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CAPITALSTARS – MCX COMMODITY MARKET LEVELS – 04 APR 2019

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BULLION – Bullion counter may trade with sideways path. Gold prices inched up on Thursday as the dollar eased and a rally in equities paused, while investors kept a close watch on Sino-U.S. trade talks. Asian shares paused near an eight-month peak as investors awaited developments on trade talks between the United States and China, who appear closer to signing a deal.

ENERGY- Crude oil may trade on negative note as oil prices. Oil prices dipped on Thursday, with Brent edging away from the psychologically important $70 level after easing in the previous session on data showing a surprise build in U.S. inventories. Crude oil inventories in the United States rose by 7.2 million barrels last week, as net imports climbed, the Energy Information Administration said on Wednesday.

BASE METAL – Base metals prices may trade in green as prices of copper and other industrial metals rose on Wednesday as strong Chinese manufacturing data and reports of progress in U.S.- China trade talks bolstered the demand outlook. The Chinese Caixin/Markit composite manufacturing and services PMI rose to a nine-month high in March, adding to signs that stimulus is gradually kicking in.

PRECIOUS METALS
CS GOLD (JUN) OVERVIEW:
TREND : BEARISH
RESIST 2: 31800
RESIST 1: 31700
SUP 1: 31500
SUP 2: 31400

CS SILVER (MAY) OVERVIEW:
TREND : BEARISH
RESIST 2: 37700
RESIST 1: 37500
SUP 1: 37000
SUP 2: 36900

BASE METALS
CS COPPER (APR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 451.00
RESIST 1: 449.00
SUP 1: 444.00
SUP 2: 442.00

CS NICKEL (MAR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 930.00
RESIST 1: 923.00
SUP 1: 910.00
SUP 2: 904.00

CS ZINC (MAR) OVERVIEW:
TREND : BULLISH
RESIST 2: 230.00
RESIST 1: 228.00
SUP 1: 222.00
SUP 2: 218.00

CS LEAD (MAR) OVERVIEW:
TREND : BEARISH
RESIST 2: 140.00
RESIST 1: 139.00
SUP 1: 137.00
SUP 2: 136.00

CS ALUMINIUM (MAR) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 149.00
RESIST 1: 148.00
SUP 1: 146.00
SUP 2: 145.00

ENERGY
CS CRUDE OIL (APR) OVERVIEW:
TREND : BULLISH
RESIST 2: 4370
RESIST 1:4320
SUP 1: 4250
SUP 2: 4220

CS NATURAL GAS (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 188.00
RESIST 1: 186.00
SUP 1: 183.00
SUP 2: 182.00

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