The document provides a technical analysis of commodity markets. It summarizes recent trends in gold, silver, copper, and crude oil prices based on technical indicators like breakouts of consolidation patterns, support and resistance levels, and momentum. For each commodity, it identifies a bullish trend, potential price levels to watch over the coming trading sessions, and reversal levels. It also provides updates on global commodity prices, LME and SHFE base metals prices, and LME inventory levels.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On Hourly chart MCX Gold prices has witnessed Inverted head
& shoulder pattern breakout at 29379 levels. Counter has
witnessed pullback till its neckline & bulls are in action again.
MCX Gold prices is trading above its 21 HEMA on hourly chart.
Furthermore, Bullish Piercing candlestick pattern is visible on
weekly chart of MCX Gold. Moreover, Momentum Indicator
RSI is trading above 60 levels in hourly time frame. For now
we expect prices should move higher towards 29800 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: 29442
MCX Gold (Aug) Trend: Bullish
Price potential: 29800 Reversal:29250
MCX Silver July Hourly Chart CMP: 39150
Technical View:
MCX Silver prices have witnessed breakout of its consolidation
pattern at 39291 levels. On the other hand, MCX Silver prices
are trading above its 75 HEMA which indicates positive
confirmation to the prices. Furthermore, on Daily chart
Counter has taken support at 61.80% Fibonacci retracement.
Moreover, momentum indicator RSI is trading above 50 levels
on hourly chart. For now we expect prices to move higher
towards 39950 levels in few trading sessions.
MCX Silver (July) Trend: Bullish
Price potential: 39950 Reversal: 38710
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29376 29303 29171 29435 29508 29567 29699
Silver 39060 38901 38550 39252 39411 39603 39954
07th June’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On Hourly chart MCX Copper has given breakout of its
Consolidation formation at 313.95 levels. Counter has
retest its trend line support at 314.10 levels. Furthermore,
Counter is trading above its 60 HEMA on hourly time frame.
Moreover, Hammer Bullish candlestick pattern is visible on
daily chart & counter has able to close about that. On the
other hand, momentum indicator RSI is trading above 50
levels on hourly chart. For now we expect prices to move
higher towards 323.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 313.60
MCX Copper (June) Trend: Bullish
Price potential: 323.50 Reversal: 309.75
MCX Crude Oil June. Hourly Chart CMP: 3307
Technical View:
On Hourly chart MCX Crude Oil prices have given breakout of
its consolidation formation at 3338 levels. Counter is trading
above its trend line support. On the other hand counter is
trading above its 100 HEMA on MCX Crude Oil hourly chart.
Moreover, Momentum indicator RSI is trading above 50
levels on hourly chart. For now we expect prices to move
higher towards 3410 levels in coming trading sessions.
MCX Crude Oil (June) Trend: Bullish
Price potential: 3410 Reversal: 3270
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 313.2 312.0 308.3 315.6 316.9 319.3 322.9
Crude 3290 3254 3193 3315 3351 3376 3437
Base Metal
Energy
Aaj Ka Trend
07th 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 313.2 312.0 308.3 315.6 316.9 319.3 322.9
Aluminum 103.2 102.7 101.6 103.8 104.3 104.9 106.0
Lead 115.8 114.9 112.7 117.1 118.0 119.3 121.5
Nickel 575.6 570.9 560.6 581.2 585.9 591.5 601.8
Zinc 134.6 133.8 132.1 135.4 136.3 137.1 138.7
Natural Gas 161.1 158.8 154.0 163.6 165.9 168.4 173.2
Fundamental News:
 Gold gained in Asia on Monday as chances of a rate hike later this month by the Federal Reserve appear to have
dimmed on recent data.
 Gold futures held steady in European trade on Monday, after climbing to a two-week high overnight as
investors all but ruled out a rate hike later this month following the release of dismal U.S. employment data.
 Gold futures rose to a two-week high in North American trade on Monday, as market players looked ahead to a
highly anticipated speech by Federal Reserve Chair Janet Yellen later in the session for further clues on the
timing of the next U.S. rate hike.
 More than 20 European and Asian-owned supertankers are shipping Iranian crude oil, data seen by Reuters
shows, allowing Tehran to ramp up exports much faster than market analysts had expected following the lifting
of Western sanctions in January.
 Crude oil gained further in Asia on Monday with prospects for stronger demand eyed in data from the U.S. this
week.
 Oil prices pushed higher in European trade on Monday, rebounding from the prior session’s losses, with Brent
futures reclaiming the key $50-level as market players eyed supply disruptions in Nigeria.
 Oil prices rose towards an eight-month high in North American trade on Monday, as investors shifted their focus
back to global supply outages.
 Florida braced for flooding and strong winds as Tropical Storm Colin churned toward the state's northern Gulf
Coast on Monday, and was expected to make landfall later in the day before crossing the U.S. Southeast.
Aaj Ka Trend
07th 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 1245.32
Silver 16.45
Crude Oil 49.62
Brent Crude Oil 50.41
Natural Gas 2.44
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.97
Dollar Index 94.03
EUR / USD 1.1363
CRB Index* 191.27
Closing as on 06.06.16 *Closing as on 06.06.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4688
Aluminum 1552.50
Zinc 2027
Lead 1741.50
Nickel 8665
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35940
Aluminum 11660
Zinc 15660
Lead 12740
Closing as on 06.06.16 Closing as on 06.06.16
LME INVENTORY DATA
Aaj Ka Trend
31-May-16 01-June-16 02-June-16 03-June-16 06-June-16
Aluminium -4900 -8925 -4500 -7540 -6600
Copper -2025 2625 -825 150 20725
Lead 225 -100 -100 -100 50
Nickel -978 -258 -1500 -2892 -1365
Zinc -2300 -250 -1725 2100 -950
07th June’16

5. Equities I Commodities I Currencies I Mutual Funds
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Aaj Ka Trend
07th June’16
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Date: 2016.06.07 08:39:00 +05'30'