The document provides a technical analysis of commodity markets. It predicts that gold and silver prices will continue rising towards targets of 32200 and 49000 respectively, supported by breakouts from patterns and momentum indicators above 50. Copper is predicted to rise towards 342, supported by a rising channel pattern and indicators above 50, while crude oil is expected to fall towards 3210, held below resistance and momentum indicators below 50.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
As expected MCX Gold achieved its short term target of
31850 levels. MCX Gold prices have witnessed breakout of its
falling wedge Pattern at 31574 levels on hourly basis. On the
other hand, MCX Gold prices have been trading above its 100
HEMA which indicates positive confirmation to the prices.
Moreover, Momentum Indicator RSI is trading above 50 levels
in hourly time frame. For now we expect prices should move
higher towards 32200 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold August Hourly Chart CMP: 31783
MCX Gold (Aug) Trend: Bullish
Price potential: 32200 Reversal:31600
MCX Silver Sept Hourly Chart CMP: 47465
Technical View:
As expected MCX Silver achieved its short term target of
47200 levels. MCX Silver prices are trading in higher High
Higher Low formation hourly basis. Counter has breached its
horizontal trend line resistance on hourly time frame. On the
other hand, MCX Silver prices have been trading above its 50
HEMA which indicates positive confirmation to the prices.
Moreover, momentum indicator RSI is trading above 70 levels
on hourly chart. For now we expect prices to move higher
towards 49000 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 49000 Reversal: 47750
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31659 31504 31254 31754 31909 32004 32254
Silver 46941 45532 43128 47936 49345 50340 52744
05th July’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices are trading in Rising channel Formation
on hourly chart. Furthermore, prices have been trading
above its 50 HEMA on hourly chart. Moreover, Counter is
trading above its Super Trend indicator on hourly time
frame. MCX Copper is trading in a Higher high Higher low
formation. On the other hand, momentum indicator RSI is
trading above 50 levels on hourly chart. For now we expect
prices to move higher towards 342 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 332.60
MCX Copper (June) Trend: Bullish
Price potential: 342 Reversal: 329
MCX Crude Oil July. Hourly Chart CMP: 3277
Technical View:
MCX Crude Oil prices are holding stiff resistance of
horizontal trend line on hourly basis. On the other hand
prices have been trading below its 21 HEMA on MCX Crude
Oil hourly chart. Furthermore, Negative Crossover is
observed in momentum Indicator MACD on hourly basis.
Moreover, Momentum indicator RSI is trading below 50
levels on hourly chart. For now we expect prices to move
lower towards 3210 levels in coming trading sessions.
MCX Crude Oil (July) Trend: Bearish
Price potential: 3210 Reversal: 3340
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 330.9 328.6 323.3 334.0 336.2 339.3 344.7
Crude 3275 3254 3210 3298 3319 3342 3386
Base Metal
Energy
Aaj Ka Trend
05th July’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 330.9 328.6 323.3 334.0 336.2 339.3 344.7
Aluminum 110.5 109.8 108.2 111.5 112.1 113.1 114.8
Lead 122.9 121.4 117.9 124.9 126.4 128.4 131.9
Nickel 670.5 653.6 621.2 686.0 702.9 718.4 750.8
Zinc 141.1 139.7 136.2 143.3 144.7 146.8 150.4
Natural Gas 193.4 191.5 187.0 196.0 197.9 200.5 205.0
Fundamental News:
 Gold prices rallied on Friday, closing just below a 27-month peak, amid fading expectations of a Federal Reserve
rate hike in the next couple of months and as investors continued to digest the political and economic aftermath
of the U.K.’s decision to leave the European Union.
 Gold prices extended gains from last week in European trade on Monday, staying near the strongest level in
more than two years, while silver spiked to levels not seen since July 2014.
 Silver futures spiked to levels not seen since July 2014 on Monday, while gold stayed near the strongest level in
more than two years, as bullish momentum in the precious metals complex remained intact.
 Oil futures ended higher on Friday, as a weaker U.S. dollar lent support to the commodity and amid subsiding
fears about the Brexit referendum’s impact on crude demand.
 Oil prices pushed higher in European trade on Monday, as market players monitored more disruption to
supplies from Nigeria.
 Oil prices struggled for direction in North American trade on Monday, flipping between small gains and losses as
market players monitored supply disruptions across the world for further indications on the rebalancing of the
market.
 Oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was
heading towards balance were tempered by signs of slowing demand in Asia.
 U.S. natural gas futures declined for the first time in three sessions on Monday, as investors cashed out of the
market to lock in gains from a recent rally which took prices to a more than one-year high.
Aaj Ka Trend
05th July’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 1350.83
Silver 20.35
Crude Oil 48.47
Brent Crude Oil 49.79
Natural Gas 2.91
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.27
Dollar Index 95.61
EUR / USD 1.1145
CRB Index* 194.25
Closing as on 04.07.16 *Closing as on 04.07.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4893
Aluminum 1649.50
Zinc 2118
Lead 1846
Nickel 10195
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37640
Aluminum 12365
Zinc 16385
Lead 13050
Closing as on 04.07.16 Closing as on 04.07.16
LME INVENTORY DATA
Aaj Ka Trend
28-June-16 29-June-16 30-June-16 01-July-16 04-July-16
Aluminium -8675 -6700 -5750 -5750 -7025
Copper 1250 1250 -2675 -2400 -725
Lead -275 900 -948 -75 -75
Nickel -708 -978 -1025 -228 -1452
Zinc -1200 -2350 16950 -475 -600
05th July’16

5. Equities I Commodities I Currencies I Mutual Funds
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Aaj Ka Trend
05th July’16
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Date: 2016.07.05 08:52:07 +05'30'