The document provides a technical analysis of commodity markets. It summarizes trends in gold, silver, copper and crude oil prices based on technical indicators like candlestick patterns and momentum. Gold and silver prices are expected to move lower based on bearish candlestick patterns and momentum indicators. Copper and crude oil prices are also expected to decline based on technical factors like channel breakdowns and momentum indicators giving negative signals. Pivot levels and support and resistance levels are provided for different commodities. Fundamental news updates on commodity prices and supplies are also included.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
It can be observed that MCX Gold prices are trading in a
narrow range since past couple of trading days. Furthermore,
on COMEX Gold Shooting Star bearish candlestick pattern is
visible on daily chart. On the other hand, prices are trading
below its 21 HEMA on hourly chart. The momentum indicator,
MACD has shown negative crossover with below its signal line
which suggests negative momentum in prices. For now we
expect prices should move lower towards 29580 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:29897
MCX Gold (June) Trend: Bearish
Price potential: 29580 Reversal:30180
MCX Silver July Hourly Chart CMP: 41227
Technical View:
MCX Silver prices has breached its trend line support at 41275
levels on hourly time frame. Moreover, prices are trading
below its 21 HEMA on hourly chart. Furthermore, on COMEX
Silver Three Black Crow bearish candlestick pattern is visible
on daily chart. On the other hand, momentum indicator RSI
has taken resistance near 50 levels on hourly chart which gives
negative confirmation to the prices. For now we expect prices
to move lower towards 40600 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 40600 Reversal: 41850
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29927 29840 29626 30054 30141 30268 30482
Silver 41077 40834 40159 41509 41752 42184 42859
06th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices are trading in falling channel formation
on hourly charts. However, MCX Copper prices is trading
below its 50 HEMA on hourly chart which indicates short
term trend remains down. Furthermore, in COMEX Copper
has witnessed Head & Shoulder Breakdown at $ 2.228 on
four chart. On the other hand, momentum indicator RSI has
moved below 30 levels on hourly chart which gives negative
confirmation to the prices. For now we expect prices to
move lower towards 310 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 318.90
MCX Copper (June) Trend: Bearish
Price potential: 310 Reversal: 324.50
MCX Crude Oil May. Hourly Chart CMP: 2949
Technical View:
MCX Crude Oil Prices witnessed upward channel breakdown
at 3000 levels on hourly chart. On Weekly chart, the MCX
Crude Oil price has completed a “Bearish White Swan
Harmonic Pattern” at 3115 levels. On the other hand,
momentum indicator RSI has taken resistance near 60 levels
on hourly chart which gives negative confirmation to the
prices. For now we expect prices to move lower towards
2900 levels in coming trading sessions.
MCX Crude Oil (May) Trend: Bearish
Price potential: 2900 Reversal: 3040
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 318.1 315.9 310.0 321.7 323.9 327.6 333.4
Crude 2928 2857 2718 2996 3067 3135 3274
Base Metal
Energy
Aaj Ka Trend
06th 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 318.1 315.9 310.0 321.7 323.9 327.6 333.4
Aluminum 106.8 106.2 104.7 107.7 108.3 109.2 110.7
Lead 114.9 114.1 112.0 116.1 116.9 118.2 120.2
Nickel 595.7 586.9 561.1 612.7 621.5 638.5 664.3
Zinc 123.1 122.0 119.8 124.2 125.3 126.4 128.6
Natural Gas 137.1 134.7 128.2 141.2 143.6 147.7 154.2
Fundamental News:
 Gold prices gained in Asia on Thursday with investors cautious ahead of the end of the week jobs report that will
provide clarity on the prospects for Fed rate hikes going forward.
 Gold futures were higher in European trade on Thursday, as market players looked ahead to a raft of speeches
from Federal Reserve officials later in the day to judge the balance of opinion among policymakers on the
prospect of further rate hikes.
 Gold futures were higher in North American trade on Thursday, extending overnight gains after data showed
that the number of people who filed for unemployment assistance in the U.S. last week rose to the highest level
in five weeks.
 Oil prices jumped in European trade on Thursday, as a huge wildfire in Canada disrupted its oil sands
production.
 A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors
over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.
 Libya may be forced to slash oil production within days if a stand-off between eastern and western factions that
has prevented loadings at the Marsa al-Hariga port continues, an official from state oil firm NOC in Tripoli told
Reuters on Thursday.
 Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating
fighting in Libya threatened the North African nation's output.
 U.S. natural gas futures held on to losses in North America trade on Thursday, after data showed that natural
gas supplies in storage in the U.S. rose more than feared last week.
Aaj Ka Trend
06th 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 1278.97
Silver 17.34
Crude Oil 44.10
Brent Crude Oil 44.80
Natural Gas 2.088
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.55
Dollar Index 93.72
EUR / USD 1.1404
CRB Index* 178.92
Closing as on 05.05.16 *Closing as on 05.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4785
Aluminum 1608
Zinc 1861
Lead 1736
Nickel 9020
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36600
Aluminum 12300
Zinc 14795
Lead 12780
Closing as on 05.05.16 Closing as on 05.05.16
LME INVENTORY DATA
Aaj Ka Trend
29-Apr-16 02-May-16 03-May-16 04-May-16 05-May-16
Aluminium -6750 0 -6650 -12350 -6275
Copper -1225 0 5175 1825 225
Lead 75 0 -700 -200 550
Nickel 1686 0 66 -1062 -1308
Zinc -2525 0 -2475 -4275 -1125
06th 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
06th May’16
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Anish Vyas
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Date: 2016.05.06 08:44:57 +05'30'