The document provides a technical analysis of commodity markets. It summarizes trends in gold, silver, copper, crude oil, and other base metals and energy commodities. On gold and silver, it notes bullish trends with price potentials to increase. On copper and crude oil, it indicates bearish trends and potential for prices to decrease. It provides charts and analysis to support these views. Pivot levels and support/resistance levels are also given for the day's trading.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold price has given breakout of its
rectangle pattern at 27420 levels and price has retested its
breakout trend line at 27420 levels. In addition, prices have
been trading above its 50 HEMA. Moreover, Momentum
Indicator RSI have been hovering around its support zone,
which gives the sign of bullishness in the prices. For now we
expect prices should move higher towards 27800 levels in the
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Hourly Chart CMP: 27465
MCX Gold (Feb) Trend: Bullish
Price potential: 27800 Reversal: 27220
MCX Silver Mar. 4 Hourly Chart CMP: 39125
Technical View:
On 4 hourly chart, MCX Silver price has been trading in its
falling wedge pattern and prices have been taking support of
its lower band of pattern at 38500 levels. On the other hand,
prices COMEX Silver prices have been taking support of its
horizontal trend line at $15.85 levels on hourly chart. In
addition, momentum indicator MACD has given positive
crossover on hourly chart, which indicates strength in the
prices. For now we expect prices to move higher towards
40000 levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 40000 Reversal: 38720
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27366 27287 27153 27500 28150 28350 28450
Silver 38695 38341 37751 39285 39639 40229 41763
02nd Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has been trading in falling channel
pattern and prices have been hovering around its
resistance of its upper band of channel pattern at 382 levels
on 4 hourly chart. In addition MCX Copper prices are trading
below its 100 HEMA. Furthermore, momentum indicator
CCI has faced resistance of its falling trend line at +157
levels on 4 hourly time frame, which suggest further down
side momentum can be seen. For now we expect prices to
move lower towards 367 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. 4 hourly Chart CMP: 376.85
MCX Copper (Feb) Trend: Bearish
Price potential: 367 Reversal: 382
MCX Crude Oil Jan. Hourly Chart CMP: 3648
Technical View:
MCX Crude Oil prices has given breakdown of its rising trend
line at 3665 levels on hourly chart. MCX Crude Oil is trading
below its 21 HEMA on hourly chart. On the other hand,
NYMEX WTI Crude oil price has shown breakdown of its rising
trend line at $54.10 levels. Moreover, Momentum indicator
MACD is trading moving below its signal line levels on hourly
chart which suggest the negative movement in the prices. For
now we expect prices to move lower towards 3550 levels in
coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3550 Reversal: 3710
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 375.1 373.5 371.7 376.9 378.5 380.3 385.4
Crude 3632 3613 3589 3656 3675 3699 3767
Base Metal
Energy
Aaj Ka Trend
02nd Jan’17

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 375.1 373.5 371.7 376.9 378.5 380.3 385.4
Aluminum 114.4 113.7 112.9 115.1 115.8 116.6 118.8
Lead 133.2 131.7 130.0 134.9 136.5 138.2 143.1
Nickel 676.9 673.8 668.1 682.6 685.7 691.4 705.8
Zinc 172.3 170.4 169.5 173.1 175.0 175.9 179.5
Natural Gas 248.6 245.2 239.3 254.5 257.9 263.8 279.0
Fundamental News:
 Gold prices eased on Friday as gains from a weak dollar was offset by profit-taking at the end of a year in which
bullion gained about more than 8 percent, snapping three years of declines.
 In the first half of 2016, investors increased gold exposure as the Federal Reserve showed caution on raising
interest rates due to concerns about global growth, while Britain's vote to leave the European Union curbed
appetite for risk and pushed the metal to a two-year high in July.
 Gold prices fell more than 8 percent in November, on higher U.S. Treasury yields after Donald Trump's
presidential election win led to speculation his commitment to infrastructure spending would spur growth.
 The dollar, oil and U.S. stocks slipped on Friday in thin pre-holiday trading on the last trading day of 2016, but
were well on track to notch up sizable gains for the year.
 U.S. stocks slipped following weak economic data and a decline in technology stocks. a spate of robust economic
reports, the Chicago Purchasing Manager Index fell more than expected to 54.6 in December. market is ending
2016 with a whimper.
 Oil prices were down for the day, but still on track for their biggest annual gain in seven years after OPEC and
other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for
two years. crude LCOc1 was down 0.47 percent at $56.58 a barrel, while U.S. crude CLc1 was down 0.33 percent
at $53.59.
 In bond markets, U.S. Treasuries were little changed across the curve in thin pre-holiday trading. Treasuries
ended the fourth quarter with their poorest performance in the history of the Merrill Lynch Treasury index, with
a -4.175 percent return, through Thursday.
Aaj Ka Trend
02nd Jan’17

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 1152
Silver 15.96
Crude Oil 53.90
Brent Crude Oil 56.74
Natural Gas 3.74
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.95
Dollar Index 102.37
EUR / USD 1.05
CRB Index* 192.51
Closing as on 30.12.16 *Closing as on 30.12.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5513
Aluminum 1707
Zinc 2565
Lead 2007
Nickel 9980
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 44520
Aluminum 12580
Zinc 21000
Lead 18000
Closing as on 30.12.16 Closing as on 30.12.16
LME INVENTORY DATA
Aaj Ka Trend
26-Dec-16 27-Dec-16 28-Dec-16 29-Dec-16 30-Dec-16
Aluminium 0 0 26775 6875 22251
Copper 0 0 -3475 -2751 -6125
Lead 0 0 -200 -51 -799
Nickel 0 0 -162 -125 -125
Zinc 0 0 -350 -475 -475
02nd Jan’17

5. Equities I Commodities I Currencies I Mutual Funds
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error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology,
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Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
02nd Jan’17
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: 2016.12.31 12:51:05 +05'30'