The document provides a technical analysis of commodity markets. It summarizes that MCX gold and silver prices are expected to rise in the near term based on technical indicators. MCX copper and crude oil prices are expected to fall based on indicators showing bearish trends. Pivot levels are provided for different commodities to indicate support and resistance levels.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices has witnessed breakout of its Rising wedge
pattern at 30847 levels on hourly time frame. On the other
hand, prices have been trading above 21 HEMA on hourly time
frame. Looking at ADX, Positive Directional Index (+DMI) is in
dominating 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 31150 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: 30772
MCX Gold (Oct) Trend: Bullish
Price potential: 31150 Reversal:30600
MCX Silver Dec Hourly Chart CMP: 45180
Technical View:
MCX Silver prices has observed breakout of Falling wedge
pattern at 44969 levels on hourly chart. Furthermore, MCX
Silver prices are trading above its 21 HEMA on hourly time
frame. In addition prices have retraced 50% from its previous
up move on daily chart. Moreover, Momentum Indicator RSI is
trading above 70 level on hourly time frame. For now we
expect prices to move higher towards 46000 levels in few
trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 46000 Reversal: 44800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30650 30500 30241 30759 30909 31018 31277
Silver 44795 44467 43917 45017 45345 45567 46117
02nd Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices are trading in a Falling channel
formation on hourly chart. In addition, counter is facing
resistance of upper band of channel. Furthermore, Counter
is trading below its super trend indicator in hourly time
frame. Moreover, MCX Copper is trading below its 50 HEMA
on daily chart. On the other hand, momentum indicator RSI
is facing resistance near 60 levels on hourly chart. For now
we expect prices to move lower towards 305 levels in
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 312.10
MCX Copper (Nov) Trend: Bearish
Price potential: 305 Reversal: 318.25
MCX Crude Oil Sept. Hourly Chart CMP: 2909
Technical View:
MCX Crude oil traded exactly as per our line of expectation
and achieved our short term target. MCX Crude Oil prices
have witnessed breakdown of its Descending Triangle
formation and continued to trade lower. Looking at ADX,
Negative directional index (-DMI) is in domination position
with rising average direction index. Counter is trading below
its 50 HEMA on Hourly time chart. Moreover, Momentum
indicator RSI has plunge below 30 levels on hourly basis. For
now we expect prices to move lower towards 2855 levels in
coming trading sessions.
MCX Crude Oil (Sept) Trend: Bearish
Price potential: 2855 Reversal: 2980
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 311.1 310.0 306.7 313.3 314.4 316.6 319.9
Crude 2895 2855 2749 2961 3001 3067 3173
Base Metal
Energy
Aaj Ka Trend
02nd 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 311.1 310.0 306.7 313.3 314.4 316.6 319.9
Aluminum 106.6 105.9 104.3 107.5 108.2 109.1 110.7
Lead 127.7 126.7 124.9 128.5 129.5 130.3 132.1
Nickel 654.9 649.6 638.2 661.0 666.3 672.4 683.8
Zinc 155.4 155.0 154.0 156.0 156.4 157.0 158.0
Natural Gas 185.5 183.2 176.5 189.9 192.2 196.6 203.3
Fundamental News:
 Gold prices in Asia gained on Thursday ahead of closely-watched manufacturing PMIs from China for demand
signals across the metals complex.
 Gold prices steadied above the prior session's two-month low during European hours on Thursday, as investors
looked ahead to data on U.S. nonfarm payrolls on Friday to give the market direction.
 Gold prices fell to a new two-month low for the second day in a row on Thursday, as investors looked ahead to
data on U.S. nonfarm payrolls on Friday to see if the economy is strong enough to withstand a rate hike in the
coming weeks.
 Oil prices were slightly higher during European hours on Thursday, after tumbling overnight as data from the U.S.
Energy Information Administration rekindled fears of a global supply glut.
 Two years after triggering an oil price war, Saudi Arabia has seemingly had enough of cheap crude amid budget
pressures, fear of a future supply shortage, and as it seeks to offload a stake in state-owned producer Aramco.
 Oil prices were steady near three-week lows on Thursday, but remained supported by hopes for a collective effort
by major producers to support prices.
 Oil prices fell on Thursday after a rise in U.S. crude inventories focused attention on a supply glut that has pushed
stockpiles to record highs around the world.
 Oil prices fell to a new three-week low for the second day in a row on Thursday, extending losses from the prior
session after bearish data from the U.S. Energy Information Administration underlined concerns over a global
supply glut.
 Tropical Storm Hermine picked up strength and was expected to be a hurricane when it reached Florida's north
Gulf Coast on Thursday evening, bringing heavy rains and high winds that forecasters warned could cause
catastrophic flooding.
Aaj Ka Trend
02nd 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 1313.85
Silver 18.97
Crude Oil 43.46
Brent Crude Oil 45.79
Natural Gas 2.807
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.96
Dollar Index 95.64
EUR / USD 1.1200
CRB Index* 178.20
Closing as on 01.09.16 *Closing as on 01.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4630
Aluminum 1615
Zinc 2338
Lead 1930
Nickel 9910
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36550
Aluminum 12335
Zinc 18515
Lead 14640
Closing as on 01.09.16 Closing as on 01.09.16
LME INVENTORY DATA
Aaj Ka Trend
26-Aug-16 29-Aug-16 30-Aug-16 31-Aug-16 01-Sept-16
Aluminium -7426 0 -6850 -5450 -6650
Copper 7701 0 11650 10300 11250
Lead -76 0 500 -425 -25
Nickel -1850 0 294 -744 -1025
Zinc -901 0 -875 -1350 -850
02nd Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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Aaj Ka Trend
02nd Sept’16
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Date: 2016.09.02 09:05:31 +05'30'