Bullions: MCX Gold June Hourly Chart CMP:30224: Technical View: MCX Gold Prices has broke its horizontal trend line resistance at 30240 levels on hourly chart. Furthermore, Counter has witnessed Rectangle formation breakout on daily time frame.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold Prices has broke its horizontal trend line resistance
at 30240 levels on hourly chart. Furthermore, Counter has
witnessed Rectangle formation breakout on daily time frame.
On the other hand , prices are trading above its 50 HEMA on
hourly chart. The momentum indicator, MACD has shown
positive crossover with surpass its signal line which suggests
positive momentum in prices. For now we expect prices
should move higher towards 30630 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:30224
MCX Gold (June) Trend: Bullish
Price potential: 30630 Reversal:30050
MCX Silver May Daily Chart CMP: 41609
Technical View:
MCX Silver prices has witnessed breakout of its rectangle
pattern at 41750 levels on hourly time frame. Moreover,
prices are trading above its 100 HEMA on hourly chart. On the
other hand prices are trading above its horizontal trend line
support on hourly basis. Moreover, MACD indicator is trading
above its signal line on hourly chart. The momentum indicator,
RSI is trading above 50 levels which suggests positive
momentum in prices. For now we expect prices to move
higher towards 42450 levels in few trading sessions.
MCX Silver (July) Trend: Bullish
Price potential: 42450 Reversal: 41200
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30070 29937 29615 30259 30392 30581 30903
Silver 41210 40920 40203 41637 41927 42354 43071
04th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices have breached its upward slanting trend
line support at 328.85 on hourly charts. However, MCX
Copper prices is trading below its 21 HEMA on hourly chart
which indicates short term trend remains down.
Furthermore, in COMEX Copper has witnessed Head &
Shoulder Breakdown at $ 2.228. On the other hand
momentum indicator RSI has moved below 40 levels on
hourly chart which gives negative confirmation to the
prices. For now we expect prices to move lower towards
321 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 329.25
MCX Copper (June) Trend: Bearish
Price potential: 321 Reversal: 335
MCX Crude Oil May. Hourly Chart CMP: 2912
Technical View:
On Weekly chart, the MCX Crude Oil price has completed a
“Bearish White Swan Harmonic Pattern” at 3115 levels, the
co-ordinates of which are as follows. XA of the leg from 3989
to 2577 ,AB of the leg completed at 3303 (i.e.50% of XA
leg.),BC of the leg completed at 1805 (i.e. 200% Fibonacci
Projection of AB leg.) and CD of the leg completed at 3115
levels (i.e. 38.20% of XA and 88.60% Fibonacci Projection of
BC leg.) For now we expect prices to move lower towards
2815 levels in coming trading sessions.
MCX Crude Oil (May) Trend: Bearish
Price potential: 2815 Reversal: 2955
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 327.4 325.1 319.1 331.1 333.4 337.1 343.1
Crude 2865 2822 2706 2938 2981 3054 3170
Base Metal
Energy
Aaj Ka Trend
04th 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 327.4 325.1 319.1 331.1 333.4 337.1 343.1
Aluminum 107.5 106.1 102.7 109.6 111.0 113.0 116.5
Lead 116.7 115.9 113.7 118.0 118.8 120.2 122.3
Nickel 622.5 611.5 588.4 634.6 645.6 657.7 680.8
Zinc 125.2 124.0 121.2 126.9 128.0 129.7 132.6
Natural Gas 136.6 134.4 130.2 138.6 140.8 142.8 147.0
Fundamental News:
 Gold drifted higher Tuesday on a weaker than expected Caixin manufacturing survey for April in China, raising
prospects of continued easy monetary policy.
 Gold futures climbed back above the key $1,300-level in European trade on Tuesday, as the U.S. dollar crashed
to 15-month lows against a basket of other major currencies.
 Gold futures hovered around the key $1,300-level in North American trade on Tuesday, as investors monitored
movements in the currency market while awaiting comments from a pair of Federal Reserve officials.
 Oil fell on Tuesday, as rising output from the Middle East and North Sea renewed concerns about a global supply
overhang.
 Oil prices turned lower on Tuesday as the dollar pared back early losses and as rising Middle East output and
fears over China's economic health weighed.
 OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the
exporter group aim for tighter control of the oil market, sources said, pointing to deep divisions over the way
forward.
 Oil prices were lower in North American trade on Tuesday, reversing its overnight gains, as market players
looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.
 U.S. natural gas futures were higher on Tuesday, one day after plunging by the most in three months, as traders
returned to the market to seek cheap valuations.
 Total U.S. natural gas storage stood at 2.557 trillion cubic feet as of last week, according to the U.S. Energy
Information Administration, 34% higher than levels at this time a year ago and 32.6% above the five-year
average for this time of year.
Aaj Ka Trend
04th 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 1286.15
Silver 17.47
Crude Oil 43.83
Brent Crude Oil 45.19
Natural Gas 2.08
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.42
Dollar Index 93.02
EUR / USD 1.1501
CRB Index* 179.84
Closing as on 03.05.16 *Closing as on 03.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4920
Aluminum 1633
Zinc 1898
Lead 1767
Nickel 9520
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37220
Aluminum 12535
Zinc 14925
Lead 14500
Closing as on 03.05.16 Closing as on 03.05.16
LME INVENTORY DATA
Aaj Ka Trend
27-Apr-16 28-Apr-16 29-Apr-16 02-May-16 03-May-16
Aluminium -7075 -4250 -6750 0 -6650
Copper -275 -1475 -1225 0 5175
Lead 50 -375 75 0 -700
Nickel -1704 -600 1686 0 66
Zinc -225 -1175 -2525 0 -2475
04th 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
04th May’16
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Amit Pathania
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email=amit.pathania@choiceindia.com, c=IN
Date: 2016.05.04 08:46:11 +05'30'