#ChoiceBroking #Aajkatrend : MCX Gold August Hourly Chart CMP: 31719

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading above its Rectangle breakout on
hourly basis. On the other hand, MCX Gold prices have been
trading above its 100 HEMA which indicates positive
confirmation to the prices. Further, COMEX Gold is trading in
Higher high Higher low formation on daily chart. Moreover,
Momentum Indicator RSI is trading above 50 levels in hourly
time frame. For now we expect prices should move higher
towards 32100 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: 31719
MCX Gold (Aug) Trend: Bullish
Price potential: 32100 Reversal:31500
MCX Silver Sept Hourly Chart CMP: 47487
Technical View:
MCX Silver prices are trading in Triangle Formation on hourly
time frame. On the other hand, MCX Silver prices have been
trading above its 21 HEMA which indicates positive
confirmation to the prices. Furthermore, Counter is trading
above its Super Trend indicator on hourly time frame.
Moreover, momentum indicator RSI is trading above 60 levels
on hourly chart. For now we expect prices to move higher
towards 48300 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 48300 Reversal: 47050
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31324 31046 30482 31610 31888 32174 32738
Silver 46105 45245 43790 46700 47560 48155 49610
11th July’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices are trading in Falling channel Formation
on hourly chart. On daily chart, the MCX Copper price has
completed a “Bearish SHARK Harmonic Pattern” at 337.10
levels. Furthermore, prices have been trading below its 50
HEMA on hourly chart. Moreover, Counter is trading below
its Super Trend indicator on hourly time frame. On the
other hand, momentum indicator RSI is trading below 40
levels on hourly chart. 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: 317.80
MCX Copper (June) Trend: Bearish
Price potential: 310 Reversal: 323
MCX Crude Oil July. Hourly Chart CMP: 3059
Technical View:
MCX Crude Oil as expected traded on the lower side and
achieved our short term target at 3020 levels. MCX Crude Oil
prices has witnessed Rising channel Breakdown at 3141
levels on 4 hours chart. On the other hand prices have been
trading below its 21 HEMA on MCX Crude Oil hourly chart.
Moreover, Momentum indicator RSI has shown Bearish
range shift on daily chart. For now we expect prices to move
lower towards 2980 levels in coming trading sessions.
MCX Crude Oil (July) Trend: Bearish
Price potential: 2980 Reversal: 3110
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 317.5 316.0 312.5 319.4 320.9 322.9 326.3
Crude 3002 2968 2886 3050 3084 3132 3214
Base Metal
Energy
Aaj Ka Trend
11th July’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 317.5 316.0 312.5 319.4 320.9 322.9 326.3
Aluminum 110.7 109.9 108.4 111.3 112.1 112.8 114.2
Lead 120.9 119.8 117.3 122.3 123.4 124.8 127.3
Nickel 653.6 643.1 625.2 661.0 671.5 678.9 696.8
Zinc 141.7 139.8 136.5 143.0 145.0 146.3 149.5
Natural Gas 185.4 183.2 178.6 187.8 190.0 192.4 197.0
Fundamental News:
 Gold fell slightly on Thursday, taking a brief pause from its scorching, post-Brexit winning streak, as a favorable
payroll indicator sent a strong harbinger for a critical U.S. jobs report at week's end.
 Gold slipped in Asia on Friday as the market awaited direction from U.S. nonfarm payrolls data.
 Gold prices slid lower on Friday, as investors awaited the highly-anticipated U.S. employment report due later in
the day, but the precious metal remained close to Wednesday’s two-year peak as concerns over the global
impact of the Brexit vote continued to dampen sentiment.
 Crude oil rebounded in Asia on Friday as investors bought after sharp dips overnight and ahead of U.S. rig
count data from Baker Hughes and nonfarm payrolls in the U.S.
 Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent
was in line for its largest weekly decline since January as bearish economic indicators weighed on oil.
 Oil Friday recovered from sharp overnight losses on disappointing official U.S. crude stocks data.
 U.S. oil futures bounced off two-month lows on Friday, but gains were expected to remain limited as Thursday’s
disappointing U.S. crude oil inventories report and post-Brexit concerns continued to weigh.
 The United States is seeking trade sanctions against India after winning a dispute at the World Trade
Organization regarding Indian restrictions on imports of U.S. poultry meat, eggs and live pigs, the WTO said on
Friday.
 The top-performing high-yield bond exchange-traded fund is betting big that energy companies will not be
deadbeats.
Aaj Ka Trend
11th July’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 1367.55
Silver 20.32
Crude Oil 45.16
Brent Crude Oil 46.56
Natural Gas 2.817
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.14
Dollar Index 96.31
EUR / USD 1.1050
CRB Index* 187.17
Closing as on 08.07.16 *Closing as on 08.07.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4710
Aluminum 1663
Zinc 2142
Lead 1812
Nickel 9880
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36570
Aluminum 12615
Zinc 16650
Lead 12900
Closing as on 08.07.16 Closing as on 08.07.16
LME INVENTORY DATA
Aaj Ka Trend
01-July-16 04-July-16 06-July-16 07-July-16 08-July-16
Aluminium -5750 -7025 -6825 -5925 -5775
Copper -2400 -725 10525 -1825 2500
Lead -75 -75 -350 -100 -125
Nickel -228 -1452 -1266 636 -936
Zinc -475 -600 -350 -950 -575
11th July’16

5. Equities I Commodities I Currencies I Mutual Funds
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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
11th July’16
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: 2016.07.11 08:48:54 +05'30'