#ChoiceBroking #Aajkatrend: Bullions: MCX Gold June Hourly Chart CMP: 28940

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
As Expected MCX Gold price traded on a lower side and
achieved our short term target of 28920. MCX Gold prices are
trading below its trend line resistance on hourly chart.
Moreover, MCX Gold prices are trading below its 50 HEMA on
hourly chart. The momentum indicator, RSI has drift below 30
levels on hourly chart, which gives negative momentum to the
prices. For now we expect prices should move lower towards
28550 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold June Hourly Chart CMP: 28940
MCX Gold (June) Trend: Bearish
Price potential: 28550 Reversal:29150
MCX Silver July Hourly Chart CMP: 39239
Technical View:
MCX Silver prices has witnessed breakdown of its Descending
triangle pattern at 39350 levels. On the other hand, MCX Silver
prices are trading below its 50 HEMA which indicates negative
confirmation to the prices. Furthermore, Three Black Crow
Bearish candle stick pattern is visible on weekly chart of
COMEX silver. Moreover, momentum indicator RSI has drift
below 50 levels on hourly chart. For now we expect prices to
move lower towards 38420 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 38420 Reversal: 39670
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28808 28658 28305 29011 29161 29364 29717
Silver 39092 38937 38619 39255 39410 39573 39891
26th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices have given breakout above its trend line
resistance at 315.35 levels. However, MCX Copper prices is
trading above its 50 HEMA on hourly chart which indicates
short term trend remains strong. On the other hand,
momentum indicator RSI is trading above 60 levels on
hourly chart. Furthermore, momentum indictor MACD has
shown positive crossover on hourly chart. For now we
expect prices to move higher towards 323 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 314.80
MCX Copper (June) Trend: Bullish
Price potential: 323 Reversal: 309.50
MCX Crude Oil June. Hourly Chart CMP: 3325
Technical View:
On daily chart, the MCX Crude Oil price has completed a
“Bearish AB=CD Harmonic Pattern” at 3330 levels. Moreover
prices has continuously faced selling pressure near 3350
levels. On the other hand counter is trading below its 21
HEMA on NYMEX Crude 4 hour chart. Furthermore
momentum indicator RSI has reversed from its overbought
territory which indicates pressure ahead. For now we expect
prices to move lower towards 3210 levels in coming trading
sessions.
MCX Crude Oil (June) Trend: Bearish
Price potential: 3210 Reversal: 3350
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 311.9 309.6 305.3 313.8 316.1 318.1 322.3
Crude 3278 3251 3189 3313 3340 3375 3437
Base Metal
Energy
Aaj Ka Trend
26th May’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 311.9 309.6 305.3 313.8 316.1 318.1 322.3
Aluminum 103.3 102.8 101.3 104.2 104.7 105.7 107.1
Lead 109.4 108.6 106.5 110.7 111.5 112.8 114.9
Nickel 559.6 555.5 545.3 565.7 569.8 575.9 586.1
Zinc 122.7 121.8 120.1 123.4 124.3 125.1 126.7
Natural Gas 143.8 142.6 139.5 145.7 146.9 148.8 151.9
Fundamental News:
 Gold futures added to overnight losses in European trade on Wednesday, falling to a seven-week low as
investors continued to factor in an increased chance of a near-term U.S. interest rate rise.
 Gold prices eased in Asia on Wednesday as investors increasingly expect a rate hike by the Federal Reserve as
early as the June policy meeting.
 Gold futures fell to a seven-week low in North American trade on Wednesday, extending overnight losses as
investors bet that the Federal Reserve was on track to raise interest rates this summer.
 Two energy advisers to Donald Trump want him to call out members of the Organization of the Petroleum
Exporting Countries for driving down world oil prices when he delivers a major energy policy speech this week
 Oil futures on Wednesday ended a recent losing streak and moved back toward the $50-dollar level on
stronger-than-than drawdown of U. S. crude.
 OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.
 West Texas Intermediate oil futures extended gains in North America trade on Wednesday to hit a new seven-
month high after data showed that oil supplies in the U.S. fell more than expected last week.
 U.S. natural gas futures struggled near a one-month low on Wednesday, as traders looked ahead to fresh
weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.
 Natural gas prices are down nearly 15% so far this year as weak winter heating demand, near-record production
and record-high storage levels dragged down prices.
Aaj Ka Trend
26th May’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 1227.30
Silver 16.35
Crude Oil 49.63
Brent Crude Oil 49.80
Natural Gas 1.97
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.33
Dollar Index 95.40
EUR / USD 1.1155
CRB Index* 185.29
Closing as on 25.05.16 *Closing as on 25.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4654
Aluminum 1544
Zinc 1833.50
Lead 1635
Nickel 8350
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35910
Aluminum 11975
Zinc 14715
Lead 12665
Closing as on 25.05.16 Closing as on 25.05.16
LME INVENTORY DATA
Aaj Ka Trend
19-May-16 20-May-16 23-May-16 24-May-16 25-May-16
Aluminium -5000 -5575 -5300 -5550 -5375
Copper 1750 -2875 -725 2250 -2000
Lead -200 -150 -125 5575 5575
Nickel 1482 1104 -1668 -384 -630
Zinc -1125 -600 -975 -100 -600
26th May’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
26th May’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: 2016.05.26 08:54:37 +05'30'