Choicebroking #Aajkatrend: MCX Gold June Hourly Chart CMP:29897

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
It can be observed that MCX Gold prices are trading in a
narrow range since past couple of trading days. Furthermore,
on COMEX Gold Shooting Star bearish candlestick pattern is
visible on daily chart. On the other hand, prices are trading
below its 21 HEMA on hourly chart. The momentum indicator,
MACD has shown negative crossover with below its signal line
which suggests negative momentum in prices. For now we
expect prices should move lower towards 29580 levels in the
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold June Hourly Chart CMP:29897
MCX Gold (June) Trend: Bearish
Price potential: 29580 Reversal:30180
MCX Silver July Hourly Chart CMP: 41227
Technical View:
MCX Silver prices has breached its trend line support at 41275
levels on hourly time frame. Moreover, prices are trading
below its 21 HEMA on hourly chart. Furthermore, on COMEX
Silver Three Black Crow bearish candlestick pattern is visible
on daily chart. On the other hand, momentum indicator RSI
has taken resistance near 50 levels on hourly chart which gives
negative confirmation to the prices. For now we expect prices
to move lower towards 40600 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 40600 Reversal: 41850
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29927 29840 29626 30054 30141 30268 30482
Silver 41077 40834 40159 41509 41752 42184 42859
06th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices are trading in falling channel formation
on hourly charts. However, MCX Copper prices is trading
below its 50 HEMA on hourly chart which indicates short
term trend remains down. Furthermore, in COMEX Copper
has witnessed Head & Shoulder Breakdown at $ 2.228 on
four chart. On the other hand, momentum indicator RSI has
moved below 30 levels on hourly chart which gives negative
confirmation to the prices. For now we expect prices to
move lower towards 310 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 318.90
MCX Copper (June) Trend: Bearish
Price potential: 310 Reversal: 324.50
MCX Crude Oil May. Hourly Chart CMP: 2949
Technical View:
MCX Crude Oil Prices witnessed upward channel breakdown
at 3000 levels on hourly chart. On Weekly chart, the MCX
Crude Oil price has completed a “Bearish White Swan
Harmonic Pattern” at 3115 levels. On the other hand,
momentum indicator RSI has taken resistance near 60 levels
on hourly chart which gives negative confirmation to the
prices. For now we expect prices to move lower towards
2900 levels in coming trading sessions.
MCX Crude Oil (May) Trend: Bearish
Price potential: 2900 Reversal: 3040
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 318.1 315.9 310.0 321.7 323.9 327.6 333.4
Crude 2928 2857 2718 2996 3067 3135 3274
Base Metal
Energy
Aaj Ka Trend
06th May’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 318.1 315.9 310.0 321.7 323.9 327.6 333.4
Aluminum 106.8 106.2 104.7 107.7 108.3 109.2 110.7
Lead 114.9 114.1 112.0 116.1 116.9 118.2 120.2
Nickel 595.7 586.9 561.1 612.7 621.5 638.5 664.3
Zinc 123.1 122.0 119.8 124.2 125.3 126.4 128.6
Natural Gas 137.1 134.7 128.2 141.2 143.6 147.7 154.2
Fundamental News:
 Gold prices gained in Asia on Thursday with investors cautious ahead of the end of the week jobs report that will
provide clarity on the prospects for Fed rate hikes going forward.
 Gold futures were higher in European trade on Thursday, as market players looked ahead to a raft of speeches
from Federal Reserve officials later in the day to judge the balance of opinion among policymakers on the
prospect of further rate hikes.
 Gold futures were higher in North American trade on Thursday, extending overnight gains after data showed
that the number of people who filed for unemployment assistance in the U.S. last week rose to the highest level
in five weeks.
 Oil prices jumped in European trade on Thursday, as a huge wildfire in Canada disrupted its oil sands
production.
 A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors
over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.
 Libya may be forced to slash oil production within days if a stand-off between eastern and western factions that
has prevented loadings at the Marsa al-Hariga port continues, an official from state oil firm NOC in Tripoli told
Reuters on Thursday.
 Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating
fighting in Libya threatened the North African nation's output.
 U.S. natural gas futures held on to losses in North America trade on Thursday, after data showed that natural
gas supplies in storage in the U.S. rose more than feared last week.
Aaj Ka Trend
06th May’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 1278.97
Silver 17.34
Crude Oil 44.10
Brent Crude Oil 44.80
Natural Gas 2.088
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.55
Dollar Index 93.72
EUR / USD 1.1404
CRB Index* 178.92
Closing as on 05.05.16 *Closing as on 05.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4785
Aluminum 1608
Zinc 1861
Lead 1736
Nickel 9020
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36600
Aluminum 12300
Zinc 14795
Lead 12780
Closing as on 05.05.16 Closing as on 05.05.16
LME INVENTORY DATA
Aaj Ka Trend
29-Apr-16 02-May-16 03-May-16 04-May-16 05-May-16
Aluminium -6750 0 -6650 -12350 -6275
Copper -1225 0 5175 1825 225
Lead 75 0 -700 -200 550
Nickel 1686 0 66 -1062 -1308
Zinc -2525 0 -2475 -4275 -1125
06th May’16

5. Equities I Commodities I Currencies I Mutual Funds
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation
for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone
and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We
have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of
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
and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The
recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the
recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution,
modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a
solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance
does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against
the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock
/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
Disclaimer
Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
06th May’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Anish Vyas
Digitally signed by Anish Vyas
DN: cn=Anish Vyas, o=Choice Merchandise Broking Pvt.
Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2016.05.06 08:44:57 +05'30'