#ChoiceBroking #Aajkatrend - Bullions: MCX Gold Oct Hourly Chart CMP: 31567

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices witnessed breakout of its Pennant Pattern at
31599 levels on hourly basis. On the other hand, prices have
been trading above its 50 HEMA which indicates positive
confirmation to the prices. Furthermore, COMEX Gold prices
has observed breakout of its Flag pattern at $1359 on hourly
chart. Moreover, Momentum Indicator RSI is trading above 70
levels on hourly time frame. For now we expect prices should
move higher towards 31950 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Oct Hourly Chart CMP: 31567
MCX Gold (Oct) Trend: Bullish
Price potential: 31950 Reversal:31350
MCX Silver Sept Hourly Chart CMP: 47711
Technical View:
MCX Silver prices are trading above its trend line support on
hourly basis. On the other hand, MCX Silver prices have been
trading above its 50 HEMA which indicates positive
confirmation to the prices. Furthermore COMEX Silver prices
are trading in a Higher High Higher Low on 4 hour basis.
Moreover, momentum indicator RSI is trading above 60 levels
on hourly chart. For now we expect prices to move higher
towards 48450 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 48450 Reversal: 47400
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31470 31412 31314 31510 31568 31608 31706
Silver 47653 47384 46910 47858 48127 48332 48806
02nd Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakdown of its
Rectangle pattern at 327.50 levels on hourly basis.
Moreover, MCX Copper prices are trading below its super
trend indicator on hourly chart. Furthermore, counter is
trading below its 50 HEMA on hourly time frame. On the
other hand, momentum indicator RSI has drift below 40
levels on hourly chart. For now we expect prices to move
lower towards 318 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 325.90
MCX Copper (Aug) Trend: Bearish
Price potential: 318 Reversal: 330.50
MCX Crude Oil Aug. Hourly Chart CMP: 2681
Technical View:
MCX Crude Oil prices breached its Horizontal trend line
support at 2704 levels on hourly time frame. On the other
hand prices have been trading below its 50 HEMA on hourly
chart. In Addition, COMEX Crude oil prices are trading in
Lower Low Lower High formation 4 hour chart. Moreover,
Momentum indicator RSI is trading below 30 on hourly chart.
For now we expect prices to move lower towards 2620
levels in coming trading sessions.
MCX Crude Oil (Aug) Trend: Bearish
Price potential: 2620 Reversal: 2750
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 325.2 323.3 317.7 329.0 330.9 334.6 340.3
Crude 2658 2618 2503 2733 2773 2848 2963
Base Metal
Energy
Aaj Ka Trend
02nd Aug’16

3. Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Other Base Metals & Energy
S1 S2 S3 Pivot R1 R2 R3 Trend
Copper 325.2 323.3 317.7 329.0 330.9 334.6 340.3
Aluminum 108.8 108.1 106.2 110.0 110.7 111.9 113.8
Lead 121.2 120.6 118.7 122.4 123.1 124.3 126.1
Nickel 713.3 709.4 700.5 718.3 722.2 727.2 736.1
Zinc 150.6 149.8 148.2 151.5 152.2 153.1 154.8
Natural Gas 186.9 185.1 180.4 189.8 191.6 194.5 199.2
Fundamental News:
 Gold drifted traded flat in Asia on Monday as manufacturing data in China diverged and the New York Fed's
William Dudley said market views on interest rates are too pessimistic.
 Gold prices edged lower in European trade on Monday, as investors looked to buy into rising equity
markets rather than purchasing safe-haven assets, but prices held near three-week highs amid waning
expectations that the Federal Reserve will raise interest rates anytime soon.
 Gold prices were slightly lower in North American trade on Monday, after data showed that U.S. construction
spending fell for a third straight month in June as outlays dropped across the board.
 Oil prices struggled near three-month lows in European trade on Monday, as signs of increasing production in
the U.S. and rising output among members of the Organization of the Petroleum Exporting Countries weighed.
 Oil prices fell on Monday, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions
continued to weigh on the market.
 Oil fell by over 1% on Monday after a brief relief from extended losses last month as oversupply concerns still
held sway.
 Oil prices fell back towards April lows in North American trade on Monday, reproaching bear market territory as
signs of increasing production in the U.S. and rising output among members of the Organization of the
Petroleum Exporting Countries weighed.
 U.S. natural gas futures declined on Monday, falling for the first time in three sessions as investors locked in
gains after prices climbed to a four-week high on Friday.
Aaj Ka Trend
02nd Aug’16

4. Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
International Market
Commodity Closing Price
Gold 1352.52
Silver 20.42
Crude Oil 40.17
Brent Crude Oil 42.32
Natural Gas 2.77
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.74
Dollar Index 95.75
EUR / USD 1.1167
CRB Index* 178.21
Closing as on 01.08.16 *Closing as on 01.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4882
Aluminum 1635
Zinc 2267
Lead 1823
Nickel 10735
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37850
Aluminum 12270
Zinc 17325
Lead 13970
Closing as on 01.08.16 Closing as on 01.08.16
LME INVENTORY DATA
Aaj Ka Trend
26-July-16 27-July-16 28-July-16 29-July-16 01-Aug-16
Aluminium 4975 -6000 -5850 -8825 -9650
Copper -7625 700 -5700 725 625
Lead 6 -75 -25 -50 -50
Nickel -125 1038 -54 -1524 -120
Zinc -200 -1000 -1575 -1400 -1425
02nd Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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Amit Pathania
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amit.pathania@choiceindia.com
Rohan Patil
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
02nd Aug’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Amit Pathania
Digitally signed by Amit Pathania
DN: cn=Amit Pathania, o=Choice Equity Broking Pvt.
ltd, ou=Research Department,
email=amit.pathania@choiceindia.com, c=IN
Date: 2016.08.02 08:44:00 +05'30'