On December 20, 2017, gold prices gained slightly due to uncertainty around U.S. tax cuts while zinc oxide output in China faced reductions from a natural gas shortage. Nickel prices dropped on profit booking after a rally following changes to China's steel export duties, while oil prices rose amid expectations of declining U.S. crude inventories and a pipeline outage in the North Sea. The report provides an overview of precious metals and energy trends alongside trading recommendations and disclaimers regarding investment risks.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report -20 DEC 2017
News High lights
Gold Prices Gain Slightly In Asia As US Tax Cuts Hit Slight Snag.
Gold prices gained in Asia on Wednesday after snag in passage of US tax cuts linked to
a procedural issue in the Senate kept markets on edge even as most analysts say the
bill will still pass this week. Overnight, gold prices edged lower on Tuesday weighed by
a rally in Treasuries on growing optimism surrounding the outcome of the tax bill vote,
and solid housing data pointing to underlying economic strength. Despite the weaker
dollar, a rebound in US Treasuries following stronger-than-expected housing data,
limited gains in the precious metal. Gold prices have added to recent gains after notching a two-week winning
streak last week despite data showing traders continued to abandon their bullish bets on the yellow metal.
SMM Analysis: Zinc oxide output hit by natural gas shortage.
The operating rate of zinc oxide plants across China has dropped to an average of
53.8% in November, from 57.9% in October, according to SMM research. Output in
major zinc oxide producing provinces including Shandong, Hebei and Jiangsu have
been limited due to short supply of natural gas. This followed the nationwide gas
rationing measures in the winter season due to rising consumption and logistics
difficulties. Better auto sales toward the year-end have not helped much for the
production of zinc oxide.
Nickel prices dropped on profit booking after prices rallied in last session after China cut duties on some
steel Spices exports.
Nickel on MCX settled down -0.42% at 752.20 eased as traders booked profits on a rally to three-week peaks the
session before that was fuelled by changes to China's steel export duties. While on Monday prices rallied through
the 100-day moving average on Monday after China cut duties on some steel exports, pushing investors to close
short positions ahead of the holiday. While sentiments remain firm for prices after the World Bank report that
raised its forecast for China's economic growth in 2017 to 6.8 percent from 6.7 percent it projected in October, as
personal consumption and foreign trade supported growth.
Oil edges up on North Sea pipeline outage, lower U.S. crude stocks.
Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude
inventories and by the ongoing outage of the North Sea Forties pipeline system. "Oil
prices inched higher on expectations of another strong drawdown in U.S. inventories,"
ANZ bank said. Oil prices have also been supported by the continuing outage of the
Forties pipeline in the North Sea, which delivers crude underpinning Brent futures.
Operator Ineos hopes to be able to fix a crack in the pipeline, which can pump around
450,000 barrels per day of crude, within two to four weeks from Dec. 11. Most analysts expect U.S. output to
break through 10 million bpd soon, which would be a new record and take it to levels on par with top exporter
Saudi Arabia and close to top producer Russia, which pumps around 11 million bpd.

2. CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report - 20 DEC 2017
Precious Metals
CS GOLD (FEB) OVERVIEW: CS SILVER (MAR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 28700
RESIST 1: 28600
SUP 1: 28300
SUP 2: 28200
CS COPPER (FEB) OVERVIEW: CS NICKEL (DEC) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2: 455.00 RESIST 2: 775.00
RESIST 1: 452.00 RESIST 1: 770.00
SUP 1: 444.00 SUP 1: 740.00
SUP 2: 441.00 SUP 2: 735.00
CS LEAD (DEC) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2: 211.00 RESIST 2: 168.00
RESIST 1: 209.00 RESIST 1: 166.00
SUP 1: 204.00 SUP 1: 162.00
SUP 2: 202.00 SUP 2: 160.00
CS ALUMINIUM (DEC) OVERVIEW:
TREND : BULLISH
RESIST 2: 136.00
RESIST 1: 135.00
SUP 1: 132.00
SUP 2: 131.00
WWW.CAPITALSTARS.COM +917316690000
Energies
TREND : SIDEWAYS
RESIST 2: 184.00
RESIST 1: 180.00
SUP 1: 171.00
SUP 2: 167.00

3. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report -20 DEC 2017
Pick for the Day
MCX Crude Oil Jan on Tuesday as seen in the daily chart opened at 3686 levels and
day high of 3702 levels. During this period price corrected & made day low of 3668
levels finally closed at 3698 levels. Now, there are chances of further sideways
movement technically & fundamentally.
∑ Rising Middle East geopolitical tensions raised the prospect of supply disruptions
after reports suggested that a missile was fired at Riyadh from Yemen. “Coalition
forces confirm intercepting an Iranian-Houthi missile targeting (the) south of Riyadh.
There are no reported casualties at this time,” the government-run Center for
International Communication wrote on its Twitter account.
∑ Reports of the missile launch come as investors digested an update from operator of
the Forties pipeline Ineos who said Tuesday that the timeframe for the fix remained
two to four weeks starting from Dec. 11, the date of the shutdown.
DAILY RECOMMENDATION: Buy MCX CRUDE OIL JAN AROUND 3680 LEVELS
FOR TARGET OF T1 3730/ T2 3750 WITH SL 3600 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report - 20 DEC 2017
2
Capitalstars is a Sebi Registered &ISO Certified Company in Indore,
they provide Equity, Commodity, Nifty & Forex trading calls with profit in your
trading.
GET MORE DETAILS HERE:-
∑ Stock Advisory Company
∑ Trading Tips
∑ Financial Advisory company
∑ Stock Tips
∑ Share Market Company
∑ Forex trading tips
∑ Currency Tips
Also, you can visit:-
capitalstars quick payment
capitalstars career

5. CapitalStars Financial Research Pvt., Ltd., 5
SEBI Registration Number: INA000001647
MCX Daily Report -20 DEC 2017
Disclaimer
The information and views in this report & all the service we provide are believed to be reliable, but we do not
accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits
them the most. Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and up on sources that we consider reliable. This material is for personal
information and based upon it & takes no responsibility. The information given herein should be treated as only
factor, while making investment decision. The report does not provide individually tailor-made investment advice.
My research recommends that investors independently evaluate particular investments and strategies, and
encourages investors to seek the advice of a financial adviser.
Capital Stars shall not be responsible for any transaction conducted based on the information given in this report,
which is in violation of rules and regulations of regulators. The price projections shown are not necessarily
indicative of future price performance. The information herein, together with all estimates and forecasts, can
change without notice. It is understood that anyone who is browsing through the site has done so at his free will
and does not read any views expressed as a recommendation for which either the site or its owners or anyone can
be held responsible for. Investment & Trading in Securities Markets are always subjected to market risk.
Capitalstars Financial Research Private Ltd., Reserves all Rights.
CONTACT US
REGISTERED OFFICE
Capitalstars Financial Research Private Limited
PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE
Email :- backoffice@capiltalstars.in
Report Is Checked By Investment Advisor :