The document provides a technical analysis of various commodities including gold, silver, copper, crude oil, and others. It notes that gold and silver prices are expected to rise based on technical patterns seen on hourly charts. Copper and crude oil prices are also expected to rise after breaking out of technical patterns. Pivot levels are provided for the day's trading. Fundamental news updates are also given on movements in gold prices, crude oil production and OPEC meetings, and closing prices of commodities and currencies.

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 & are trading near its lower band of trend
line. Moreover, COMEX Gold has formed Double Bottom
pattern at $1158 levels on hourly time frame. Moreover,
Momentum Indicator RSI has observed Bullish divergence on
hourly time frame which indicates positive momentum to the
prices. For now we expect prices should move higher towards
28340 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: 28086
MCX Gold (Feb) Trend: Bullish
Price potential: 28340 Reversal: 27900
MCX Silver Mar Daily Chart CMP: 41360
Technical View:
On hourly chart, MCX Silver prices have completed Bullish Anti
– Alternate Shark Harmonic Pattern 40550 levels.
Furthermore, COMEX Silver Prices are trading in a Rising
Channel Formation on hourly time frame. 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 42000 levels in
few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 42000 Reversal: 40950
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27902 27698 27376 28020 28150 28342 28664
Silver 40932 40526 39898 41154 41560 41782 42410
06th Dec’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart, MCX Copper price have witnessed
breakout of its Triangle Pattern at 406.50 levels. Moreover,
COMEX Copper prices has witnessed breakout of its
Ascending triangle pattern at $2.69 levels on hourly chart.
In addition MCX Copper prices are trading above its 21
HEMA. Furthermore, momentum indicator RSI is trading
above 60 levels on hourly time frame. For now we expect
prices to move higher towards 418 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb Daily Chart CMP: 406.35
MCX Copper (Feb) Trend: Bullish
Price potential: 418 Reversal: 401
MCX Crude Oil Dec. Daily Chart CMP: 3536
Technical View:
MCX Crude Oil prices have witnessed breakout of its Channel
pattern at 3554 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 50 levels on hourly chart which suggest the
positive movement in the prices. For now we expect prices
to move higher 3620 towards levels in coming trading
sessions.
MCX Crude Oil (Dec) Trend: Bullish
Price potential: 3620 Reversal: 3480
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 394.3 391.8 382.1 401.5 404.0 411.2 420.9
Crude 3464 3427 3333 3521 3558 3615 3709
Base Metal
Energy
Aaj Ka Trend
06th 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 394.3 391.8 382.1 401.5 404.0 411.2 420.9
Aluminum 116.6 116.3 115.2 117.4 117.7 118.5 119.6
Lead 153.0 152.4 149.4 155.5 156.0 158.5 161.6
Nickel 777.7 773.8 758.5 789.1 793.0 804.4 819.7
Zinc 183.1 182.0 178.9 185.1 186.2 188.2 191.3
Natural Gas 231.1 228.5 217.8 239.2 241.8 249.9 260.6
Fundamental News:
 Gold prices held mostly steady in Asia on Monday as investors reacted cautiously to a new round of political
turmoil in Italy and potentially the euro zone following a resounding "No" vote on a referendum aimed at
political reforms.
 Gold prices fell almost 1% on Monday as demand for the dollar continued to remain underpinned after Friday’s
solid U.S. employment report cemented expectations for a December rate hike by the Federal Reserve.
 The outlook for gold looks grim on the charts as a Fed December rate hike looms.
 Iraq's semi-autonomous region of Kurdistan said on Monday it saw no major impact on its crude oil production
from OPEC's output cuts, agreed last week, adding it was ready to cooperate with Baghdad.
 Iran's oil minister Bijan Namdar Zanganeh will attend the meeting between OPEC and non-OPEC members on
Dec 10 in Vienna, the ministry's news agency SHANA said on Monday, as the countries try to finalize a global oil
output-limiting pact.
 Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects
of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
 Oil recovered from early losses to trade higher Monday ahead of the implementation of OPEC's agreement to
cut output.
 The Organization of the Petroleum Exporting Countries expects oil demand in 2017 to be as robust as this year,
the group's secretary general told an energy conference on Monday, though recently agreed production cuts
could raise prices for buyers.
Aaj Ka Trend
06th 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 1175
Silver 16.90
Crude Oil 51.29
Brent Crude Oil 54.52
Natural Gas 3.61
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.09
Dollar Index 100.11
EUR / USD 1.07
CRB Index* 193.47
Closing as on 05.12.16 *Closing as on 05.12.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5902
Aluminum 1721
Zinc 2755
Lead 2308
Nickel 11478
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46980
Aluminum 13600
Zinc 22565
Lead 20900
Closing as on 05.12.16 Closing as on 05.12.16
LME INVENTORY DATA
Aaj Ka Trend
29-Nov-16 30-Nov-16 01-Dec-16 02-Dec-16 05-Dec-16
Aluminium -3226 -5901 -4301 -5574 -10074
Copper 1224 -648 1848 -2650 -1001
Lead 0 -101 -101 -498 -49
Nickel 44 -218 175 -182 1896
Zinc -175 -249 -402 -502 -124
06th 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,
price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis
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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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recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the
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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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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
06th Dec’16
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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: 2016.12.06 08:17:41 +05'30'