The document provides a technical analysis of various commodities including gold, silver, copper, crude oil, and natural gas. For gold and silver, it notes that prices have broken out of patterns and are trading above moving averages, suggesting prices may rise further. For copper and crude oil, it indicates prices have broken down from patterns and momentum indicators are declining, suggesting prices may fall. For natural gas, forecasts are for declining demand and prices due to cooler weather. Overall it performs technical analyses of commodity prices and provides short-term price forecasts and reversal levels.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices have breached its Horizontal trend line
resistance at 31790 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 are trading in a Higher High Higher Low formation 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 32150 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: 31827
MCX Gold (Oct) Trend: Bullish
Price potential: 32150 Reversal:31600
MCX Silver Sept Hourly Chart CMP: 48090
Technical View:
MCX Silver prices witnessed breakout of its pennant pattern
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 50 levels
on hourly chart. For now we expect prices to move higher
towards 48650 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 48650 Reversal: 47600
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31574 31336 30963 31709 31947 32082 32455
Silver 47598 47118 46214 48022 48502 48926 49830
03rd Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakdown of its
Triangle pattern at 326.40 levels on hourly basis. Moreover,
MCX Copper prices are trading below its super trend
indicator on hourly chart. Furthermore, counter is trading
below its 21 HEMA on hourly time frame. On the other
hand, momentum indicator RSI has drift below 50 levels on
hourly chart. For now we expect prices to move lower
towards 319.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 326.70
MCX Copper (Aug) Trend: Bearish
Price potential: 319.50 Reversal: 332
MCX Crude Oil Aug. Hourly Chart CMP: 2642
Technical View:
MCX Crude Oil prices continued to trade lower after retesting
its horizontal trend line resistance 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 2575 levels in coming trading sessions.
MCX Crude Oil (Aug) Trend: Bearish
Price potential: 2575 Reversal: 2700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 325.2 323.1 318.0 328.3 330.3 333.4 338.6
Crude 2608 2572 2472 2672 2708 2772 2872
Base Metal
Energy
Aaj Ka Trend
03rd 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 325.2 323.1 318.0 328.3 330.3 333.4 338.6
Aluminum 108.1 107.5 106.0 109.1 109.6 110.6 112.2
Lead 120.7 120.0 118.2 121.8 122.5 123.6 125.4
Nickel 703.7 693.6 671.9 715.3 725.4 737.0 758.7
Zinc 325.2 323.1 318.0 328.3 330.3 333.4 338.6
Natural Gas 183.2 180.6 175.8 185.4 188.0 190.2 195.0
Fundamental News:
 Governor of Colorado John Hickenlooper on Monday criticized Donald Trump's comments about fracking, saying
the Republican presidential candidate does not completely understand the issue, the Denver Post reported.
 Gold prices flitted between small gains and losses in Asia on Tuesday as investors looked to take a breather
ahead of nonfarm payroll data from the U.S. at the end of the week that may shed a clearer picture on Fed rate
hike prospects this year.
 Gold prices held steady at a three-week high in European trade on Tuesday, as investors awaited fresh signals
about the timing of a possible U.S. interest rate increase this year.
 Gold prices rose sharply in North American trade on Tuesday, reproaching the strongest level since March 2014
as investors continued to push back expectations of a rate hike from the Federal Reserve in the next few
months.
 Oil prices struggled near April lows in European trade on Tuesday, remaining in bear market territory amid signs
of increasing production in the U.S. and rising output among members of the Organization of the Petroleum
Exporting Countries.
 Oil prices erased earlier losses in North American trade on Tuesday, bouncing off a more than three-month low
as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.
 Oil rose more than 2 percent on Tuesday after falling by around $4 a barrel in one week, but investors remained
concerned about oversupply weighing on prices.
 U.S. natural gas futures fell to a one-week low in early trade on Tuesday, as forecasts for less hot weather over
the next two weeks dampened demand expectations for the cooling fuel.
Aaj Ka Trend
03rd 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 1362.70
Silver 20.64
Crude Oil 39.71
Brent Crude Oil 41.96
Natural Gas 2.73
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.73
Dollar Index 95.02
EUR / USD 1.1218
CRB Index* 177.31
Closing as on 02.08.16 *Closing as on 02.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4892
Aluminum 1625
Zinc 2275
Lead 1823
Nickel 10725
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37870
Aluminum 12100
Zinc 17330
Lead 13870
Closing as on 02.08.16 Closing as on 02.08.16
LME INVENTORY DATA
Aaj Ka Trend
27-July-16 28-July-16 29-July-16 01-Aug-16 02-Aug-16
Aluminium -6000 -5850 -8825 -9650 -9250
Copper 700 -5700 725 625 -425
Lead -75 -25 -50 -50 -50
Nickel 1038 -54 -1524 -120 -204
Zinc -1000 -1575 -1400 -1425 -50
03rd Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent
error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology,
price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis
and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research
undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information
obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty
and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form
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recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the
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the loss of your entire investment.
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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
03rd Aug’16
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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: 2016.08.03 09:09:03 +05'30'