The document provides a technical analysis of commodity markets. It finds that gold and copper prices are expected to fall and rise respectively in the near term. Silver and crude oil have bullish patterns and momentum indicators suggesting prices will rise for both. Fundamental news updates that oil prices fell after this week's OPEC output cut deal, while the US dollar was steady against other currencies. International market closing prices and LME inventory levels are also provided.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices are trading in a Falling
channel Formation. Moreover, MCX Gold prices are trading
below its 21 HEMA which suggest short term trend remains
down. Moreover, Momentum Indicator RSI is trading below 50
levels on hourly time frame which indicates negative
momentum to the prices. For now we expect prices should
move lower towards 27700 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb Daily Chart CMP: 28111
MCX Gold (Feb) Trend: Bearish
Price potential: 27700 Reversal: 28250
MCX Silver Mar Daily Chart CMP: 41339
Technical View:
On hourly chart, MCX Silver prices have completed Bullish Anti
– Alternate Shark Harmonic Pattern 40550 levels.
Furthermore, on COMEX Silver Prices has completed Bullish AB
= CD Harmonic pattern at $16.16 levels. In Addition, MCX
Silver prices are trading above its 21 HEMA on hourly time
frame which indicates positive momentum to the prices. For
now we expect prices to move higher towards 41950 levels in
few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 41950 Reversal: 40900
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27902 27698 27376 28020 28150 28342 28664
Silver 40416 40188 39644 40732 40960 41276 41820
05th Dec’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart, MCX Copper price are trading in rising
channel formation and is trading above its Up ward slanting
trend line support. Moreover, COMEX Copper prices has
witnessed breakout of its Falling Wedge pattern at $2.63
levels on hourly chart. In addition MCX Copper prices are
trading above its 21 HEMA. Furthermore, momentum
indicator RSI is trading above 50 levels on hourly time
frame. For now we expect prices to move higher towards
405 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb Daily Chart CMP: 396.70
MCX Copper (Feb) Trend: Bullish
Price potential: 405 Reversal: 390
MCX Crude Oil Dec. Daily Chart CMP: 3500
Technical View:
MCX Crude Oil prices have witnessed breakout of its
Ascending Triangle pattern at 3505 in hourly time frame and
is trading above its trend line support. MCX Crude Oil is
trading above its 50 HEMA on hourly chart. Moreover,
Momentum indicator RSI is trading above 60 levels on hourly
chart which suggest the positive movement in the prices. For
now we expect prices to move higher 3590 towards levels
in coming trading sessions.
MCX Crude Oil (Dec) Trend: Bullish
Price potential: 3590 Reversal: 3450
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 395.9 392.3 384.4 400.2 403.8 408.1 416.0
Crude 3411 3296 3115 3477 3592 3658 3839
Base Metal
Energy
Aaj Ka Trend
05th Dec’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 395.9 392.3 384.4 400.2 403.8 408.1 416.0
Aluminum 116.6 115.8 113.7 117.9 118.7 120.0 122.1
Lead 156.9 153.9 147.6 160.2 163.2 166.5 172.8
Nickel 758.8 753.0 738.9 767.1 772.9 781.2 795.3
Zinc 185.6 182.9 178.4 187.3 190.1 191.8 196.2
Natural Gas 231.3 222.8 209.5 236.1 244.6 249.4 262.7
Fundamental News:
 Gold prices fell in Asia on Friday ahead of U.S. jobs data that is seen as icing on the cake for a Fed rate hike this
month.
 Gold prices bounced off a 10-month low on Friday, as the U.S. dollar remained slightly weaker ahead of a key
U.S. employment report due to be released later in the day.
 U.S. oil turned lower on Friday, amid profit-taking and doubts over the potential success of the recent oil
production deal although the commodity continued to hover at the $50 a barrel threshold, signaling sustained
optimism.
 Oil prices fell 1.5 percent to steady at around $53 a barrel on Friday after the biggest weekly rally since 2009
following OPEC's decision this week to cut crude output in order to rein in a global glut.
 Iran threatened on Friday to retaliate against the U.S. Senate's vote to extend the Iran Sanctions Act (ISA) for 10
years, saying it violated last year's deal with six major powers that curbed its nuclear program.
 The surge in oil futures after OPEC agreed to cut output for the first time since 2008 ran out of steam Friday as
the market paused for thought.
 Facing brutal urban warfare in Mosul and with their push slowed by the presence of one million residents, Iraqi
commanders examined changing strategy last week to help civilians leave to give the army a free hand to strike
Islamic State fighters.
 The dollar held steady against the other majors currencies on Friday, after the release of mixed U.S.
employment data, although overall optimism over the strength of the economy continued to support the
greenback near multi-year highs.
Aaj Ka Trend
05th Dec’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 1179
Silver 16.79
Crude Oil 51.69
Brent Crude Oil 54.43
Natural Gas 3.454
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.02
Dollar Index 100.75
EUR / USD 1.066
CRB Index* 191.69
Closing as on 02.12.16 *Closing as on 02.12.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5758
Aluminum 1712
Zinc 2642
Lead 2258
Nickel 11316
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46750
Aluminum 13380
Zinc 22365
Lead 20580
Closing as on 02.12.16 Closing as on 02.12.16
LME INVENTORY DATA
Aaj Ka Trend
28-Nov-16 29-Nov-16 30-Nov-16 01-Dec-16 02-Dec-16
Aluminium 26524 -3226 -5901 -4301 -5574
Copper -2951 1224 -648 1848 -2650
Lead 0 0 -101 -101 -498
Nickel -715 44 -218 175 -182
Zinc -224 -175 -249 -402 -502
05th Dec’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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Amit Pathania
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
05th Dec’16
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Research Advisor
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Amit Pathania
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DN: cn=Amit Pathania, o=Choice Equity Broking Pvt. ltd,
ou=Research Department,
email=amit.pathania@choiceindia.com, c=IN
Date: 2016.12.03 15:53:15 +05'30'