#ChoiceBroking #Aajkatrend - #Bullions - MCX Gold Oct Hourly Chart CMP: 31404

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are facing a resistance of downward falling
trend line on hourly basis. On the other hand, prices have
been trading below 50 HEMA on hourly time frame.
Furthermore, ADX indicator is trading below 25 which
indicates lack of strength ahead on hourly chart. Moreover,
Momentum Indicator RSI is trading below 50 levels on hourly
time frame. For now we expect prices should move lower
towards 31050 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: 31404
MCX Gold (Oct) Trend: Bearish
Price potential: 31050 Reversal:31600
MCX Silver Sept Hourly Chart CMP: 45444
Technical View:
MCX Silver prices has witnessed breakdown of its
consolidation pattern at 45350 on hourly time frame.
Furthermore COMEX Silver prices is trading below its 21 HEMA
on hourly chart. In addition, MCX Silver is trading below its 100
HEMA on hourly time frame. Moreover, Momentum Indicator
RSI has plunge below 40 levels on hourly time frame. For now
we expect prices to move lower towards 44700 levels in few
trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 44700 Reversal: 45890
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31299 31204 31012 31396 31491 31588 31780
Silver 45077 44648 43718 45578 46007 46508 47438
22nd Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakout of its Falling
Channel formation at 322 levels on hourly chart.
Furthermore, counter is trading above its super trend
indicator on hourly time frame. Moreover, MCX Copper is
trading above its 50 HEMA on hourly chart. On the other
hand, momentum indicator RSI is trading near 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: 322.15
MCX Copper (Aug) Trend: Bullish
Price potential: 330 Reversal: 317
MCX Crude Oil Sept. Hourly Chart CMP: 3292
Technical View:
MCX Crude Oil prices have completed bearish Anti – Cypher
pattern at 3287 on hourly time frame. On the other hand
prices have been witnessed breakdown of its Rising Wedge
pattern on hourly chart. Furthermore, NYMEX WTI Crude Oil
has observed breakdown of its falling channel pattern on
hourly basis. Moreover, Momentum indicator RSI has faced
resistance at 60 levels on hourly chart. For now we expect
prices to move lower towards 3215 levels in coming trading
sessions.
MCX Crude Oil (Sept) Trend: Bearish
Price potential: 3215 Reversal: 3340
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 320.3 318.7 316.1 321.4 323.0 324.0 326.7
Crude 3264 3239 3188 3290 3315 3341 3392
Base Metal
Energy
Aaj Ka Trend
22nd 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 320.3 318.7 316.1 321.4 323.0 324.0 326.7
Aluminum 110.7 109.9 108.3 111.5 112.3 113.1 114.7
Lead 125.3 124.6 123.3 126.0 126.7 127.3 128.7
Nickel 688.5 681.6 670.1 693.1 700.0 704.6 716.1
Zinc 152.6 151.7 150.2 153.2 154.1 154.7 156.2
Natural Gas 171.8 169.6 163.5 175.7 177.9 181.8 187.9
Fundamental News:
 Gold inched up as the dollar fell to a seven-week low against its main rivals, while investors digested minutes
from the Federal Reserve and the European Central Bank for further indications on the scope and duration of a
host of low interest rate policies from major central banks throughout the world.
 Gold prices dipped in Asia on Friday with a cautious eye on the Federal Reserve as debate grows on the need for
a rate hike by the end of the year.
 Gold prices slipped lower on Friday, but still remained close to a two-week high as the minutes of the Federal
Reserve’s latest policy meeting continued to weigh on the greenback.
 Crude oil gained in early Asia on Friday as an output freeze by key producers was said to be gaining traction,
though vast global oversupply continues to hang over the market.
 Crude oil held gains in Asia on Friday with Brent comfortably above $50 a barrel as an output freeze by key
producers was said to be gaining traction, though vast global oversupply continues to hang over the market.
 Oil was lower Friday on profit-taking on the back of a strong rally on output freeze hopes.
 U.S. oil futures slipped lower but remained close to seven-week highs on Friday, as a decline U.S. stockpiles and
hopes for an agreement between exporting countries on a potential production freeze continued to support.
 Oil prices fell as much as 1 percent on Friday, retreating from eight-week highs, as market participants took
profits from one of this year's strongest rallies in crude, which analysts called fundamentally unjustified.
Aaj Ka Trend
22nd 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 1345.30
Silver 19.28
Crude Oil 48.50
Brent Crude Oil 50.80
Natural Gas 2.575
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.13
Dollar Index 94.48
EUR / USD 1.13
CRB Index* 188.77
Closing as on 19.08.16 *Closing as on 19.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4798
Aluminum 1667
Zinc 2286
Lead 1883
Nickel 10355
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37290
Aluminum 12585
Zinc 17480
Lead 13800
Closing as on 19.08.16 Closing as on 19.08.16
LME INVENTORY DATA
Aaj Ka Trend
12-Aug-16 16-Aug-16 17-Aug-16 18-Aug-16 19-Aug-16
Aluminium -8000 -2250 18300 18300 -7100
Copper -1550 -1175 7925 7925 -2800
Lead -150 -50 -175 -125 -100
Nickel -270 4944 -414 -414 -60
Zinc -175 -275 -375 -375 -1175
22nd Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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Amit Pathania
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amit.pathania@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
22nd Aug’16
Neeraj Yadav
Research Advisor
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Senior Research Associate
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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: 2016.08.20 14:16:08 +05'30'