#ChoiceBroking #Aajkatrend : Bullions : MCX Gold Oct Hourly Chart CMP: 31785

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 Rising channel 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 32150 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: 31785
MCX Gold (Oct) Trend: Bullish
Price potential: 32150 Reversal:31550
MCX Silver Sept Hourly Chart CMP: 47700
Technical View:
MCX Silver prices witnessed breakdown of its Rising trend line
at 47186 levels on hourly basis. On the other hand, MCX Silver
prices have been trading below its 50 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 50 levels on hourly
chart. For now we expect prices to move lower towards
46800 levels in few trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 46800 Reversal: 48000
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31594 31397 31062 31732 31929 32067 32402
Silver 47120 46552 45579 47525 48093 48498 49471
05th 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. Counter
continued to trade lower in yesterdays trading sessions.
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 315 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 322.45
MCX Copper (Aug) Trend: Bearish
Price potential: 315 Reversal: 327
MCX Crude Oil Aug. Hourly Chart CMP: 2812
Technical View:
MCX Crude Oil prices continued to trade higher after
witnessing breakout of its Falling channel formation on
hourly basis. 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 2850
levels in coming trading sessions.
MCX Crude Oil (Aug) Trend: Bullish
Price potential: 2850 Reversal: 2720
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 319.4 316.7 311.1 322.3 325.0 327.9 333.5
Crude 2734 2698 2643 2753 2789 2808 2863
Base Metal
Energy
Aaj Ka Trend
05th 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 319.4 316.7 311.1 322.3 325.0 327.9 333.5
Aluminum 108.1 107.4 105.7 109.0 109.7 110.7 112.3
Lead 119.3 118.5 116.9 120.2 120.9 121.8 123.5
Nickel 700.7 691.4 674.7 708.1 717.4 724.8 741.5
Zinc 150.2 149.4 147.5 151.3 152.1 153.2 155.1
Natural Gas 188.8 186.0 180.9 191.1 193.9 196.2 201.3
Fundamental News:
 Gold prices added to overnight losses in European trade on Thursday, as the U.S. dollar strengthened with
investors focused on the Bank of England's policy announcement later in the session.
 "A perfect storm" in markets has left investors scrambling to add gold to their portfolios for protection,
according to the World Gold Council.
 Gold prices erased overnight losses in North American trade on Thursday, turning higher after the Bank of
England delivered its first rate cut in seven years and announced more measures to stimulate the economy in a
bid to ward off recession following Britain's vote in June to leave the European Union.
 Oil prices edged lower in European trade on Thursday, after rallying more than 3% overnight after a larger-than-
expected gasoline draw eased concerns about global supply glut.
 Oil turned lower Thursday on profit-taking after bouncing off four-month lows.
U.S. stockpile figures had helped oil surge after easing some glut concerns.
 Oil prices were back under pressure in North American trade on Thursday, giving back some of the prior
session's strong gains as investors remain fixated on a global glut of crude supplies.
 This week’s comic touches on the recent decline in the oil market, which has taken prices back below the $40-
level for the first time since April earlier this week, mainly due to concerns over a glut in oil supplies.
 U.S. natural gas futures jumped in North America trade on Thursday, after data showed that natural gas supplies
in storage in the U.S. fell unexpectedly last week, as a recent heat wave prompted households to ramp up their
air conditioning.
Aaj Ka Trend
05th 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 1367.35
Silver 20.38
Crude Oil 41.55
Brent Crude Oil 43.87
Natural Gas 2.81
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.83
Dollar Index 95.69
EUR / USD 1.11
CRB Index* 181.34
Closing as on 04.08.16 *Closing as on 04.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4799
Aluminum 1681
Zinc 2260
Lead 1789
Nickel 10531
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37650
Aluminum 12000
Zinc 17050
Lead 13680
Closing as on 04.08.16 Closing as on 04.08.16
LME INVENTORY DATA
Aaj Ka Trend
29-July-16 01-Aug-16 02-Aug-16 03-Aug-16 04-Aug-16
Aluminium -8825 -9650 -9250 -6300 -6775
Copper 725 625 -425 -2300 1950
Lead -50 -50 -50 1650 -500
Nickel -1524 -120 -204 -372 -630
Zinc -1400 -1425 -50 -525 -550
05th Aug’16

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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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
05th Aug’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
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: 2016.08.05 08:55:20 +05'30'