Choicebroking #Aajkatrend : Bullions: MCX Gold June Hourly Chart CMP: 29932

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
It can be observed that MCX Gold prices has taken support of
its down trend line on hourly chart. Furthermore, Gap up
opening in yesterdays session has shown some strength in
yellow metal. On the other hand, prices are trading above its
21 HEMA on hourly chart. The momentum indicator, MACD
has shown positive crossover which suggests positive
momentum in prices. For now we expect prices should move
higher towards 30300 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold June Hourly Chart CMP: 29932
MCX Gold (June) Trend: Bullish
Price potential: 30300 Reversal:29700
MCX Silver July Hourly Chart CMP: 41285
Technical View:
MCX Silver prices has witnessed positive breakout of its falling
channel formation at 41345 levels on hourly chart.
Furthermore, counter is trading above its 50 HEMA on hourly
chart. Moreover, MACD indicator is trading above its signal
line on hourly time frame. On the other hand, momentum
indicator RSI is trading above 50 levels on hourly chart which
gives positive confirmation to the prices. For now we expect
prices to move higher towards 42050 levels in few trading
sessions.
MCX Silver (July) Trend: Bullish
Price potential: 42050 Reversal: 40800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29869 29798 29624 29972 30043 30146 30320
Silver 40949 40450 39500 41400 41899 42350 43300
12th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices have witnessed breakout of its Falling
channel formation at 314.90 on hourly charts. However,
MCX Copper prices is trading above its 21 HEMA on hourly
chart which indicates short term trend remains up. On the
other hand, momentum indicator RSI is taking support near
40 levels on hourly chart which gives positive confirmation
to the prices. For now we expect prices to move higher
towards 322 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 312.55
MCX Copper (June) Trend: Bullish
Price potential: 322 Reversal: 308.20
MCX Crude Oil May. Hourly Chart CMP: 3076
Technical View:
MCX Crude Oil prices are trading near its horizontal trend
line resistance on hourly time frame. On Weekly chart, the
MCX Crude Oil price has completed a “Bearish White Swan
Harmonic Pattern” at 3115 levels. Moreover, counter is
trading below its 100 DEMA on Daily chart. On the other
hand, momentum indicator RSI is facing resistance at 60
levels on hourly chart which gives negative confirmation to
the prices. For now we expect prices to move lower towards
2970 levels in coming trading sessions.
MCX Crude Oil (May) Trend: Bearish
Price potential: 2970 Reversal: 3110
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 312.4 310.6 306.5 314.6 316.4 318.7 322.7
Crude 2979 2892 2757 3027 3114 3162 3297
Base Metal
Energy
Aaj Ka Trend
12th May’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 312.4 310.6 306.5 314.6 316.4 318.7 322.7
Aluminum 103.9 103.4 102.2 104.5 105.1 105.7 106.8
Lead 117.4 116.6 114.9 118.3 119.1 120.0 121.7
Nickel 587.1 580.7 570.6 590.8 597.2 600.9 611.0
Zinc 124.7 122.9 120.0 125.8 127.6 128.7 131.6
Natural Gas 142.0 139.6 135.4 143.8 146.2 148.0 152.2
Fundamental News:
 Gold rose in Asia on Wednesday as investors digested a mixed U.S. hiring report.
 The Federal Reserve has continually reiterated that it is taking a data-driven approach to the timing of its first
interest rate hike in 2016. Any rate hikes by the Fed this year are viewed as bearish for gold, which struggles to
compete with high-yield bearing assets in rising rate environments.
 Gold futures were higher in European trade on Wednesday, after falling to the lowest level in almost two weeks
overnight, as investors continued to monitor movements in the U.S. dollar.
 West Texas Intermediate oil prices fell in European trade on Wednesday, after rising sharply overnight, amid
speculation weekly supply data due later in the session will show U.S. crude inventories rose at a faster pace
than expected last week.
 The West's energy watchdog, the International Energy Agency, faces a possible legal split from its parent body
following decades of friction and fresh disagreements over cooperation with China, a document seen by Reuters
shows.
 Oil prices fluctuated on Wednesday as Canadian oil sands production was expected to gradually ramp up
following closures due to wildfires and as record crude inventories put pressure on markets.
 Oil prices surrendered most of their early gains on Wednesday, with U.S. crude turning negative, on worries that
government data could show another big U.S. crude stock build despite supportive Canadian supply outages.
 West Texas Intermediate oil futures came off the lowest levels of the session and hit intraday highs in North
America trade on Wednesday, after data showed that oil supplies in the U.S. registered an unexpected sharp
decline.
Aaj Ka Trend
12th May’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 1277.75
Silver 17.42
Crude Oil 45.80
Brent Crude Oil 47.14
Natural Gas 2.16
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.56
Dollar Index 93.80
EUR / USD 1.1424
CRB Index* 183.33
Closing as on 11.05.16 *Closing as on 11.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4708
Aluminum 1564
Zinc 1903
Lead 1772.50
Nickel 8885
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36000
Aluminum 12130
Zinc 15085
Lead 13040
Closing as on 11.05.16 Closing as on 11.05.16
LME INVENTORY DATA
Aaj Ka Trend
05-May-16 06-May-16 09-May-16 10-May-16 11-May-16
Aluminium -2900 -6275 -2900 -7150 -7375
Copper 2300 225 2300 1300 725
Lead -650 550 -650 1575 -50
Nickel 150 -1308 150 24 -690
Zinc -1225 -1125 -1225 -825 -875
12th May’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
12th May’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: 2016.05.12 08:28:42 +05'30'