#ChoiceBroking #Aajkatrend - MCX Gold August Hourly Chart CMP: 31022

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading in a falling channel formation &
facing resistance of upper band of channel on hourly basis. On
the other hand, MCX Gold prices have been trading below its
50 HEMA which indicates negative confirmation to the prices.
Furthermore, counter is trading below its super trend indicator
on hourly basis. Moreover, Momentum Indicator RSI is trading
below 50 levels on hourly time frame. For now we expect
prices should move lower towards 30600 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: 31022
MCX Gold (Aug) Trend: Bearish
Price potential: 30600 Reversal:31200
MCX Silver Sept Hourly Chart CMP: 47167
Technical View:
MCX Silver prices are trading in consolidation range since last
couple of weeks. On the other hand, MCX Silver prices have
been trading below its 50 HEMA which indicates negative
confirmation to the prices. Furthermore, COMEX Silver prices
has been trading below is 21 HEMA on hourly time frame.
Moreover, momentum indicator RSI is trading below 50 levels
on hourly chart. For now we expect prices to move lower
towards 46300 levels in few trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 46300 Reversal: 47450
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30864 30743 30484 31002 31123 31261 31520
Silver 46653 46314 45727 46901 47240 47488 48075
19th July’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices is trading above its trend line support on
hourly chart. COMEX Copper Prices have reversed of its
support of lower band of Rectangle pattern on hourly time
frame. Furthermore, prices have been trading above its 50
HEMA on hourly chart. Moreover counter is trading above
its super trend indicator on hourly basis. On the other hand,
momentum indicator RSI is trading above 50 levels on
hourly chart. For now we expect prices to move higher
towards 342.20 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 334.70
MCX Copper (Aug) Trend: Bullish
Price potential: 342.20 Reversal: 328.70
MCX Crude Oil Aug. Hourly Chart CMP: 3039
Technical View:
MCX Crude Oil prices witnessed breakdown of its
consolidation pattern at 3115 on hourly time frame. NYMEX
WTI Crude Oil prices are trading in a lower high lower low
formation on hourly chart. On the other hand prices have
been trading below its 50 HEMA on MCX Crude Oil hourly
chart. Moreover, Momentum indicator RSI is trading below
40 levels on hourly chart. For now we expect prices to move
lower towards 3030 levels in coming trading sessions.
MCX Crude Oil (Aug) Trend: Bearish
Price potential: 3030 Reversal: 3160
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 331.3 327.6 321.9 333.3 337.0 339.0 344.7
Crude 3056 3022 2930 3114 3148 3206 3298
Base Metal
Energy
Aaj Ka Trend
19th 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 331.3 327.6 321.9 333.3 337.0 339.0 344.7
Aluminum 110.6 110.0 108.8 111.2 111.8 112.4 113.6
Lead 124.3 123.4 121.6 125.1 126.0 126.9 128.6
Nickel 691.3 680.5 662.5 698.5 709.3 716.5 734.5
Zinc 147.4 146.2 144.3 148.1 149.3 150.0 151.9
Natural Gas 183.7 182.2 178.6 185.8 187.3 189.4 193.0
Fundamental News:
 Gold eased off gains in Asia on Monday in cautious trade after a failed weekend military takeover in NATO ally
Turkey was assessed with sentiment that political risk for now from the event was on the wane.
 Gold prices struggled near a two-week low in European trade on Monday, as investors unwound safe-haven
trades in the wake of a failed military coup in Turkey.
 Gold prices edged lower in North American trade on Monday, as investors unwound safe-haven trades in the
wake of a failed military coup in Turkey.
 Oil prices struggled for direction in European trade on Monday, flipping between gains and losses amid signs of
an ongoing recovery in U.S. drilling activity. Investors also digested news of a failed coup in Turkey over the
weekend.
 Oil steadied at lower levels Monday as investors largely shrugged off a failed military coup in Turkey on Friday.
 When Britain voted to leave the European Union, the thoughts of Yorkshire teacher Grace Hall immediately
turned to her family's bottom line.
 Oil prices fell nearly 2 percent on Monday as traders shrugged off the impact of the attempted coup in Turkey
and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent
prices some support.
 U.S. natural gas futures struggled for direction on Monday, flipping between gains and losses as updated
weather forecasting models pointed to mild temperatures across most parts of the U.S. in the week ahead.
Aaj Ka Trend
19th 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 1327.41
Silver 19.94
Crude Oil 45.06
Brent Crude Oil 46.81
Natural Gas 2.74
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.19
Dollar Index 96.56
EUR / USD 1.1068
CRB Index* 188.19
Closing as on 18.07.16 *Closing as on 18.07.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4939
Aluminum 1659
Zinc 2218
Lead 1854
Nickel 10545
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 38390
Aluminum 12415
Zinc 17250
Lead 13120
Closing as on 18.07.16 Closing as on 18.07.16
LME INVENTORY DATA
Aaj Ka Trend
12-July-16 13-July-16 14-July-16 15-July-16 18-July-16
Aluminium -6050 -6050 -6475 -6475 -7075
Copper 12150 -1700 1875 3650 -1850
Lead -125 -125 1400 500 -75
Nickel 384 282 414 -1230 -606
Zinc -125 -250 -125 -650 -150
19th July’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
19th 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: 2016.07.19 09:04:33 +05'30'