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1. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
28 DECEMBER 2016
MCX DAILY NEWS LETTER
CapitalStars Financial Research Pvt. Ltd.

2. Gold, silver settled higher on Tuesday.
Highlights
SHFE Copper to Strengthen.
Oil prices edge down ahead of OPEC, non-OPEC production cuts.
PRECIOUS METALS
The prices of gold and silver settled higher today on Wall Street. The price of gold was $1140.30, up 0.59%,
or $6.50 per troy ounce at settlement on Tuesday. Silver settled higher today too, at $16.01, up 1.56%, or
0.256 per ounce. The settlement was near a two-week high on government inflation data from Japan.
Trading was moderate with investors in the U.S. returning to work after the lengthy Christmas weekend.
London markets are still closed.
Analysts reckon broad concerns about European bank solvency and uncertainty surrounding President-
elect Donald Trump's economic policies will likely bolster gold prices in 2017. Trump today named a new
national security advisor for domestic terrorism, Tom Bossert, a former deputy assistant for homeland
security to President George W. Bush, but made no economic policy news.
Gold likely gained support at $1,337.50, the low from July 20 and was met with resistance at $ rate
BASE METALS
Market will see light data on Wednesday. LME market resumes trading on Wednesday, and LME copper is
expected to open higher with firm SHFE 1703 copper and will range between USD 5,540-5,690/mt. SHFE
1703 copper is expected to increase with strong rising strength on Wednesday but will meet resistance at
the 20-day moving average, and there is a possible decline resulted by exits of longs. SHFE 1703 copper is
predicted to move at RMB 45,150-46,340/mt on Wednesday.
China has released provisional tax rate for copper import and export in 2017, SMM reported. Tax rates for
copper import and export were left untouched in 2017 compared to 2016.
The Adjustment Plan for Customs Duties in 2017 was approved by the State Council and will take effect
January 1, 2017.
ENERGIES
Oil prices edged down on Wednesday in quiet early Asian trading as the market waits to see how OPEC and
non-OPEC members carry through on planned supply cuts in the new year. U.S. benchmark West Texas
Intermediate crude oil prices (CLc1) were down 7 cents at $53.83 per barrel after settling up 88 cents at
$53.90 a barrel in the previous session. Trading is expected to remain thin this week ahead of the New Year
holiday.
The market is taking a wait-and-see approach on the official start of the landmark deal reached by the
Organization of the Petroleum Exporting Countries (OPEC) and several non-OPEC members to reduce their
output. The deal is set to kick in from Jan. 1.
OPEC and non-OPEC producers are expected to lower production by almost 1.8 million barrels per day
(bpd), with Saudi Arabia, OPEC's largest producer, agreeing to bear the lion's share of the cuts.
SEBI Registration Number: INA000001647,,, MCX Daily News Letter

3. PRECIOUS LEVELS
CS GOLD (FEBRUARY) OVERVIEW: CS SILVER (MARCH) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2: 27600 RESIST 2: 39900
RESIST 1: 27450 RESIST 1: 39650
SUP 1: 27050 SUP1: 39150
SUP 2: 26850 SUP2: 38750
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BASEMETAL LEVELS
CS COPPER ( FEBRUARY ) OVERVIEW: CS NICKEL (DECEMBER) OVERVIEW:
TREND : BULLISH TREND : BEARISH
RESIST 2:386 RESIST 2: 715
RESIST 1:384 RESIST 1: 707
SUP1:378 SUP1: 685
SUP2:375 SUP2: 670
WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000
CS ZINC ( DECEMBER) OVERVIEW: CS LEAD (DECEMBER ) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2:178.00 RESIST 2: 146.00
RESIST 1:176.00 RESIST 1: 144.00
SUP1:172.00 SUP1: 138.00
SUP2:170.00 SUP2: 136.00
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CS ALUMINIUM (DECEMBER) OVERVIEW:
TREND : BULLISH
RESIST 2: 120.50
RESIST 1: 115.50
SUP1: 117.50
SUP2: 116.00
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ENERGY LEVELS
CS CRUDE OIL (JANUARY) OVERVIEW: CS NATURAL GAS ( JANUARY) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2:3760 RESIST 2:260.00
RESIST 1:3720 RESIST 1:257.00
SUP1:3600 SUP1:250.00
SUP2:3550 SUP2:247.00
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SEBI Registration Number: INA000001647,,, MCX Daily News Letter

4. PICK FOR THE DAY
MCX CRUDE OIL January Tuesday as seen in the daily chart opened at 3614 levels and
day high of 3682 levels. During this period price corrected & made day low of 3614
levels finally closed at 3676 levels. Now, there are chances of further upward
movement technically & fundamentally.
The market is taking a wait-and-see approach on the official start of the landmark deal reached by
the Organization of the Petroleum Exporting Countries (OPEC) and several non-OPEC members to
reduce their output. The deal is set to kick in from Jan. 1.
DAILY RECOMMENDATION: BUY MCX CRUDE OIL JANUARY AROUND 3650
LEVELS FOR TARGET OF T1 3750/T2 3800 WITH SL OF 3550 LEVELS.

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SEBI Registration Number: INA000001647,,, MCX Daily News Letter

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SEBI Registration Number: INA000001647,,, MCX Daily News Letter