#ChoiceBroking #Aajkatrend - Bullions - MCX Gold Oct Hourly Chart CMP: 31217

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 chart.
Furthermore, Counter is trading above its horizontal trend line
on hourly basis. Moreover, Momentum Indicator RSI is trading
above 50 levels on daily time frame. For now we expect prices
should move higher towards 31600 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: 31217
MCX Gold (Oct) Trend: Bullish
Price potential: 31600 Reversal:31050
MCX Silver Dec Hourly Chart CMP: 46194
Technical View:
MCX Silver prices continued to trade lower after witnessing
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 45800 levels in few
trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 45800 Reversal: 46800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31161 31062 30896 31228 31327 31394 31560
Silver 46230 46005 45515 46495 46720 46985 47475
12th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices continued to trade above its trend line
support on hourly chart. In addition, COMEX Copper is
trading near its short term trend line support at $2.08 levels
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 321 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 313.65
MCX Copper (Nov) Trend: Bullish
Price potential: 321 Reversal: 308.20
MCX Crude Oil Sept. Hourly Chart CMP: 3080
Technical View:
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 near 60 levels on hourly basis. For now we
expect prices to move higher towards 3195 levels in coming
trading sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3195 Reversal: 3070
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 312.4 310.9 308.4 313.5 314.9 316.0 318.6
Crude 3092 3068 3015 3121 3145 3174 3227
Base Metal
Energy
Aaj Ka Trend
12th 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 312.4 310.9 308.4 313.5 314.9 316.0 318.6
Aluminum 105.0 104.6 103.9 105.4 105.7 106.1 106.9
Lead 126.5 125.9 124.7 127.1 127.7 128.3 129.5
Nickel 684.4 676.2 662.3 690.1 698.3 704.0 717.9
Zinc 152.7 151.9 150.4 153.3 154.2 154.8 156.2
Natural Gas 186.8 184.7 180.9 188.5 190.6 192.3 196.1
Fundamental News:
 Gold drifted slightly weaker in early Asia on Friday with consumer prices in China that will be closely watched in
the wake of recent mildly upbeat data in trade and manufacturing.
 Gold edged up as it swung between small gains and losses Friday in Asia after consumer prices in China came in
lower than expected, capping recent upbeat data in trade and manufacturing from the country that is the second
largest importer of the yellow metal.
 Gold prices slipped lower on Friday, but losses were expected to remain limited as a globally weaker U.S. dollar
continued to lend support to the precious metal.
 Crude prices held weaker on Friday in Asia as investors took profits on sharp gains following bullish U.S.
inventories data and looked ahead to an industry report on rig counts in the U.S.
 Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi
Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in U.S.
crude stocks.
 Oil prices fell on Friday as traders booked profits after a rally in the previous session when government data
showed a far larger than expected drawdown in U.S. crude inventories.
 Iran's steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be
struggling to fulfill its plans to raise production to new highs while demanding to be excluded from any OPEC
deals on supply curbs.
 The dollar erased losses against the other major currencies in quiet trade on Friday, as no major U.S. economic
data was to be released throughout the day but gains were expected to remain limited as declined expectations
for a 2016 U.S. rate hike continued to weigh.
Aaj Ka Trend
12th 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 1327.96
Silver 18.95
Crude Oil 45.10
Brent Crude Oil 47.25
Natural Gas 2.838
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.68
Dollar Index 95.29
EUR / USD 1.1241
CRB Index* 182.53
Closing as on 09.09.16 *Closing as on 09.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4633
Aluminum 1578.50
Zinc 2291
Lead 1902
Nickel 10370
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36310
Aluminum 12005
Zinc 17820
Lead 13920
Closing as on 09.09.16 Closing as on 09.09.16
LME INVENTORY DATA
Aaj Ka Trend
05-Sept-16 06-Sept-16 07-Sept-16 08-Sept-16 09-Sept-16
Aluminium -6975 -3900 -5450 -6700 -7052
Copper 13725 6450 10300 -1375 12378
Lead 0 -225 -425 200 1148
Nickel -666 138 -744 105 80
Zinc -575 -575 -1350 -175 -1001
12th 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
12th 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: 2016.09.12 09:11:19 +05'30'