#ChoiceBroking #Aajkatrend - Bullions : MCX Gold Oct Hourly Chart CMP: 30985

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices has witnessed breakout of its Rising wedge
pattern at 30850 levels on hourly time frame. On the other
hand, prices have been trading above 21 HEMA on hourly time
frame. Looking at ADX, Positive Directional Index (+DMI) is in
dominating position with rising average direction index.
Moreover, Momentum Indicator RSI is trading above 60 levels
on hourly time frame. For now we expect prices should move
higher towards 31300 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: 30985
MCX Gold (Oct) Trend: Bullish
Price potential: 31300 Reversal:30750
MCX Silver Dec Hourly Chart CMP: 45480
Technical View:
MCX Silver prices has observed breakout of Falling wedge
pattern at 44969 levels on hourly chart. Furthermore, MCX
Silver prices are trading above its 50 HEMA on hourly time
frame. Looking at ADX, Positive directional index (+DMI) is in
domination position with rising average direction index
Moreover, Momentum Indicator RSI is trading above 70 level
on hourly time frame. For now we expect prices to move
higher towards 47150 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 47150 Reversal: 46000
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30922 30895 30841 30949 30976 31003 31057
Silver 46154 46003 45745 46261 46412 46519 46777
06th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have completed Bullish AB = CD pattern
on hourly chart. In addition, counter is holding support of
lower band of channel. Moreover, MCX Copper is trading
below its 50 HEMA on hourly chart. On the other hand,
momentum indicator RSI is hovering near 50 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 Nov hourly Chart CMP: 311.05
MCX Copper (Nov) Trend: Bullish
Price potential: 318 Reversal: 305.50
MCX Crude Oil Sept. Hourly Chart CMP: 2981
Technical View:
MCX Crude oil prices have taken support of its trend line on
hourly time frame. Looking at ADX, Positive directional index
(+DMI) is in domination position with rising average direction
index. Counter is trading below its 21 HEMA on Hourly time
chart. Moreover, Momentum indicator RSI is trading above
50 levels on hourly basis. For now we expect prices to move
higher towards 3075 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3075 Reversal: 2950
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 309.6 308.9 307.7 310.2 310.8 311.4 319.9
Crude 2970 2936 2855 3017 3051 3098 3179
Base Metal
Energy
Aaj Ka Trend
06th Sept’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 309.6 308.9 307.7 310.2 310.8 311.4
312.7
Aluminum 104.4 104.1 103.2 105.1 105.4 106.0
107.0
Lead 130.0 129.7 128.9 130.4 130.8 131.2
131.9
Nickel 662.9 659.1 650.7 667.5 671.3 675.9
684.3
Zinc 156.7 156.4 155.8 157.1 157.3 157.7
158.4
Natural Gas 181.7 180.6 177.8 183.4 184.5 186.2
189.0
Fundamental News:
 Gold drifted lower in Asia on Monday with comments from the G-20 summit in China eyed for global
coordination on monetary and fiscal policies.
 Gold prices held near a one-week high during European hours on Monday, as disappointing U.S. employment
data diminished the likelihood that the Federal Reserve will raise interest rates at its policy meeting later this
month.
 Gold prices held steady near a one-week high during North American hours on Monday, as trade volumes were
expected to remain light with many investors in the U.S. away for the Labor Day holiday.
 Oil prices jumped Monday on reports of Saudi, Russian cooperation on output.
 Saudi Arabia and Russia signed a joint statement Monday to cooperate on stabilizing oil markets.
 Oil jumped Monday after Saudi Arabia and Russia agreed to cooperate to stabilize the market.
 Oil prices spiked sharply during European hours on Monday, amid reports that Saudi Arabia and Russia will work
together to support the market, fueling hopes of an output freeze.
 Oil prices trimmed earlier gains during North American hours on Monday, after an announcement from Saudi
Arabian and Russian officials failed to live up to market expectations.
 The U.S. dollar pared losses against its Canadian counterpart on Monday, although Friday’s downbeat U.S.
employment data continued to weigh on the greenback, while climbing oil prices lent support the commodity-
related Canadian dollar.
Aaj Ka Trend
06th Sept’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 1327.30
Silver 19.54
Crude Oil 45.32
Brent Crude Oil 47.73
Natural Gas 2.755
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.82
Dollar Index 95.75
EUR / USD 1.1151
CRB Index* 179.99
Closing as on 05.09.16 *Closing as on 05.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4626
Aluminum 1580
Zinc 2361
Lead 1969.50
Nickel 10070
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36550
Aluminum 11915
Zinc 18245
Lead 14360
Closing as on 05.09.16 Closing as on 05.09.16
LME INVENTORY DATA
Aaj Ka Trend
29-Aug-16 30-Aug-16 31-Aug-16 01-Sept-16 05-Sept-16
Aluminium 0 -6850 -5450 -6650 -6975
Copper 0 11650 10300 11250 13725
Lead 0 500 -425 -25 0
Nickel 0 294 -744 -1025 -666
Zinc 0 -875 -1350 -850 -575
06th Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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Rohan Patil
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
06th Sept’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: 2016.09.06 09:06:13 +05'30'