#ChoiceBroking #Aajkatrend - #Bullions - MCX Gold Oct Hourly Chart CMP: 31315

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading in a narrow range since last
couple of days. On the other hand, prices have been trading
above its 50 HEMA which indicates positive confirmation to
the prices. Furthermore, COMEX Gold prices have taken
support at 61.80% Fibonacci retracement at $1346 levels on
hourly chart. Moreover, Momentum Indicator RSI is hovering
near 50 levels on hourly time frame. For now we expect prices
should move higher towards 31680 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: 31315
MCX Gold (Oct) Trend: Bullish
Price potential: 31680 Reversal:31130
MCX Silver Sept Hourly Chart CMP: 46767
Technical View:
MCX Silver prices are trading in a narrow range since last
couple of days. Furthermore COMEX Silver prices are trading
in a Symmetrical triangle formation on hourly chart. In
addition, Counter is trading above its 50 HEMA on hourly time
frame. Moreover, Momentum Indicator RSI is hovering near
50 levels on hourly time frame. For now we expect prices to
move higher towards 47470 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 47470 Reversal: 46370
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31273 31152 30922 31382 31503 31612 31842
Silver 46497 46116 45374 46858 47239 47600 48342
12th Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices witnessed breakout of its pennant
pattern at 322.70 levels on hourly chart. Furthermore,
counter is trading above its 50 HEMA on hourly time frame.
Moreover, COMEX Copper has observed breakout of its
Triangle pattern at $2.18 levels on hourly chart. On the
other hand, momentum indicator RSI is trading above 60
levels on hourly chart. For now we expect prices to move
higher towards 330 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 323.40
MCX Copper (Aug) Trend: Bullish
Price potential: 330 Reversal: 318
MCX Crude Oil Aug. Hourly Chart CMP: 2912
Technical View:
MCX Crude Oil achieved our short term target of 2890 as
expected. MCX Crude Oil prices are trading in a Rising
channel formation on hourly basis. On the other hand prices
have been trading above its 50 HEMA on hourly chart.
Looking at NYMEX WTI Crude Oil prices are trading in a
Higher high higher low formation on hourly time frame It
shows that there is positive trend to unfold. Moreover,
Momentum indicator RSI is trading above 60 levels on hourly
chart. For now we expect prices to move higher towards
2990 levels in coming trading sessions.
MCX Crude Oil (Aug) Trend: Bullish
Price potential: 2990 Reversal: 2860
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 321.6 320.1 317.4 322.8 324.3 325.5 328.2
Crude 2795 2703 2560 2846 2938 2989 3132
Base Metal
Energy
Aaj Ka Trend
12th Aug’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 321.6 320.1 317.4 322.8 324.3 325.5 328.2
Aluminum 109.8 109.4 108.8 110.1 110.5 110.7 111.4
Lead 121.5 120.8 119.6 122.1 122.8 123.3 124.6
Nickel 714.4 712.0 705.4 718.6 721.0 725.2 731.8
Zinc 151.0 150.2 148.2 152.1 152.9 154.1 156.0
Natural Gas 170.5 167.4 162.5 172.3 175.4 177.2 182.1
Fundamental News:
 Gold eased slightly in Asia on Thursday as investors booked gains and kept an eye on dollar weakness.
 Gold prices edged lower in European trade on Thursday, as investors evaluated the likelihood that the Federal
Reserve will raise interest rates this year, with no major new economic indicators due until Friday's highly
anticipated retail sales report.
 Gold prices were little changed in North American trade on Thursday, as weekly U.S. jobless claims data offered
few clues on whether the Federal Reserve will raise interest rates in the coming months.
 The International Energy Agency (IEA) warned on Thursday that global demand for oil was expected to fall from
this year to next due to a weaker macroeconomic context, pushing crude down to intraday lows.
 Oil struggled for gains on Thursday as a build in U.S. crude inventories and record Saudi Arabian output weighed
on markets.
 Oil prices turned higher in North American trade on Thursday, recovering after falling sharply on the back of
growing concerns over a global supply glut.
 Oil prices rose over 3 percent on Thursday after comments from the Saudi oil minister about possible action to
stabilize prices triggered a round of buying and the International Energy Agency forecast crude markets would
tighten in the second half of 2016.
 U.S. natural gas futures sank to a two-month low in North America trade on Thursday, after data showed that
natural gas supplies in storage in the U.S. rose more than forecast last week.
 The dollar held steady against the other major currencies on Thursday, despite the release of a positive U.S.
jobless claims report, as investors turned their attention to Friday’s U.S. data on retail sales and consumer
sentiment.
Aaj Ka Trend
12th Aug’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 1345.80
Silver 20.01
Crude Oil 43.75
Brent Crude Oil 46.20
Natural Gas 2.18
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.79
Dollar Index 95.88
EUR / USD 1.11
CRB Index* 181.99
Closing as on 11.08.16 *Closing as on 11.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4818
Aluminum 1634
Zinc 2274
Lead 1819
Nickel 10600
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37450
Aluminum 12320
Zinc 17320
Lead 13820
Closing as on 11.08.16 Closing as on 11.08.16
LME INVENTORY DATA
Aaj Ka Trend
05-Aug-16 08-Aug-16 09-Aug-16 10-Aug-16 11-Aug-16
Aluminium -6425 -5725 -2925 -7900 -8075
Copper -2650 -1625 -325 -525 -900
Lead 0 -50 -75 -75 -425
Nickel -2256 -264 -1926 -762 -900
Zinc -375 -275 -150 29800 -625
12th Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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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
12th Aug’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: 2016.08.12 08:31:52 +05'30'