#ChoiceBroking #Aajkatrend : #Bullions : #MCX Gold August Hourly Chart CMP: 28875

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On Hourly chart MCX Gold prices are capped at its horizontal
trend line resistance at 29150 levels. Counter is trading below
its 21 HEMA on hourly chart. Furthermore, COMEX Gold is
facing trend line resistance at $1220. Moreover, Momentum
Indicator RSI has witnessed head & Shoulder pattern
breakdown at 50 levels. For now we expect prices should
move lower towards 28490 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold August Hourly Chart CMP: 28875
MCX Gold (Aug) Trend: Bearish
Price potential: 28490 Reversal:29090
MCX Silver July Hourly Chart CMP: 38542
Technical View:
MCX Silver prices are holding stiff resistance of falling trend
line at 38700 levels. On the other hand, MCX Silver prices are
trading below its 75 HEMA which indicates negative
confirmation to the prices. Moreover, momentum indicator
RSI is holding trend line resistance at 50 levels on hourly chart.
For now we expect prices to move lower towards 37700
levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 37700 Reversal: 38900
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28784 28692 28473 28911 29003 29130 29349
Silver 38407 38299 38089 38509 38617 38719 38929
03rd June’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On Hourly chart MCX Copper has taken support of its
horizontal trend line at 307.80 levels. Furthermore, Counter
is trading above its 21 HEMA on hourly time frame.
Moreover, Hammer Bullish candlestick pattern is visible on
daily chart. On the other hand, momentum indicator RSI is
showing strength near its support of 40 levels on hourly
chart. For now we expect prices to move higher towards
318 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 309.10
MCX Copper (June) Trend: Bullish
Price potential: 318 Reversal: 305
MCX Crude Oil June. Hourly Chart CMP: 3314
Technical View:
On Hourly chart MCX Crude Oil prices have given breakdown
of its rising channel formation at 3277 levels. Counter has
retest its trend line resistance till 3331 levels. On the other
hand counter is trading below its 100 HEMA on MCX Crude
Oil hourly chart. Moreover, Momentum indicator RSI is
facing trend line resistance at 50 levels on hourly chart. For
now we expect prices to move lower towards 3225 levels in
coming trading sessions.
MCX Crude Oil (June) Trend: Bearish
Price potential: 3225 Reversal: 3365
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 308.7 307.3 305.1 309.4 310.8 311.6 313.7
Crude 3257 3205 3116 3294 3346 3383 3472
Base Metal
Energy
Aaj Ka Trend
03rd June’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 308.7 307.3 305.1 309.4 310.8 311.6 313.7
Aluminum 103.1 102.2 99.6 104.8 105.7 107.4 110.0
Lead 115.1 114.3 112.3 116.4 117.2 118.4 120.5
Nickel 569.1 565.1 558.2 572.0 576.0 578.9 585.8
Zinc 132.2 131.3 129.1 133.5 134.4 135.7 137.9
Natural Gas 155.6 151.4 144.7 158.1 162.3 164.8 171.5
Fundamental News:
 Gold rose slightly in early Asia on Thursday as investors continued to assess the prospects of a rate hike as early
as this month by the Federal Reserve.
 Gold futures inched higher in European trade on Thursday, reversing modest overnight losses as market players
looked ahead to key U.S. employment data for more clues on the Federal Reserve’s next move.
 U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further
boosting the economic outlook for the second quarter. Another report on Thursday showed planned layoffs by
U.S.-based employers fell 53 percent to a five-month low last month. The steady stream of upbeat data suggest
the economy is regaining momentum after growth slowed sharply at the start of the year, which could allow the
Federal Reserve to raise interest rates later this month or in July.
 Gold futures stayed higher in North American trade on Thursday, as investors digested a pair of U.S.
employment reports for clues about the Federal Reserve's next interest rate hike.
 Oil prices reversed gains in North American trade on Thursday, falling to the lowest levels of the session after a
key meeting of major oil producers in Vienna ended without an agreement to limit production.
 As widely expected, the Organization of the Petroleum Exporting Countries(OPEC) failed to place a ceiling on oil
production at their meeting on Thursday in Vienna.
 West Texas Intermediate oil futures pulled further back from intraday lows in North America trade on Thursday,
after data showed that oil supplies in the U.S. fell less than expected.
 As crude prices plummeted last summer, Steve Pruett, chief executive of a small west Texas oilfield developer,
idled a drilling rig, opting to pay $21,000 a day to store it rather than dig more wells and risk bigger losses.
Aaj Ka Trend
03rd June’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 1210.41
Silver 15.98
Crude Oil 49.12
Brent Crude Oil 50.03
Natural Gas 2.41
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.29
Dollar Index 95.56
EUR / USD 1.1152
CRB Index* 188.02
Closing as on 02.06.16 *Closing as on 02.06.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4608
Aluminum 1540
Zinc 1982
Lead 1706
Nickel 8379
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35430
Aluminum 11890
Zinc 15050
Lead 12750
Closing as on 02.06.16 Closing as on 02.06.16
LME INVENTORY DATA
Aaj Ka Trend
27-May-16 30-May-16 31-May-16 01-June-16 02-June-16
Aluminium -5900 0 -4900 -8925 -4500
Copper -2225 0 -2025 2625 -825
Lead -25 0 225 -100 -100
Nickel 1848 0 -978 -258 -1500
Zinc -2025 0 -2300 -250 -1725
03rd June’16

5. Equities I Commodities I Currencies I Mutual Funds
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Amit Pathania
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amit.pathania@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
03rd June’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
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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: 2016.06.03 08:43:12 +05'30'