MCX_DAILY_REPORT

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 10 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.

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Oil recovers some previous losses but doubts over supply cuts linger. Highlights Copper jumps in Asia after China prices gold gains. Gold settled down by 0.24 on Monday. PRECIOUS METALS Gold markets appear to be gearing up for the Trump administration according to market analysts. The futures market for gold was up today by 0.91 to 1184.10. Silver prices increased too up 0.97 to 16.68 during intraday trading. But gold settled at 1182.20 down 0.24. Markets are reassessing views of the incoming Trump White House analysts said. The precious metal had slid 12 in price since the election and it has been anticipated that the president-elects policies would be inflationary. But there is some trimming of the early expectations as investors now are adopting a wait and see attitude to economic growth. The President-elect is considering changes across a wide variety of government agencies and departments and policy areas according to Sean Spicer a spokesman for the Republican National Committee RNC and the incoming White House press secretary. Gold likely gained support at 1337.50 the low from July 20 and was met with resistance at rate BASE METALS Gold prices gained in Asia on Tuesday as prices data out of China which vies with India as the worlds top importer of the yellow metal offered support and aided the bellwether industrial metal copper. On the Comex division of the New York Mercantile Exchange gold for February delivery edged up 0.11 to 1.186.25 a troy ounce while copper futures jumped 0.87 to 2.554 a pound after data on prices and a reading on economic growth buoyed sentiment. In China consumer prices for December rose 0.2 month-on-month compared to a 0.3 gain seen and at an annual pace of 2.1 compared to 2.3 expected. Producer prices jumped 5.5 in December year-on- year at the fastest pace in five years compared to a 4.5 gain seen. As well Chinas planning commission said economic growth in 2016 was expected to be around 6.7 percent within a target of 6.5-7 percent. ENERGIES Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. Both of the contracts on Monday lost nearly 4 percent. Analysts said the small gains on Tuesday came from expectations that some of the cuts planned by the Organization of the Petroleum Exporting Countries OPEC and producers such as Russia would materialize despite doubts over full implementation. "Coordinated output cuts will support the market rebalancing that will draw down global stock levels leading us to revise up our Brent crude forecast for 2017 to 57 per barrel" BMI Research said. SEBI Registration Number: INA000001647 MCX Daily News Letter

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PRECIOUS LEVELS CS GOLD FEBRUARY OVERVIEW: CS SILVER MARCH OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2: 28300 RESIST 2: 41500 RESIST 1: 28200 RESIST 1: 41200 SUP 1: 27900 SUP1: 40200 SUP 2: 27700 SUP2: 39750 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER FEBRUARY OVERVIEW: CS NICKEL JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:390 RESIST 2: 722 RESIST 1:388 RESIST 1: 716 SUP1:380 SUP1: 692 SUP2:376 SUP2: 684 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC JANUARY OVERVIEW: CS LEAD JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:188.00 RESIST 2: 148.00 RESIST 1:186.00 RESIST 1: 147.00 SUP1:180.00 SUP1: 142.00 SUP2:178.00 SUP2: 140.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM JANUARY OVERVIEW: TREND : BULLISH RESIST 2: 119.50 RESIST 1: 118.50 SUP1: 116.50 SUP2: 115.00 WWW.CAPITALSTARS.COM +917316790000 ENERGY LEVELS CS CRUDE OIL JANUARY OVERVIEW: CS NATURAL GAS JANUARY OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2:3700 RESIST 2:221.00 RESIST 1:3650 RESIST 1:219.00 SUP1:3500 SUP1:210.00 SUP2:3450 SUP2:207.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 SEBI Registration Number: INA000001647 MCX Daily News Letter

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PICK FOR THE DAY MCX CRUDE OIL January Monday as seen in the daily chart opened at 3665 levels and day high of 3674 levels. During this period price corrected made day low of 3564 levels finally closed at 3574 levels. Now there are chances of further downward movement technically fundamentally. Coordinated output cuts will support the market rebalancing that will draw down global stock levels leading us to revise up our Brent crude forecast for 2017 to 57 per barrel" BMI Research said. DAILY RECOMMENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3600 LEVELS FOR TARGET OF T1 3500/T2 3450 WITH SL OF 3700 LEVELS. SEBI Registration Number: INA000001647 MCX Daily News Letter

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