#ChoiceBroking #Aajkatrend - Bullions: MCX Gold Oct Hourly Chart CMP: 30903

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 50 levels on hourly time frame.
For now we expect prices should move lower towards 30550
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: 30903
MCX Gold (Oct) Trend: Bearish
Price potential: 30550 Reversal:31100
MCX Silver Dec Hourly Chart CMP: 46041
Technical View:
COMEX Silver prices observed breakout of its Rectangle
pattern at $19.27 levels on hourly time frame. Furthermore,
MCX Silver prices are trading above its 21 HEMA on hourly
time frame. Looking at ADX, Positive directional index (+DMI)
is in domination position with rising average direction index.
Moreover, Momentum indicator RSI is trading above 50 levels
on hourly basis. For now we expect prices to move higher
towards 46850 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 46850 Reversal: 45650
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30861 30821 30721 30921 30961 31021 31121
Silver 45756 45364 44716 46012 46404 46660 47308
20th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper is trading in Rectangle
formation after witnessing breakout of Consolidation range.
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 50 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: 322.80
MCX Copper (Nov) Trend: Bullish
Price potential: 331.50 Reversal: 318
MCX Crude Oil Oct. Hourly Chart CMP: 2898
Technical View:
MCX Crude Oil prices have witnessed breakout of its Falling
channel formation at 3008 levels on hourly time frame.
Looking at ADX, Positive directional index (+DMI) is in
domination position with rising average direction index.
Furthermore, Counter is trading above its 21 HEMA on hourly
chart. Moreover, Momentum indicator RSI is trading above
50 levels on hourly basis. For now we expect prices to move
higher towards 3070 levels in coming trading sessions.
MCX Crude Oil (Oct) Trend: Bullish
Price potential: 3060 Reversal: 2935
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 321.6 320.3 318.2 322.5 323.7 324.6 326.8
Crude 2970 2933 2875 2991 3028 3049 3107
Base Metal
Energy
Aaj Ka Trend
20th 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 321.6 320.3 318.2 322.5 323.7 324.6 326.8
Aluminum 104.7 104.2 103.4 105.1 105.6 105.9 106.8
Lead 129.2 128.1 126.3 130.0 131.1 131.8 133.7
Nickel 658.4 646.5 628.0 665.0 676.9 683.5 702.0
Zinc 148.3 146.5 143.7 149.3 151.1 152.1 154.9
Natural Gas 194.0 192.1 188.4 195.8 197.7 199.5 203.2
Fundamental News:
 Gold prices gained in Asia on Monday with the stage set this week for the latest Federal Reserve review on rates
and on the same day the Bank of Japan expected to detail results of a review on its easing policies.
 Gold prices were higher during Europe's session on Monday, bouncing off a more than two-week low as
investors looked ahead to this week's highly anticipated Federal Reserve policy meeting.
 Gold prices held on to overnight gains during North America's session on Monday, as the U.S. dollar slipped
amid expectations of no rate change from the Federal Reserve this week.
 Oil prices rose sharply during European hours on Monday, recovering from last week's steep declines, as traders
continued to monitor developments before the informal meeting of major oil producing countries later this
month.
 Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close
to a deal to stabilize the market and as clashes in Libya disrupted attempts to boost crude exports.
 Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were close to reaching
a deal to stabilize oil markets and that he aimed for a deal to be announced this month.
 Oil was higher Monday as hopes grew about a possible accord among major producers to cap output.
 Oil prices ticked higher during North American hours on Monday, after Venezuelan President Nicolas Maduro
said over the weekend that OPEC and non-OPEC countries were "close" to reaching a deal to stabilize oil
markets and that he aimed for a deal to be announced this month.
Aaj Ka Trend
20th 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 1316
Silver 19.23
Crude Oil 43.09
Brent Crude Oil 45.81
Natural Gas 2.943
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.97
Dollar Index 95.88
EUR / USD 1.1171
CRB Index* 181.63
Closing as on 19.09.16 *Closing as on 19.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4776
Aluminum 1583
Zinc 2251
Lead 1954
Nickel 10150
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37230
Aluminum 12095
Zinc 17900
Lead 14410
Closing as on 19.09.16 Closing as on 19.09.16
LME INVENTORY DATA
Aaj Ka Trend
13-Sept-16 14-Sept-16 15-Sept-16 16-Sept-16 19-Sept-16
Aluminium -6300 -9250 -625 -6050 -5452
Copper 3602 -1875 -2275 -225 624
Lead 0 0 0 0 301
Nickel -182 84 -6 -840 -110
Zinc -801 -1125 -1100 -1125 -50
20th 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
20th 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: 2016.09.20 09:10:34 +05'30'