#ChoiceBroking #Aajkatrend : Bullions: MCX Gold Oct Hourly Chart CMP: 31333

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices have witnessed breakout of its pennant
pattern at 31349 levels on hourly time frame. On the other
hand, prices have been trading above 20 HEMA on hourly
chart. 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 time frame. For now we expect prices should move
higher towards 31650 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: 31333
MCX Gold (Oct) Trend: Bullish
Price potential: 31650 Reversal:31150
MCX Silver Dec Hourly Chart CMP: 46518
Technical View:
MCX Silver prices have witnessed breakdown of its Rising
channel pattern at 46686 levels on hourly chart. Furthermore,
MCX Silver prices are trading below its 20 HEMA on hourly
time frame. In addition on COMEX silver prices have
completed Bearish shark harmonic pattern at $20.14 levels on
hourly chart. Moreover, Momentum indicator RSI is trading
above 50 levels on hourly basis. For now we expect prices to
move lower towards 45800 levels in few trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 45800 Reversal: 46950
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31225 31148 31009 31287 31364 31426 31565
Silver 46373 46097 45607 46587 46863 47077 47567
27th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper has witnessed breakout of
Rectangle at 325.70 levels on hourly time frame.
Furthermore, Counter is trading above its 50 HEMA on
hourly chart. Moreover, momentum indicator MACD has
observed positive crossover on hourly time frame. In
addition, Momentum indicator RSI is trading above 60
levels on Daily basis. For now we expect prices to move
higher towards 334.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 326.70
MCX Copper (Nov) Trend: Bullish
Price potential: 334.50 Reversal: 321.50
MCX Crude Oil Oct. Hourly Chart CMP: 3080
Technical View:
MCX Crude Oil prices witnessed breakout of its consolidation
range at 3040 levels on hourly time frame. Furthermore,
Counter is trading above its 20 HEMA on hourly chart.
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 3135 levels in coming trading sessions.
MCX Crude Oil (Oct) Trend: Bullish
Price potential: 3135 Reversal: 3010
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 325.1 323.7 321.0 326.3 327.8 329.0 331.6
Crude 3003 2936 2826 3046 3113 3156 3266
Base Metal
Energy
Aaj Ka Trend
27th 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 325.1 323.7 321.0 326.3 327.8 329.0 331.6
Aluminum 108.3 106.9 104.6 109.3 110.7 111.6 114.0
Lead 127.4 125.7 123.1 128.2 129.9 130.8 133.3
Nickel 691.7 686.1 673.8 698.4 704.0 710.7 723.0
Zinc 150.2 148.6 146.1 151.1 152.7 153.6 156.1
Natural Gas 197.3 194.8 190.5 199.1 201.6 203.4 207.7
Fundamental News:
 Gold prices wobbled during Europe's session on Monday, but held near a two-week high, as investors squared
positions ahead of Monday night's U.S. presidential debate between Donald Trump and Hillary Clinton.
 Gold fell in Asia on Monday, giving up early gains, with a busy week of central bank remarks ahead and what is
expected to be a record audience for the first debate between the top two contenders for the U.S. presidency.
 Gold prices swung between small gains and losses during North America's session on Monday, remaining near a
two-week high as investors' attention turned from central banks to American politics ahead of the first U.S.
presidential debate.
 Oil prices rallied in volatile trade during North American hours on Monday, amid hopes global oil producers will
make progress on a deal to limit production at a meeting later this week.
 Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the
market, with nervous trade driving volatility to its highest since exporters met in April.
 Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves,
to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a
global oversupply of crude.
 Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal
in Algeria this week even though several other members of the group said they still hoped for steps to tackle a
price-eroding glut of crude.
 U.S. natural gas futures rose for the first time in three sessions on Monday, climbing back towards the highest
level since January 2015 amid forecasts for unusually warm temperatures across most parts of the continental
U.S. in the days ahead.
Aaj Ka Trend
27th 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 1339.25
Silver 19.48
Crude Oil 45.25
Brent Crude Oil 47.88
Natural Gas 3.07
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.61
Dollar Index 95.26
EUR / USD 1.12
CRB Index* 184.98
Closing as on 26.09.16 *Closing as on 26.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4880
Aluminum 1661
Zinc 2289
Lead 1947
Nickel 10530
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37470
Aluminum 12460
Zinc 17250
Lead 13650
Closing as on 26.09.16 Closing as on 26.09.16
LME INVENTORY DATA
Aaj Ka Trend
20-Sept-16 21-Sept-16 22-Sept-16 23-Sept-16 26-Sept-16
Aluminium -6700 -6600 -8150 -6700 -10701
Copper -1675 -150 -1750 10825 7252
Lead 875 2200 -200 -25 250
Nickel -1075 -1002 120 -1686 -854
Zinc -50 -250 -300 -1200 -648
27th Sept’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
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
27th Sept’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: 2016.09.27 08:38:20 +05'30'