bullion report

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 03 MAY 2018 News High lights Gold demand posts weakest start to the year since 2008: WGC. Gold demand posted its weakest start to the year in a decade, the World Gold Council said on Thursday, as prices of the metal stagnated and the threat of rising interest rates led investors to seek better returns elsewhere. Global gold demand totaled 973.5 tonnes in the January to March period, down 7 percent year on year and the weakest first quarter since 2008. That coincided with a period of calm in the gold market, which saw prices hold within their narrowest range of any quarter in more than a decade. "It works both ways - for people in the retail space, a price drop can be an entry point, and if the price is rising, people want to take advantage of that momentum." The biggest drop in demand came from the investment sector, with bar and coin consumption down by 15 percent and buying of gold-backed exchange-traded funds two-thirds lower year on year. Zinc dropped tracking weakness in LME prices closed down 0.2 percent at $3,047 a tonne after prices seen supported after a report showed a resilient economy. Zinc on MCX settled down -0.66% at 204.20 tracking weakness from LME Zinc which closed down 0.2 percent at $3,047 a tonne since U.S. President Donald Trump has postponed the imposition of steel and aluminium tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said. European zinc premiums were largely flat in the week to May 1 despite significant deliveries of ingots into London Metal Exchange-approved warehouses in Antwerp; meanwhile, worries over disrupted Iranian lead supply have pushed up lead premiums in India which is a traditional importer of Iranian units. While earlier in the day prices got some support as Chinese steel prices soared and a private survey showed growth in China’s manufacturing sector unexpectedly picked up in April. Spot copper offers in Shanghai dip further. Spot copper in the Shanghai market was offered at a discount of 50-10 yuan/mt against the SHFE 1805 contract on the morning of Thursday May 3, SMM learned. This is down from a discount of 20 yuan/mt to a premium of 20 yuan/mt in the previous morning. Oil prices fall on rising U.S. crude inventories, record production. Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.Prices were pulled down by a report from the U.S. Energy Information Administration (EIA) on Wednesday showing U.S. crude inventories jumped by 6.2 million barrels to 435.96 million barrels in the week to April 27, the highest level in 2018. "The (EIA) report showed a much larger than expected crude build for last week as well as an unexpected build in gasoline inventories," said William O'Loughlin, investment analyst at Australia's Rivkin Securities.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 03 MAY 2018 Precious Metals CS GOLD (JUNE) OVERVIEW: TREND : SIDEWAYS RESIST 2: 31200 RESIST 1: 31100 SUP 1: 30750 SUP 2: 30650 WWW.CAPITALSTARS.COM +917316690000 CS SILVER (JULY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 40100 RESIST 1: 39900 SUP 1: 39100 SUP 2: 38900 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (JUNE) OVERVIEW: TREND : SIDEWAYS RESIST 2: 460.00 RESIST 1: 458.00 SUP 1: 449.00 SUP 2: 447.00 WWW.CAPITALSTARS.COM +917316690000 CS NICKEL (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 955.00 RESIST 1: 950.00 SUP 1: 915.00 SUP 2: 910.00 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (MAY) OVERVIEW: TREND : BEARISH RESIST 2: 212.00 RESIST 1: 210.00 SUP 1: 201.00 SUP 2: 199.00 WWW.CAPITALSTARS.COM +917316690000 CS LEAD (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 158.00 RESIST 1: 156.00 SUP 1: 151.00 SUP 2: 149.00 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (MAY) OVERVIEW: TREND : BULLISH RESIST 2: 161.00 RESIST 1: 159.00 SUP 1: 152.00 SUP 2: 150.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 4610 RESIST 1: 4570 SUP 1: 4470 SUP 2: 4430 WWW.CAPITALSTARS.COM +917316690000 CS NATURAL GAS (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 189.00 RESIST 1: 187.00 SUP 1: 182.00 SUP 2: 180.00 WWW.CAPITALSTARS.COM +917316690000

3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 03 MAY 2018 Pick for the Day MCX Crude Oil May on Wednesday as seen in the daily chart opened at 4510 levels and day high of 4530 levels. During this period price corrected & made day low of 4475 levels finally closed at 4512 levels. Now, there are chances of furtherupside movement technically & fundamentally.  U.S. oil production also rose to a record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016.(For a graphic on U.S. oil production and storage levels click https://reut.rs/2riHTd9)   The United States now produces more crude oil than top exporter and Saudi Arabia, the biggest producer in the Organization of the Petroleum Exporting Countries.   Only Russia currently pumps more oil, at around 11 million bpd, though the United States could surpass that level soon.   DAILY RECOMMENDATION: BUY MCX CRUDE OIL MAY AROUND 4510 LEVELS FOR TARGET OF T1 4560/ T2 4590 WITH SL 4430 OF LEVELS.

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