This Document is regarding Daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 05 DEC 2018
News Highlights
Gold prices steady as dollar edges higher.
Gold prices were steady early Wednesday as the dollar edged up, while palladium dipped from record
highs touched in the previous session but was in close proximity to the bullion. Spot gold was at
$1,236.85 per ounce at 0121 GMT. In the previous session, prices touched a peak of $1,241.86, their
highest since Oct. 26. US gold futures were down 0.4 per cent at
$1,241.4 per ounce. One of the most influential Federal Reserve policymakers said on Tuesday he
expects further interest rate hikes continuing next year since the US economy is "in really good shape,"
reinforcing the Fed's upbeat tone in the face of growing doubts in financial markets. US President Donald
Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China, but
warned he would revert to tariffs if the two sides could not resolve their differences.
Copper prices are expected to stay at highs as a ceasefire in the US-China trade war.
London copper fell to close at $6,168.5/mt overnight as shorts built their bets on the recovery of the US
dollar. The SHFE 1902 contract slid to close at 49,230 yuan/mt after a lower open overnight. Copper prices
are likely to remain range bound at lows today with a trading range of $6,150-6,200/mt for LME copper and
of 49,200-49,700 yuan/mt for the SHFE 1902 contract. Spot premiums are seen at 110-260 yuan/mt.
Weak domestic fundamentals could provide nickel with limited upward momentum.
London nickel relinquished earlier gains and closed at $11,130/mt overnight as the US dollar climbed. The
SHFE 1901 contract tumbled and closed at 90,740 yuan/mt overnight as gains in the dollar encouraged
shorts to add bets and forced longs to cut bets. LME nickel is expected to weaken to hover around
$11,100/mt today and the SHFE 1901 contract is expected to trade at 90,500-92,000 yuan/mt. Spot prices
are seen at 90,500-99,500 yuan/mt.
OPEC Deal in Balance as Saudi Arabia, Russia Gather for Talks.
With less than 48 hours to go before a critical OPEC gathering, Saudi Arabia and Russia are set to meet in
Vienna for a make-or-break preparatory meeting on Wednesday that’s going to set the direction for the oil
market. The stakes are high after crude prices suffered their largest monthly drop since the global financial
crisis in November, and politicians from U.S. President Donald Trump to French President Emmanuel
Macron have called on OPEC to keep energy prices in check. Saudi Energy Minister Khalid Al-Falih on
Tuesday cautioned an output deal wasn’t done -- at least not yet. In an interview with Bloomberg, Al-Falih
said that it was “premature” to say that the OPEC+ group, which includes allies such as Russia and
Kazakhstan, will agree to cut output. His comments were less bullish than last month’s statements in Abu
Dhabi when he called for 1 million barrels a day of production cuts. Crude gave up much of its gains on
Tuesday following his comments. The opportunity for countries to put their cards on the table comes on
Wednesday at the Joint Ministerial Monitoring Committee, the panel that oversees the 2016 deal between
OPEC and its allies.

2. Precious Metals

3. CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report 05 DEC 2018
CS GOLD (FEB) OVERVIEW:
TREND : BULLISH
RESIST 2: 31100
RESIST 1: 31000
SUP 1: 30800
SUP 2: 30700
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CS SILVER (MAR) OVERVIEW:
TREND : BULLISH
RESIST 2: 37500
RESIST 1: 37300
SUP 1: 37000
SUP 2: 36800
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Base Metals
CS COPPER (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 446.00
RESIST 1: 442.00
SUP 1: 434.00
SUP 2: 430.00
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+919977499927
CS NICKEL (NOV) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 800.00
RESIST 1: 790.00
SUP 1: 780.00
SUP 2: 770.00
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+919977499927
CS ZINC (DEC) OVERVIEW: CS LEAD (NOV) OVERVIEW:
TREND : BEARISH TREND : SIDEWAYS
RESIST 2: 186.00 RESIST 2: 141.00
RESIST 1: 184.00 RESIST 1: 139.00
SUP 1: 182.00 SUP 1: 137.00
SUP 2: 180.00 SUP 2: 135.00
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CS ALUMINIUM (NOV) OVERVIEW:
TREND : SIDEWAYS RESIST 2:
142.00
RESIST 1: 140.50
SUP 1: 139.00
SUP 2: 138.00
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Energies
CS CRUDE OIL (DEC) OVERVIEW:
TREND : BEARISH
RESIST 2: 3850
RESIST 1: 3800
SUP 1: 3700
SUP 2: 3650
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+919977499927
CS NATURAL GAS (DEC) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 325.00
RESIST 1: 320.00
SUP 1: 315.00
SUP 2: 310.00
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4. Pick for the DAY

5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 05 DEC 2018
MCX Crude on Friday as seen in the Daily chart opened at 3606 levels and
made day Low of 3606 Levels. During this period Crude High is 3790 levels
and finally closed at 3727 levels. Now, there are chances of up movement
technically & fundamentally.
The stakes are high after crude prices suffered their largest monthly drop since
the global financial crisis in November, and politicians from U.S. President
Donald Trump to French President Emmanuel Macron have called on OPEC
to keep energy prices in check.
The opportunity for countries to put their cards on the table comes on
Wednesday at the Joint Ministerial Monitoring Committee, the panel that
oversees the 2016 deal between OPEC and its allies.
DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3725
LEVELS FOR TARGET OF 3690/3680 WITH SL 3776 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 05 DEC 2018
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