#ChoiceBroking #Aajkatrend : Bullions: MCX Gold Oct Hourly Chart CMP: 30047

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold achieved our short term target of 30550 in
yesterday trading session. Furthermore, MCX Silver prices fall
almost 2.70% in yesterdays trading sessions. On the other
hand, prices have been trading below 20 HEMA on hourly
chart. Moreover, Momentum Indicator RSI is trading below 30
levels on hourly time frame. For now we expect prices should
move lower towards 29730 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: 30047
MCX Gold (Oct) Trend: Bearish
Price potential: 29730 Reversal:30230
MCX Silver Dec Hourly Chart CMP: 42881
Technical View:
MCX Silver achieved our short term target of 44550 in
yesterday trading session. Furthermore, MCX Silver prices fall
almost 4% in yesterdays trading sessions. MCX Silver has
witnessed Bullish Deep Crab Harmonic pattern at 43120 levels
on hourly chart. COMEX Silver has observed Bullish Alternate
AB=CD in hourly chart. Moreover, Momentum indicator RSI is
trading in a oversold zone on hourly basis. For now we expect
prices to move higher towards 43950 levels in few trading
sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 43850 Reversal: 42250
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30375 29889 29140 30638 31124 31387 32136
Silver 43698 42502 40608 44396 45592 46290 48184
05th Oct’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper has breached its vertical trend
line support at 324.40 levels. Furthermore, Counter is
trading below its 100 HEMA on hourly chart. Moreover,
momentum indicator MACD has observed negative
crossover on hourly time frame. In addition, Momentum
indicator RSI has drift below 40 levels on hourly basis. For
now we expect prices to move lower towards 315 levels in
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 322.20
MCX Copper (Nov) Trend: Bearish
Price potential: 315 Reversal: 327
MCX Crude Oil Oct. Hourly Chart CMP: 3259
Technical View:
MCX Crude Oil prices have witnessed breakout of its Triangle
pattern at 3144 levels on hourly time frame. Furthermore,
Counter is trading above its 20 HEMA on hourly chart.
Looking at ADX, positive directional index (+DMI) is in
domination position with rising average direction index.
Moreover, Momentum indicator RSI is trading above 60
levels on hourly basis. For now we expect prices to move
higher towards 3335 levels in coming trading sessions.
MCX Crude Oil (Oct) Trend: Bullish
Price potential: 3335 Reversal: 3210
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 322.8 320.8 317.6 324.0 326.0 327.2 330.4
Crude 3219 3191 3136 3246 3274 3301 3356
Base Metal
Energy
Aaj Ka Trend
05th Oct’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 322.8 320.8 317.6 324.0 326.0 327.2 330.4
Aluminum 110.7 110.2 109.3 111.1 111.6 112.0 112.9
Lead 137.4 135.7 132.7 138.7 140.4 141.7 144.7
Nickel 674.7 661.6 639.7 683.5 696.6 705.4 727.3
Zinc 158.4 156.8 154.1 159.6 161.2 162.3 165.1
Natural Gas 192.8 191.1 188.4 193.8 195.5 196.5 199.2
Fundamental News:
 Gold prices gained on Tuesday in Asia in think trade with most attention squarely on U.S. jobs data at the end of
the week for a better view of chances the U.S. Federal Reserve will hike rates before the end of the year.
 Gold prices slipped near two-week lows on Tuesday, as a stronger U.S. dollar following recent upbeat U.S. data
continued to weigh on the precious metal.
 Hurricane Matthew bore down on Haiti on Monday, where towns and villages braced for "catastrophic" floods
and mudslides that forecasters fear will be triggered by 140 mile-per-hour (220 kph) winds and up to 3 feet of
rain over its denuded hills.
 Crude oil prices fell in Asia on Tuesday as investors looked ahead to U.S. stockpiles data.
 Crude priced dropped further in Asia on Tuesday as investors awaited more supply news from the key U.S.
market and in thin dealing with markets in China shut for a week-long holiday.
 U.S. oil futures slid lower on Tuesday, weighed by a stronger U.S. dollar but the commodity remained supported
as the oil production freeze deal announced last week by OPEC continued to boost investors’ confidence.
 Oil prices eased on Tuesday on news that Iran and Libya have continued to increase production, overshadowing
an OPEC agreement struck last week to freeze output levels in a bid to stem a two-year price rout.
 The dollar extended gains to a two-month high against the other major currencies on Tuesday, as comments by
Richmond Federal Reserve head Jeffrey Lacker and upbeat U.S. data boosted hopes for a U.S. rate hike before
the end of the year.
Aaj Ka Trend
05th Oct’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 1275.65
Silver 17.93
Crude Oil 49.16
Brent Crude Oil 51.31
Natural Gas 2.98
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.64
Dollar Index 96
EUR / USD 1.12
CRB Index* 187.30
Closing as on 04.10.16 *Closing as on 04.10.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4763
Aluminum 1659
Zinc 2374
Lead 2061
Nickel 10020
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37540
Aluminum 12280
Zinc 17550
Lead 14250
Closing as on 04.10.16 Closing as on 04.10.16
LME INVENTORY DATA
Aaj Ka Trend
28-Sept-16 29-Sept-16 30-Sept-16 03-Oct-16 04-Oct-16
Aluminium 7776 -10175 -4352 30422 -6547
Copper -2402 7350 -6952 -452 -3252
Lead -251 -504 -251 -202 151
Nickel 25 -65 -655 208 -538
Zinc -827 -525 -626 -271 8872
05th Oct’16

5. Equities I Commodities I Currencies I Mutual Funds
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Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
05th Oct’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: 2016.10.05 08:45:51 +05'30'