MCX_DAILY_REPORT_(2)

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 16 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.

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SHFE Copper to See Range-Bound Trading. Highlights Oil prices edge up on weaker dollar expected crude output cuts. Gold gains in Asia as investors seek safety on Brexit Trump concerns. PRECIOUS METALS Gold prices gain on Monday in Asia as the British pound fell on the terms of Brexit that could be outlined in a speech by Prime Minister Theresa May on Tuesday and as President-elect Donald Trump roiled markets with interviews and tweets on topics from BMWs manufacturing in mexico to cutting nuclear weapons ahead of his inauguration. Gold for February delivery rose 0.40 at 1200.95 a troy ounce on the Comex division of the New York Mercantile Exchange. Investors will be looking ahead to Thursday’ policy announcement by the European Central bank and Chinese data on fourth quarter growth due for release on Friday. On Monday U.S. financial markets will be closed for Martin Luther King Day and Bank of England Governor Mark Carney is due to speak at an event in London. Gold likely gained support at 1337.50 the low from July 20 and was met with resistance at rate BASE METALS LME copper is expected to move at USD 5850-5920/mt during Asian trading hours on Monday and SHFE 1703 copper will move at RMB 47700-48200/mt. In China’s domestic market spot copper should trade at discounts of RMB 150-50/mt on Monday. Market players will see a light data calendar on Monday and eyes should be on final reading of Italy’s CPI in December 2016 European trade balance in November 2016 and Canada’s economic sentiment index as of last week. US Federal Reserve officials reached consensus on expectation over rate-hiking but the times will be discussed further. Besides many Fed officials have intention to narrow balance sheet tightening monetary policy which will trigger big turbulence in market. US dollar increased slightly on January 13 but was weighed down by the moving averages. So US dollar index will fluctuate at lows sending base metals up. Trading will be brisk on Monday. But some metals will stage technical corrections after surging. ENERGIES Oil prices inched up on Monday supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. Traders said that prices were buoyed by a weakening dollar which makes fuel purchases cheaper for countries that use other currencies domestically potentially spurring demand. After spending much of the second half of 2016 in an upward trend the dollar has fallen around 2.5 percent against a basket of other leading currencies DXY since its early-January peak. The greenback is in particular focus for international investors this week as Donald Trump is set to take office as the next U.S. president on Friday. Oil also continued to receive support from an announced crude output cut from major producers including the Organization of the Petroleum Exporting Countries OPEC and Russia. 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: 28850 RESIST 2: 41700 RESIST 1: 28700 RESIST 1: 41400 SUP 1: 28400 SUP1: 40900 SUP 2: 28250 SUP2: 40600 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER FEBRUARY OVERVIEW: CS NICKEL JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:410 RESIST 2: 730 RESIST 1:407 RESIST 1: 720 SUP1:401 SUP1:700 SUP2:396 SUP2:685 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC JANUARY OVERVIEW: CS LEAD JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:193.00 RESIST 2: 160.00 RESIST 1:191.00 RESIST 1: 158.00 SUP1:187.00 SUP1: 153.00 SUP2:185.00 SUP2: 151.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM JANUARY OVERVIEW: TREND : BULLISH RESIST 2: 125.50 RESIST 1: 124.50 SUP1: 122.50 SUP2: 121.00 WWW.CAPITALSTARS.COM +917316790000 ENERGY LEVELS CS CRUDE OIL JANUARY OVERVIEW: CS NATURAL GAS JANUARY OVERVIEW: TREND : SIDEWAYS TREND : BULLISH RESIST 2:3690 RESIST 2:245.00 RESIST 1:3650 RESIST 1:240.00 SUP1:3500 SUP1:231.00 SUP2:3470 SUP2:228.00 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 Friday as seen in the daily chart opened at 3613 levels and day high of 3629 levels. During this period price corrected made day low of 3566 levels finally closed at 3586 levels. Now there are chances of further downward movement technically fundamentally. Oil also continued to receive support from an announced crude output cut from major producers including the Organization of the Petroleum Exporting Countries OPEC and Russia. 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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