The document provides a technical analysis of commodity markets. It summarizes recent trends in gold, silver, copper, crude oil and other metals. On gold and silver, it notes that prices have been rising and momentum indicators suggest further gains. Copper is expected to fall further, trading in a downward channel. Crude oil also showed weakness on breakdown of support levels, suggesting more downside. Overall it adopts bullish views on gold and silver but bearish stances on copper and crude oil in the near term. Pivot levels are provided for day trading signals.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices have been trading in rising
channel formation and prices have been taking support of its
lower band of channel pattern at 27630 levels. In addition,
MCX Gold prices have been trading above its 100 HEMA on
hourly chart. Moreover, Momentum Indicator RSI have shown
bullish range shift on hourly chart, which gives the sign of
bullishness in the prices. For now we expect prices should
move higher towards 28200 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Hourly Chart CMP: 27891
MCX Gold (Feb) Trend: Bullish
Price potential: 28200 Reversal: 27720
MCX Silver Mar. 4 Hourly Chart CMP: 40340
Technical View:
On 4 hourly chart, MCX Silver price has given breakout of its
falling trend 40080 levels. On the other hand, MCX Silver price
has been trading above its 100 HEMA, which indicates short
term trend remains up. Moreover, COMEX Silver prices have
been taking support of its rising trend line at $16.10 levels on
hourly chart. In addition, momentum indicator RSI has taken
support of its rising trend line at 53 levels on 4 hourly chart,
which indicates strength in the prices. For now we expect
prices to move higher towards 41200 levels in few trading
sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 41200 Reversal: 39800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27814 27740 27656 27898 28150 28350 28450
Silver 39851 39359 39016 40194 40686 41029 42208
09th Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has been trading in falling channel
pattern and prices have been hovering around its
resistance of its upper band of channel pattern at 386 levels
on daily chart. In addition MCX Copper prices are trading
below its 21 HEMA. Furthermore, momentum indicator
MACD has remained below signal line on daily time frame,
which suggest further down side momentum can be seen.
For now we expect prices to move lower towards 374
levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Daily Chart CMP: 383.55
MCX Copper (Feb) Trend: Bearish
Price potential: 374 Reversal: 389
MCX Crude Oil Jan. Hourly Chart CMP: 3676
Technical View:
MCX Crude Oil prices has given breakdown of its rising trend
line at 3610 levels on hourly chart. MCX Crude Oil is trading
below its 50 HEMA on hourly chart. On the other hand,
NYMEX WTI Crude oil price has shown breakdown of its rising
trend line at $54 levels. Moreover, Momentum indicator
MACD has shown negative crossover and moving below its
signal line on hourly chart which suggest negative movement
in the prices. For now we expect prices to move lower
towards 3580 levels in coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3580 Reversal: 3735
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 380.0 376.4 374.4 382.0 385.6 387.6 395.2
Crude 3645 3607 3580 3672 3710 3737 3830
Base Metal
Energy
Aaj Ka Trend
09th Jan’17

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 380.0 376.4 374.4 382.0 385.6 387.6 395.2
Aluminum 115.7 114.7 114.0 116.3 117.3 118.0 120.3
Lead 138.6 136.6 135.5 139.7 141.7 142.8 147.1
Nickel 694.1 687.6 683.3 698.4 704.9 709.2 724.4
Zinc 175.7 173.3 172.0 177.0 179.4 180.7 185.7
Natural Gas 219.7 215.0 211.0 223.7 228.4 232.4 245.2
Fundamental News:
 The dollar gained significant ground today, surging on positive job creation figures from a U.S. government
report, but gold and silver suffered price setbacks.
 The dollar was rising based on data that showed the addition of about 150,000 new jobs last month in the U.S.
Hourly wages increased nearly 3%. Job creation was weaker than expected by analysts, including overseas
observers of the U.S. market.
 The U.S labor market showed that the economy fewer jobs than expected in December while the jobless rate
ticked up as expected from what had been its lowest level in more than nine years, according to official data
released on Friday.
 Non-farm payrolls rose only by 156,000 jobs in December, compared to the rise of 204,000 the prior month that
was revised from the initial reading of 178,000. The data beat the consensus estimate for the creation of
178,000 jobs.
 Investors purchased futures ahead of the weekend, but the strong U.S. dollar limited price gains, as did
overhanging doubts about whether all OPEC producers would cut output in line with an agreement reached
Nov. 30.
 Top crude producer Saudi Arabia and neighbors Abu Dhabi and Kuwait showed signs they were indeed cutting
production in performance with an agreement by OPEC and other producers. Russia is not yet complying the
OPEC cut, which it agreed to in December, even though it is not an OPEC member, experts said.
 The Iranians are said to have millions of barrels of oil stored on ocean tankers which it is expected to start
selling in order to regain market share lost during recent years, according to experts.
Aaj Ka Trend
09th Jan’17

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 1172
Silver 15.52
Crude Oil 53.71
Brent Crude Oil 56.83
Natural Gas 2.54
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.16
Dollar Index 102.17
EUR / USD 1.05
CRB Index* 193.54
Closing as on 06.01.17 *Closing as on 06.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5590
Aluminum 1713
Zinc 2619
Lead 2056
Nickel 10245
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 45450
Aluminum 12665
Zinc 21455
Lead 18155
Closing as on 06.01.17 Closing as on 06.01.17
LME INVENTORY DATA
Aaj Ka Trend
02-Jan-17 03-Jan-17 04-Jan-17 05-Jan-17 06-Jan-17
Aluminium 0 -3750 -5701 25975 5425
Copper 0 -10401 -5949 -4100 -6650
Lead 0 -51 -1000 -25 -175
Nickel 0 787 -343 -804 -805
Zinc 0 -475 54 -175 -75
09th Jan’17

5. Equities I Commodities I Currencies I Mutual Funds
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Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
09th Jan’17
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: 2017.01.07 14:52:52 +05'30'