which
was the second-highest month on record, suggesting an easing in Chinese oil demand, though runs were 2.9 percent
higher than a year earlier. Some support for prices remains because of the output cuts agreed between the
Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers including Russia. That could
create a supply deficit by the second quarter of next year, the International Energy Agency (IEA) said on Thursday.
International benchmark Brent crude rose 2.2 percent on Thursday, while WTI climbed 2.8 percent.

2. CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report 14 DEC 2018
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: CS NATURAL GAS (DEC) OVERVIEW:
TREND : BERAISH TREND : BEARISH
RESIST 2: 3820 RESIST 2: 298.00
RESIST 1: 3775 RESIST 1: 295.00
SUP 1: 3650 SUP 1: 288.00
SUP 2: 3600 SUP 2: 285.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
Precious Metals
CS GOLD (FEB) OVERVIEW: CS SILVER (MAR) OVERVIEW:
TREND : BEARISH TREND : SIDEWAYS
RESIST 2: 31900 RESIST 2: 38600
RESIST 1: 31800 RESIST 1: 38400
SUP1:31500 SUP 1: 38000
SUP2:31300 SUP 2: 37800
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (FEB) OVERVIEW: CS NICKEL (NOV) OVERVIEW:
TREND : SIDEWAYS TREND : SIDEWAYS
RESIST2:448.00 RESIST 2: 790.00
RESIST1:444.00 RESIST 1: 780.00
SUP 1: 438.00 SUP 1: 770.00
SUP 2: 432.00 SUP 2: 760.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
CS ZINC (DEC) OVERVIEW: CS LEAD (NOV) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST2:190.00 RESIST 2: 145.00
RESIST1:188.00 RESIST 1: 143.00
SUP 1: 184.00 SUP 1: 140.00
SUP 2: 182.00 SUP 2: 138.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 14 DEC 2018
Pick for the DAY
MCX Crude on Friday as seen in the Daily chart opened at 3713 levels and made day
low of 3616 Levels. During this period Crude High is 3750 levels and finally closed at
3716 levels. Now, there are chances of down movement technically & fundamentally.
 Oil prices fell on Friday as investors cashed in gains of more than 2 percent made
during the previous session on concerns demand may slump amid slowing economic
growth, though there are still expectations for producer supply cuts to support
prices.
 China, the world's second-largest economy and the largest crude importer, on Friday
reported some of the slowest retail sales and industrial output growth in years for
November, highlighting the risks of the country's trade dispute with the United
States.
DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3724 LEVELS FOR
TARGET OF 3690/3655 WITH SL 37760 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 14 DEC 2018
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