#ChoiceBroking #Aajkatrend - Bullions: MCX Gold Oct Hourly Chart CMP: 31203

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices have completed Bullish AB = CD pattern at
31153 levels on hourly time frame. On the other hand, prices
have been trading above 100 HEMA on hourly time frame.
Looking at ADX, Positive Directional Index (+DMI) is in
dominating position with rising average direction index on daily
chart. Moreover, Momentum Indicator RSI is trading above 50
levels on daily time frame. For now we expect prices should
move higher towards 31520 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: 31203
MCX Gold (Oct) Trend: Bullish
Price potential: 31520 Reversal:30970
MCX Silver Dec Hourly Chart CMP: 46714
Technical View:
MCX Silver prices observed breakdown of its pennant pattern
at 46858 levels on hourly time frame. Furthermore, MCX Silver
prices are trading below its 21 HEMA on hourly time frame.
Looking at ADX, Negative directional index (-DMI) is in
domination position with rising average direction index.
Moreover, Momentum Indicator RSI is trading below 40 level
on hourly time frame. For now we expect prices to move
lower towards 46000 levels in few trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 46000 Reversal: 47150
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31165 31107 30942 31272 31330 31437 31602
Silver 46604 46377 45772 46982 47209 47587 48192
09th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakout of its Inverted
Head & Shoulder pattern at 313.80 levels on hourly chart.
In addition, COMEX Copper is trading in a rectangle
formation in hourly time frame. Moreover, Counter is
trading above its 50 HEMA which indicates strength head
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 320.50 levels in
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 314
MCX Copper (Nov) Trend: Bullish
Price potential: 320.50 Reversal: 308
MCX Crude Oil Sept. Hourly Chart CMP: 3164
Technical View:
MCX Crude oil prices achieved our short term target of 3085
in yesterdays trading sessions. MCX Crude Oil witnessed
breakout of its Triangle pattern at 3078 levels on hourly time
frame. Looking at ADX, Positive directional index (+DMI) is in
domination position with rising average direction index.
Counter is trading above its 21 HEMA on Hourly time chart.
Moreover, Momentum indicator RSI is trading above 60
levels on hourly basis. For now we expect prices to move
higher towards 3210 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3210 Reversal: 3075
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 311.5 309.9 307.1 312.7 314.3 315.5 318.3
Crude 3061 2975 2842 3108 3194 3241 3374
Base Metal
Energy
Aaj Ka Trend
09th 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 311.5 309.9 307.1 312.7 314.3 315.5 318.3
Aluminum 104.9 104.4 103.7 105.2 105.6 105.9 106.7
Lead 126.1 124.8 122.8 126.9 128.1 128.9 131.0
Nickel 680.2 674.1 663.9 684.3 690.4 694.5 704.7
Zinc 152.8 151.5 149.4 153.5 154.8 155.6 157.6
Natural Gas 181.6 175.8 167.0 184.6 190.4 193.4 202.2
Fundamental News:
 Gold prices traded in a narrow range in early Asia on Thursday with trade figures regionally in focus led by
China.
 Gold prices rose slightly in Asia on Thursday after China trade data showed an unexpected gain in imports.
 Gold prices struggled for direction in North American trade on Thursday, as investors digested the latest U.S.
data as well as comments from European Central Bank President Mario Draghi.
 Oil prices rose sharply during European hours on Thursday, extending strong overnight gains as market players
awaited fresh weekly information on U.S. stockpiles of crude and refined products.
 Oil prices rose more than 1.5 percent on Thursday after U.S. industry data showed a large drawdown in crude
stocks, reflecting the impact of an Atlantic storm.
 Algeria's energy minister will meet his Saudi counterpart and OPEC's secretary-general in Paris on Friday as part
of moves towards clinching a global deal on stabilizing crude output to support oil prices, an Algerian official and
OPEC sources said.
 Oil prices extended gains in North American hours on Thursday, rising to the strongest levels of the session after
data showed that crude supplies in the U.S. fell by the most since April 1985.
 U.S. natural gas futures extended gains on Thursday morning, after data showed that natural gas supplies in
storage in the U.S. rose less than forecast last week.
Aaj Ka Trend
09th 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 1338.85
Silver 19.61
Crude Oil 47.24
Brent Crude Oil 49.58
Natural Gas 2.811
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.42
Dollar Index 94.84
EUR / USD 1.1277
CRB Index* 185.63
Closing as on 08.09.16 *Closing as on 08.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4664
Aluminum 1590.50
Zinc 2314
Lead 1925
Nickel 10345
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36670
Aluminum 12025
Zinc 18165
Lead 14100
Closing as on 08.09.16 Closing as on 08.09.16
LME INVENTORY DATA
Aaj Ka Trend
01-Sept-16 05-Sept-16 06-Sept-16 07-Sept-16 08-Sept-16
Aluminium -6650 -6975 -3900 -5450 -6700
Copper 11250 13725 6450 10300 -1375
Lead -25 0 -225 -425 200
Nickel -1025 -666 138 -744 105
Zinc -850 -575 -575 -1350 -175
09th Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
09th 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: 2016.09.09 08:45:53 +05'30'