The document provides a technical analysis of commodity markets. It summarizes trends in gold, silver, copper, crude oil, and other metals and energies. On gold and silver, it notes breakouts from patterns and momentum indicators signaling potential upward movement. Copper is expected to fall further within its channel pattern. Crude oil also showed signs of bearishness. Pivot price points are provided. Fundamental news includes a stronger US dollar, crude oil price changes, and manufacturing data.

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 27850 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: 27570
MCX Gold (Feb) Trend: Bullish
Price potential: 27850 Reversal: 27400
MCX Silver Mar. 4 Hourly Chart CMP: 39136
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: 38800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27461 27331 27262 27530 28150 28350 28450
Silver 39046 38843 38678 39211 39414 39579 40111
03rd 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: 378.30
MCX Copper (Feb) Trend: Bearish
Price potential: 367 Reversal: 383
MCX Crude Oil Jan. Hourly Chart CMP: 3685
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 3570 levels in
coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3570 Reversal: 3730
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 376.0 374.1 372.1 378.0 380.0 382.0 387.9
Crude 3665 3658 3653 3670 3677 3682 3699
Base Metal
Energy
Aaj Ka Trend
03rd 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 376.0 374.1 372.1 378.0 380.0 382.0 387.9
Aluminum 114.4 113.6 113.1 114.9 115.7 116.2 117.9
Lead 136.5 136.0 135.5 137.0 137.5 138.0 139.5
Nickel 686.7 682.5 679.8 689.4 693.6 696.3 705.8
Zinc 173.4 172.8 172.1 174.1 174.7 175.4 177.4
Natural Gas 250.7 249.3 247.6 252.4 253.8 255.5 260.4
Fundamental News:
 The U.S. dollar showed strength on the first day of trading in 2017, rising across the board against most major
currencies, albeit in holiday-thinned conditions.
 The WSJ Dollar index BUXX, +0.30% , which measures the dollar against a broader basket of rivals, rose 0.3% to
93.22. The index was trading at 92.73 late Friday and rose 3% in 2016. Last year’s gains stem from higher U.S.
interest rates and hopes that President-elect Donald Trump will stimulate the U.S. economy.
 Further important updates on the economy will come this week with the release of the U.S. Institute for Supply
Management’s December survey on Tuesday and nonfarm payrolls for December, expected Friday.
 U.S. crude oil prices drifted higher in Asia on Monday with most financial markets in the region closed to mark
the New Year holiday.
 Crude for February delivery on the New York Mercantile Exchange rose 0.24% to $53.90 a barrel. Global
benchmark Brent crude traded on London's Intercontinental Exchange was last quoted at $56.74 a barrel.
 Investors await news of the adherence to combined production cuts by OPEC and non-OPEC nations near 1.8
million barrels per day that started at the New Year. A meeting in Kuwait later this month will assess progress.
 Manufacturing activity in the Chicago-area fell more than expected in December, dropping back from a previous
reading that had been the highest since January 2015 and dampening optimism over the U.S. economic outlook,
industry data showed on Friday.
 In a report, the Institute for Supply Management (ISM) said its Chicago purchasing managers’ index decreased
by 3.0 points to a seasonally adjusted 54.6 this month from a reading of 57.6 in November. Analysts had
expected the index to drop 0.6 points to 57.0 in December.
Aaj Ka Trend
03rd 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 1157.10
Silver 16.07
Crude Oil 54.00
Brent Crude Oil 57.07
Natural Gas 3.485
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.22
Dollar Index 102.70
EUR / USD 1.0479
CRB Index* 192.51
Closing as on 02.01.17 *Closing as on 02.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5535
Aluminum 1693
Zinc 2576
Lead 2016
Nickel 10020
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46190
Aluminum 12665
Zinc 21110
Lead 17860
Closing as on 02.01.17 Closing as on 02.01.17
LME INVENTORY DATA
Aaj Ka Trend
27-Dec-16 28-Dec-16 29-Dec-16 30-Dec-16 02-Jan-17
Aluminium 0 26775 6875 22251 0
Copper 0 -3475 -2751 -6125 0
Lead 0 -200 -51 -799 0
Nickel 0 -162 -125 -125 0
Zinc 0 -350 -475 -475 0
03rd 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
03rd Jan’17
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Anish Vyas
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DN: cn=Anish Vyas, o=Choice Merchandise
Broking Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2017.01.03 09:04:25 +05'30'