#ChoiceBroking #Aajkatrend - #Bullions - MCX Gold Oct Hourly Chart CMP: 30813

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading in a falling channel formation on
hourly time frame. On the other hand, prices have been
trading below 50 HEMA on hourly chart. Looking at ADX,
negative directional index (-DMI) is in domination position
with rising average direction index. Moreover, Momentum
Indicator RSI is trading below 40 levels on hourly time frame.
For now we expect prices should move lower towards 30450
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: 30813
MCX Gold (Oct) Trend: Bearish
Price potential: 30450 Reversal:31000
MCX Silver Dec Hourly Chart CMP: 45273
Technical View:
MCX Silver prices observed breakdown of its Rectangle
pattern at 45167 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 50 levels
on hourly basis. For now we expect prices to move lower
towards 44600 levels in few trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 44600 Reversal: 45700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30757 30711 30577 30845 30891 30979 31113
Silver 45006 44754 44205 45303 45555 45852 46401
19th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper is trading in pennant
formation after witnessing breakout of Rectangle pattern.
Furthermore, Counter is trading above its 21 HEMA on
hourly chart. Moreover, MCX Copper has completed Bullish
Cypher Harmonic Pattern on daily chart. In addition,
Momentum indicator RSI is trading above 60 levels on
hourly basis. For now we expect prices to move higher
towards 331.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 324.05
MCX Copper (Nov) Trend: Bullish
Price potential: 331.50 Reversal: 319
MCX Crude Oil Sept. Hourly Chart CMP: 2885
Technical View:
MCX Crude Oil prices have breached its Horizontal trend line
support near 2900 on hourly time frame. Looking at ADX,
negative directional index (-DMI) is in domination position
with rising average direction index. Furthermore, Counter is
trading below its 50 DEMA on hourly chart. Moreover,
Momentum indicator RSI has drift below 40 levels on hourly
basis. For now we expect prices to move lower towards
2810 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bearish
Price potential: 2810 Reversal: 2935
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 322.4 320.9 318.3 323.6 325.0 326.2 328.9
Crude 2863 2842 2790 2894 2915 2946 2998
Base Metal
Energy
Aaj Ka Trend
19th 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 322.4 320.9 318.3 323.6 325.0 326.2 328.9
Aluminum 104.4 103.8 102.6 105.0 105.6 106.2 107.4
Lead 128.9 128.2 126.7 129.7 130.4 131.2 132.7
Nickel 644.8 638.2 627.3 649.1 655.7 660.0 670.9
Zinc 147.2 146.2 143.9 148.4 149.5 150.7 152.9
Natural Gas 194.1 190.0 183.5 196.5 200.6 203.0 209.5
Fundamental News:
 Gold prices rebounded mildly in Asia on Friday as investors squared positions ahead of next week's two-day Fed
meet widely expected to keep interest rates steady.
 Gold prices were little changed on Friday, as markets continued to digest the previous session’s weak U.S.
economic reports and investors awaited fresh U.S. data to be released later in the day.
 U.S. oil futures fell to fresh two-and-a-half week lows on Friday, as rising exports in Iran, Libya and Nigeria
sparked fresh supply glut concerns.
 Iran has doubled crude exports this year as it seeks to regain market share.
Major producers are due to meet later this month for talks on the oil glut.
Earlier this year Iran snubbed a proposed freeze on output.
 Oil was sharply lower Friday on ongoing supply concerns with U.S. rig count data due.
 India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn
a U.S. complaint that New Delhi had discriminated against importers in the Indian solar power sector.
 Venezuela will use this weekend's Non-Aligned Summit to meet fellow oil producers and gather support for a
global deal to strengthen oil prices at a gathering in Algeria this month, Oil Minister Eulogio del Pino said.
 The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week
ending September 13 on Friday.
Aaj Ka Trend
19th 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 1313.25
Silver 18.84
Crude Oil 43.23
Brent Crude Oil 46.02
Natural Gas 2.95
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.07
Dollar Index 96.06
EUR / USD 1.1155
CRB Index* 180.78
Closing as on 16.09.16 *Closing as on 16.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4750
Aluminum 1561
Zinc 2201
Lead 1928
Nickel 9666
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36950
Aluminum 12100
Zinc 16950
Lead 13350
Closing as on 16.09.16 Closing as on 16.09.16
LME INVENTORY DATA
Aaj Ka Trend
09-Sept-16 13-Sept-16 14-Sept-16 15-Sept-16 16-Sept-16
Aluminium -7052 -6300 -9250 -625 -6050
Copper 12378 3602 -1875 -2275 -225
Lead 1148 0 0 0 0
Nickel 80 -182 84 -6 -840
Zinc -1001 -801 -1125 -1100 -1125
19th 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
19th Sept’16
Neeraj Yadav
Research Advisor
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Anish Vyas
Senior Research Associate
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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: 2016.09.17 12:48:53 +05'30'