CapitalStars Financial Research Pvt., Ltd.

, 1
SEBI Registration Number: INA000001647

MCX Daily Report 21ST MAY 2019

News Highlights
BULLION - Bullion counter may trade on weaker bias as gold eased on Tuesday after touching a
more than two-week low in the previous session, as strong dollar diminished bullion’s safe-haven
appeal amid heightening Sino-U.S. trade tensions. The dollar held near a 2-1/2-week high on
Tuesday, supported by higher U.S.-yields and as intensifying trade frictions between the United
States and China boosted appetite for the safe-haven greenback. Worries that the United States
and China were digging in for a longer, costlier trade war weighed on financial markets on
Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end
their dispute. Gold, which is generally considered a safe-haven asset, has shrugged most news of
escalating political tensions, much to the bulls’ dismay. Elsewhere, Russia raised gold holdings by
15.15 tonnes to 2,183.52 tonnes in April, data from the International Monetary Fund (IMF)
showed on Monday. Russia’s gold reserves stood at 70.2 million troy ounces as of the start of
May, the country’s central bank said on Monday.

ENERGY- Crude oil may trade with upside bias as oil prices edged up on Tuesday on escalating
tensions between the United States and Iran and on signs that producer club OPEC will continue
withholding supply this year. However, gains were checked by concerns that a prolonged Sino-
U.S. trade war could lead to a global economic slowdown. U.S. President Donald Trump on
Monday threatened Iran with "great force" if it attacked U.S. interests in the Middle East. This
came after a rocket attack in Iraq's capital Baghdad, which Washington suspects to have been
organized by militia with ties to Iran. The tension comes amid an already tight market as the
Organization of the Petroleum Exporting Countries (OPEC), Russia and other non-OPEC producers
have been withholding supply since the start of the year to prop up prices. A meeting has been
scheduled for June 25-26 to discuss the policy, but the cartel is now considering moving the event
to July 3-4, according to OPEC sources on Monday, with its de-facto leader Saudi Arabia signalling
a willingness to continue withholding output. U.S. natural gas futures climbed to a five-week high
due to a steep drop in production and on forecasts power generators would burn more gas than
previously expected to produce electricity to meet higher air conditioning demand over the next
two weeks.

BASE METAL - Base metals may remain with witness some bounce back at lower levels London
copper prices rose in early Asian trade on Tuesday after the United States temporarily eased
some trade restrictions on Chinese telecoms giant Huawei. On Thursday, the U.S. government
had added Huawei and 68 entities to an export blacklist that makes it nearly impossible for the
Chinese company to purchase goods made in the United States, escalating Sino-U.S. trade
tensions and weighing on prices for industrial metals. The global world refined copper market
showed a 74,000 tonnes surplus in February, compared with a 33,000 tonnes deficit in January,
the International Copper Study Group (ICSG) said in its latest monthly bulletin.
CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647

MCX Daily Report 21ST MAY 2019

Precious Metals
CS GOLD (JUN) OVERVIEW: CS SILVER (JUL) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2: 31800 RESIST 2: 36700
RESIST 1: 31700 RESIST 1: 36500
SUP 1: 31400 SUP 1: 36200
SUP 2: 31200 SUP 2: 36000
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927

Base Metals
CS COPPER (JUN) OVERVIEW: CS NICKEL (MAY) OVERVIEW:
TREND : BEARISH TREND : SIDEWAYS
RESIST 2: 429.00 RESIST 2: 847.00
RESIST 1: 425.00 RESIST 1: 842.00
SUP 1: 420.00 SUP 1: 830.00
SUP 2: 417.00 SUP 2: 823.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927

CS ZINC (MAY) OVERVIEW: CS LEAD (MAY) OVERVIEW:

TREND : SIDEWAYS TREND : BEARISH
RESIST 2: 217.00 RESIST 2: 128.00
RESIST 1: 215.00 RESIST 1: 127.00
SUP 1: 211.00 SUP 1: 125.00
SUP 2: 209.00 SUP 2: 124.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927

CS ALUMINIUM (MAY) OVERVIEW:

TREND : BEARISH
RESIST 2: 150.00
RESIST 1: 148.00
SUP 1: 144.00
SUP 2: 143.00
WWW.CAPITALSTARS.COM +919977499927

Energy
CS CRUDE OIL (MAY) OVERVIEW: CS NATURAL GAS (MAY) OVERVIEW:
TREND : SIDEWAYS TREND : SIDEWAYS
RESIST 2: 4500 RESIST 2: 191.00
RESIST 1:4430 RESIST 1: 189.00
SUP 1: 4320 SUP 1: 185.00
SUP 2: 4280 SUP 2: 182.00
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
 CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647

MCX Daily Report 21ST MAY 2019

Pick for the DAY

MCX LEAD MAY on MONDAY as seen in the Daily chart opened at 127.00 levels and made
day low of 125.25 Levels. During this period SILVER JUL High is 127.00 levels and finally
closed at 125.35 levels. Now, there are chances of down movement technically &
fundamentally.

DAILY RECOMMENDATION: SELL MCX LEAD MAY BELOW 125.75 LEVELS FOR TARGET
OF 124.75/123.50 WITH SL 126.80 OF LEVELS.
 CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647

MCX Daily Report 21ST MAY 2019

Disclaimer
The information and views in this report & all the service we provide are believed to be reliable, but we do not
accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits
them the most. Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and up on sources that we consider reliable. This material is for personal
information and based upon it & takes no responsibility. The information given herein should be treated as only
factor, while making investment decision. The report does not provide individually tailor-made investment advice.
My research recommends that investors independently evaluate particular investments and strategies, and
encourages investors to seek the advice of a financial adviser.

Capital Stars shall not be responsible for any transaction conducted based on the information given in this report,
which is in violation of rules and regulations of regulators. The price projections shown are not necessarily
indicative of future price performance. The information herein, together with all estimates and forecasts, can
change without notice. It is understood that anyone who is browsing through the site has done so at his free will
and does not read any views expressed as a recommendation for which either the site or its owners or anyone can
be held responsible for. Investment & Trading in Securities Markets are always subjected to market risk.

Capitalstars Financial Research Private Ltd., Reserves all Rights.

CONTACT US

BRANCH OFFICE

Capitalstars Financial Research Private Limited

PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE
REGISTERED OFFICE
PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE
Email :- backoffice@capitalstars.com
CONTACT US:- 9039012727/9977499927

Report Is Checked By Investment Advisor: