MCX NATURAL GAS APR on WEDNESDAY as seen in the Daily chart opened at 179.70 levels and made day low of 175.20 Levels. During this period NATURAL GAS APR High is 179.70 levels and finally closed at 175.40 levels. Now, there are chances of down movement technically & fundamentally.

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SEBI Registration Number: INA000001647
MCX Daily Report 18TH
APR 2019
1
News Highlights
BULLION - Gold prices on Thursday touched their lowest this year, and were on course for a fourth straight weekly
decline, as recent economic data drove investors towards riskier assets, with traders eyeing clues to gauge the
health of global economy. Spot gold was down 0.1 percent at $1,272.33 per ounce, as of 0147 GMT, having touched
$1,271.71 earlier in the session, its lowest since Dec. 27, 2018. U.S. gold futures dipped 0.2 percent lower to
$1,274.50 an ounce. Economic data from China tempered concerns about global growth and took the sheen off
safe-haven bullion. China’s economic growth in the first quarter remained steady at 6.4 percent, topping
expectations for a 6.3 percent expansion. The data boosted global appeal for riskier assets Investors' immediate
focus turned to the release of Purchasing Managers Indexes (PMIs) for the manufacturing and service sectors in
Europe later in the day to provide more clues on the strength of the euro zone economy. In news, the U.S. Federal
Reserve said on Wednesday it found economic activity in the country grew at a slight-to-moderate pace in March
and early April. Secondly, the U.S. trade deficit fell to an eight-month low in February as imports from China
plunged, temporarily providing a boost to President Donald Trump's "America First" agenda and economic growth
in the first quarter.
ENERGY- Crude Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international
benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at
$71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 percent, from their last close. Brent fell 0.1 percent on
Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a barrel. U.S. West Texas Intermediate (WTI)
crude futures were at $63.67 per barrel, down 9 cents, or 0.1 percent, from their previous settlement. WTI closed
the last session down 0.5 percent. U.S. crude inventories fell by 1.4 million barrels in the week to April 12,
compared with analyst expectations for an increase of 1.7 million barrels. Net U.S. crude imports last week dropped
by 659,000 barrels per day (bpd). U.S. natural gas futures plunged on Wednesday to their lowest since June 2016,
as near-record production and forecasts for lower heating demand in the next two weeks allow utilities to stockpile
gas, helping inventories rebound from unusually low levels. Ahead of weekly data on Thursday, market participants
said utilities likely added a much bigger than normal 87 billion cubic feet (bcf) of gas to inventories during the week
ended April 12. Front-month gas futures for May delivery on the New York Mercantile Exchange fell 5.5 cents, or
2.1 percent, to settle at $2.517 per million British thermal units (mmBtu), the lowest since June 8, 2016.
BASE METAL - Base metal counter are expected to trade sideways with downside getting capped owing to
optimistic sentiments prevailing on the international market. China's economy grew at a steady 6.4 percent pace in
the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and
consumer demand showed signs of improvement. Copper prices hit a nine-month high on Wednesday as firmer-
than-expected economic growth figures from China boosted expectations for higher demand in the world's top
metals consumer. Benchmark copper touched its highest since July 3 at $6,608.50 per tonne before finishing up 0.9
percent at $6,556. China's economy grew at a 6.4 percent pace in the first quarter from a year earlier, defying
expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs
of improvement. Shanghai nickel and zinc fell 1.1 percent and 0.8 percent, respectively, mirroring a decline in the
Chinese ferrous complex. Lead was also down. China's aluminium production fell 3.6 percent on a daily basis in
March from the previous two months to its lowest rate since October, pressured by winter curbs on industry and
low prices. This pushed Shanghai aluminium up as high as 13,995 yuan ($2,092.59) a tonne, its highest intra-day
level since December.

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MCX Daily Report 18TH
APR 2019
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CS GOLD (JUN) OVERVIEW:
TREND : BEARISH
RESIST 2: 31700
RESIST 1: 31600
SUP 1: 31400
SUP 2: 31300
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (MAY) OVERVIEW:
TREND : BEARISH
RESIST 2: 37600
RESIST 1: 37400
SUP 1: 37100
SUP 2: 36900
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 461.00
RESIST 1: 458.00
SUP 1: 452.00
SUP 2: 449.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 917.00
RESIST 1: 905.00
SUP 1: 885.00
SUP 2: 878.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 228.00
RESIST 1: 227.00
SUP 1: 225.00
SUP 2: 224.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 136.00
RESIST 1: 135.00
SUP 1: 133.00
SUP 2: 132.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 149.00
RESIST 1: 148.00
SUP 1: 147.00
SUP 2: 146.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4495
RESIST 1:4470
SUP 1: 4420
SUP 2: 4000
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 181.00
RESIST 1: 178.00
SUP 1: 174.00
SUP 2: 172.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

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SEBI Registration Number: INA000001647
MCX Daily Report 18TH
APR 2019
3
Pick for the DAY
MCX NATURAL GAS APR on WEDNESDAY as seen in the Daily chart opened at 179.70 levels
and made day low of 175.20 Levels. During this period NATURAL GAS APR High is 179.70
levels and finally closed at 175.40 levels. Now, there are chances of down movement
technically & fundamentally.
DAILY RECOMMENDATION: SELL MCX NATURAL GAS APR BELOW 174.40 LEVELS FOR
TARGET OF 173/172 WITH SL 176 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 18TH
APR 2019
4
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