This Document is regarding Daily MCX Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 31 Aug 2018
News Highlights
Gold headed for longest monthly losing streak since 2013.
Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering
Sino-US trade tensions, and the yellow metal was headed for its fifth straight monthly decline. Spot gold
was down 0.1 per cent at $1,198.66 an ounce at 0029 GMT. Prices were on track for fifth straight monthly
decline, the metal's longest losing streak since early 2013. They are down about 2 per cent so far this
month. US gold futures were mostly steady at $1,204 an ounce. US President Donald Trump is prepared to
quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion
more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg
News reported on Thursday. Policy and regulatory certainty in South Africa could potentially add 122 billion
rand ($8 billion) in capital expenditure to the struggling mining sector over the next four years, the Minerals
Council's chief executive said on Thursday.
Investor risk aversion intensifies as US President Donald Trump plans to move forward with tariffs.
Investor risk aversion intensifies as US President Donald Trump plans to move forward with tariffs on
another $200 billion worth of Chinese imports, according to a new report. This is set to weigh on copper
prices in the short run. We expect LME copper to test support at the 10-day moving average, with the
SHFE 1810 contract hovering around 48,500 yuan/mt today. Spot premiums are seen at 60-120
yuan/mt.
LME nickel extended its losses during the European trading period.
LME nickel tumbled to the $13,200/mt level before it pared some losses and closed at
$13,310/mt on Thursday. The SHFE 1811 contract plummeted to a low of 108,180 yuan/mt before it
regained some losses and closed overnight at 108,620 yuan/mt. Growing inventories in China eroded
upward momentum in SHFE nickel prices and fuelled bearish
market sentiment. We expect LME nickel to hover around $13,300/mt today and the SHFE 1811
contract to trade at 108,500-110,000 yuan/mt. Spot prices are seen at 108,000- 112,000 yuan/mt.
Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support.
Oil prices dipped on Friday amid concerns the trade war between the United States and China could
intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling
further. Still, with Venezuelan supply falling sharply and concerns around U.S. sanctions against Iran that
will target its oil exports from November, crude markets in August are on track to post a more than 4
percent rise for Brent and a 2 percent

2. increase for WTI. In a sign of a tightening market, the amount of unsold crude stored in the Atlantic basin
has dwindled from around 30 cargoes to just a handful in recent weeks, trade data showed. this, analysts
cautioned that the trade disputes between the United States and other major economies, especially
China and the European Union, could start to drag on economic growth and, by extension, fuel demand.

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MCX Daily Report 31 Aug 2018
Precious Metals
CS GOLD (OCT) OVERVIEW: CS SILVER (SEP) OVERVIEW:
TREND : BULLISH TREND : BEARISH
RESIST 2: 30450 RESIST 2: 37400
RESIST 1: 30350 RESIST 1: 37250
SUP 1: 29950 SUP 1: 36800
SUP 2: 29700 SUP 2: 36600
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Base Metals
CS COPPER (NOV) OVERVIEW: CS NICKEL (SEP) OVERVIEW:
TREND : BULLISH TREND : SIDEWAYS
RESIST 2: 442.00 RESIST 2: 959.00
RESIST 1: 436.00 RESIST 1: 952.00
SUP 1: 425.00 SUP 1: 938.00
SUP 2: 420.00 SUP 2: 930.00
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CS ZINC (SEP) OVERVIEW: CS LEAD (SEP) OVERVIEW:
TREND : SIDEWAYS TREND : SIDEWAYS
RESIST 2: 182.50 RESIST 2: 152.50
RESIST 1: 180.50 RESIST 1: 150.00
SUP 1: 176.00 SUP 1: 146.00
SUP 2: 174.00 SUP 2: 144.50
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CS ALUMINIUM (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2: 155.00
RESIST 1: 154.00
SUP 1: 148.00
SUP 2: 146.50
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Energies
CS CRUDE OIL (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2: 5100
RESIST 1: 5050
SUP 1: 4920
SUP 2: 4880
CS NATURAL GAS (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 209.00
RESIST 1: 207.50
SUP 1: 200.00
SUP 2: 198.00

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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 31 Aug 2018
Pick for the DAY
MCX GOLD OCT on Thursday as seen in the Daily chart opened at 30151
levels and made day High of 30316 levels. During this period GOLD came
down to 30110 levels and finally closed at 30170 levels. Now, there are
chances of up movement technically & fundamentally.
Gold inched lower on Friday, as the dollar stayed firm on
expectations of rising interest rates amid lingering Sino-US trade tensions,
and the yellow metal was headed for its fifth straight monthly decline.
Prices were on track for fifth straight monthly decline, the metal's longest
losing streak since early 2013.
DAILY RECOMMENDATION: BUY MCX GOLD OCT ABOVE 30300
LEVELS FOR TARGET OF 30400/30450 WITH SL 30150 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 31 Aug 2018
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