- MCX gold and silver prices are trading in a higher high higher low formation and above their 50-day moving averages, indicating a bullish trend for gold and bearish trend for silver. - MCX copper prices have broken below a rectangle pattern and are trading below support levels, suggesting prices may move lower. - MCX crude oil prices have broken above a falling channel pattern and are trading above resistance levels, implying prices could rise going forward.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading in Higher high Higher low
formation on hourly basis. On the other hand, prices have
been trading above its 50 HEMA which indicates positive
confirmation to the prices. Furthermore, COMEX Gold prices
are trading in a Higher High Higher Low formation on hourly
chart. Moreover, Momentum Indicator RSI is trading above 50
levels on hourly time frame. For now we expect prices should
move higher towards 32100 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: 31674
MCX Gold (Oct) Trend: Bullish
Price potential: 32100 Reversal:31500
MCX Silver Sept Hourly Chart CMP: 47645
Technical View:
MCX Silver prices witnessed breakdown of its Rising wedge
pattern at 47736 levels on hourly basis. On the other hand,
MCX Silver prices have been trading below its 21 HEMA which
indicates negative confirmation to the prices. Furthermore
COMEX Silver prices have observed breakdown of its Rising
wedge pattern at $20.66 levels on hourly basis. Moreover,
momentum indicator RSI is trading below 40 levels on hourly
chart. For now we expect prices to move lower towards
47000 levels in few trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 47000 Reversal: 48130
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31589 31472 31177 31767 31884 32062 32357
Silver 47433 47147 46355 47939 48225 48731 49523
04th Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakdown of its
Rectangle pattern at 324.40 levels on hourly basis.
Moreover, MCX Copper prices are trading below its super
trend indicator on hourly chart. Furthermore, counter is
trading below its 21 HEMA on hourly time frame. On the
other hand, momentum indicator RSI has drift below 50
levels on hourly chart. For now we expect prices to move
lower towards 317.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 325.60
MCX Copper (Aug) Trend: Bearish
Price potential: 317.50 Reversal: 330
MCX Crude Oil Aug. Hourly Chart CMP: 2740
Technical View:
MCX Crude Oil prices have witnessed breakout of its falling
channel formation at 2719 levels on hourly time frame. On
the other hand prices have been trading above its 21 HEMA
on hourly chart. In Addition, COMEX Crude oil prices have
observed breakout of its Falling channel formation at $40.64
levels on hourly chart. Moreover, Momentum indicator RSI is
trading above 60 on hourly chart. For now we expect prices
to move higher towards 2800 levels in coming trading
sessions.
MCX Crude Oil (Aug) Trend: Bullish
Price potential: 2800 Reversal: 2670
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 322.8 320.2 315.1 325.3 327.9 330.4 335.5
Crude 2662 2605 2516 2694 2751 2783 2872
Base Metal
Energy
Aaj Ka Trend
04th Aug’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 322.8 320.2 315.1 325.3 327.9 330.4 335.5
Aluminum 108.6 107.4 105.3 109.4 110.6 111.5 113.5
Lead 120.3 119.8 118.6 121.0 121.5 122.2 123.4
Nickel 710.5 703.7 691.7 715.7 722.5 727.7 739.7
Zinc 151.0 149.9 148.0 151.8 152.9 153.7 155.6
Natural Gas 185.7 180.0 171.4 188.6 194.3 197.2 205.8
Fundamental News:
 Gold prices fell on Wednesday in Asia on profit-taking as the yellow metal benefits from continued easy global
monetary policies.
 Gold prices held steady below a two-year high in European trade on Wednesday, as investors looked ahead to
key U.S. data later in the session to gauge the health of the world's largest economy and whether it is strong
enough to warrant an interest rate hike later this year.
 Gold prices were little changed in North American trade on Wednesday, holding near a 28-month high despite
data showing the U.S. economy added more private payrolls that expected last month.
 Oil prices struggled near April lows in European trade on Wednesday, holding in bear market territory as
investors looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.
 Oil Wednesday bounced off three-months lows but was under pressure on supply concerns.
 West Texas Intermediate oil futures climbed back above the $40-level in North America trade on Wednesday,
after data showed that gasoline supplies in the U.S. fell sharply last week, offsetting a surprise build in crude
stockpiles.
 Oil prices jumped about 2 percent on Wednesday, with U.S. crude futures returning above $40 a barrel, after
the U.S. government reported a larger-than-expected gasoline drawdown that offset a surprise build in crude
stockpiles.
 U.S. natural gas futures rallied in early trade on Wednesday, as market players looked ahead to fresh weekly
information on U.S. gas inventories to gauge the strength of demand for the fuel.
Aaj Ka Trend
04th Aug’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 1359.65
Silver 20.25
Crude Oil 41.18
Brent Crude Oil 43.35
Natural Gas 2.83
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.78
Dollar Index 95.49
EUR / USD 1.11
CRB Index* 179.78
Closing as on 03.08.16 *Closing as on 03.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4857
Aluminum 1621
Zinc 2263
Lead 1787
Nickel 10592
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37750
Aluminum 12020
Zinc 17150
Lead 13770
Closing as on 03.08.16 Closing as on 03.08.16
LME INVENTORY DATA
Aaj Ka Trend
28-July-16 29-July-16 01-Aug-16 02-Aug-16 03-Aug-16
Aluminium -5850 -8825 -9650 -9250 -6300
Copper -5700 725 625 -425 -2300
Lead -25 -50 -50 -50 1650
Nickel -54 -1524 -120 -204 -372
Zinc -1575 -1400 -1425 -50 -525
04th Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone
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its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent
error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology,
price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis
and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research
undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information
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and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
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Amit Pathania
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amit.pathania@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
04th Aug’16
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Research Advisor
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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: 2016.08.04 08:55:49 +05'30'