#ChoiceBroking #Aajkatrend : Bullions: MCX Gold June Hourly Chart CMP: 28645

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On Hourly chart MCX Gold prices has breached its crucial
trend line support at 28580 levels. Counter is trading below its
50 HEMA on hourly chart. Furthermore, Three Black Crow
Bearish candle stick pattern is visible on weekly chart of
COMEX Gold. Moreover, Momentum Indicator RSI is trading
below 30 levels which add bearishness to the prices. For now
we expect prices should move lower towards 28100 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: 28645
MCX Gold (June) Trend: Bearish
Price potential: 28100 Reversal:28700
MCX Silver July Hourly Chart CMP: 38619
Technical View:
As Expected MCX Silver Prices traded on a lower side till 38357
levels. Moreover, Counter is trading below its trend line
resistance on four hourly time frame. On the other hand, MCX
Silver prices are trading below its 21 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 30 levels on hourly chart. For now we expect prices to
move lower towards 37800 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 37800 Reversal: 38850
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28403 28317 28137 28497 28583 28677 28857
Silver 38383 38267 38060 38474 38590 38681 38888
31st May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On Hourly chart MCX Copper prices are trading in rising
channel formation. However, MCX Copper prices are
trading near its upward rising trend line support on hourly
chart which indicates bulls to resume its uptrend.
Furthermore, Counter is trading above its 100 HEMA on
hourly time frame. On the other hand, momentum indicator
RSI is trading near its support of 40 levels on hourly chart.
For now we expect prices to move higher towards 322
levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 312.50
MCX Copper (June) Trend: Bullish
Price potential: 322 Reversal: 308
MCX Crude Oil June. Hourly Chart CMP: 3374
Technical View:
On Hourly chart MCX Crude Oil prices are trading in rising
channel formation. Moreover prices has formed higher top
higher bottom formation on hourly basis. On the other hand
counter is trading above its 100 HEMA on MCX Crude Oil
hourly chart. Furthermore, COMEX Crude prices are trading
above its trend line support. Moreover, MACD Indicator has
witnessed positive crossover on hourly chart. For now we
expect prices to move higher towards 3420 levels in coming
trading sessions.
MCX Crude Oil (June) Trend: Bullish
Price potential: 3420 Reversal: 3280
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 312.4 311.8 310.2 313.4 314.0 315.0 316.6
Crude 3314 3299 3273 3325 3340 3351 3377
Base Metal
Energy
Aaj Ka Trend
31st 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 312.4 311.8 310.2 313.4 314.0 315.0 316.6
Aluminum 103.6 103.4 103.1 103.8 103.9 104.1 104.5
Lead 113.4 113.1 112.5 113.7 114.0 114.3 114.9
Nickel 559.6 557.8 553.8 561.8 563.6 565.8 569.8
Zinc 127.3 126.9 125.9 127.8 128.2 128.8 129.7
Natural Gas 145.4 144.5 142.9 146.1 147.0 147.7 149.3
Fundamental News:
 Gold fell in Asia on Monday with markets in the U.S. and U.K. shut for holidays and investors focused on a
possible Fed interest rate hike as early as next month.
 Gold futures fell sharply in European trade on Monday, dropping below the key $1,200-level for the first time
since February as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.
 Gold futures trimmed overnight losses in North American trade on Monday, after dropping below the key
$1,200-level for the first time since February as investors continued to factor in an increased chance of a near-
term U.S. interest rate rise.
 Oil prices were modestly lower in quiet European trade on Monday, as a broadly stronger U.S. dollar prompted
market players to lock in gains from a recent rally which took prices above the key $50-level.
 Saudi Arabia, Kuwait, Iran and U.A.E. are also planning to increase supplies later this year. The recent recovery
in oil prices has dampened expectations OPEC will curb supplies at Thursday's meeting.
 Oil futures were lower on Monday as the dollar strengthened, with trading expected to be light due to holidays
in the U.K. and the U.S.
 Oil prices were slightly lower in North American trade on Monday, as market players focused on an improving
global supply outlook.
 Oil prices edged lower toward $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC
meeting while Canadian production was set to restart after huge wildfires.
 U.S. natural gas futures edged lower in holiday-thinned trade on Monday, after the latest U.S. weather model
called for mild summer temperatures over the next two weeks, which should increase cooling demand during
that time.
Aaj Ka Trend
31st 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 1211.05
Silver 16.04
Crude Oil 49.46
Brent Crude Oil 49.65
Natural Gas 2.17
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.16
Dollar Index 95.72
EUR / USD 1.1147
CRB Index* 186.13
Closing as on 30.05.16 *Closing as on 30.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4695
Aluminum 1556
Zinc 1899
Lead 1699
Nickel 8420
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35810
Aluminum 12340
Zinc 15075
Lead 12800
Closing as on 30.05.16 Closing as on 30.05.16
LME INVENTORY DATA
Aaj Ka Trend
24-May-16 25-May-16 26-May-16 27-May-16 30-May-16
Aluminium -5550 -5375 -4425 -5900 0
Copper 2250 -2000 725 -2225 0
Lead 5575 5575 -275 -25 0
Nickel -384 -630 -978 1848 0
Zinc -100 -600 -50 -2025 0
31st 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
31st 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: 2016.05.31 08:46:15 +05'30'