The document provides a technical analysis of various commodities including gold, silver, copper, crude oil, and natural gas. It notes that gold and silver prices moved higher and are expected to continue rising towards specific target levels in the coming sessions. Copper and crude oil are also viewed as bullish and anticipated to increase towards given price potentials. Support and resistance levels are provided. The analysis additionally covers other base metals and energy commodities, and provides international market closing prices and inventory data.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices have traded on a higher side and we
witnessed some profit booking in evening session. On the
other hand, prices have been trading above 21 HEMA on
hourly time frame. Looking at ADX, Positive Directional Index
(+DMI) is in dominating position with rising average direction
index. Moreover, Momentum Indicator RSI is trading above 50
levels on hourly time frame. For now we expect prices should
move higher towards 31630 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: 31305
MCX Gold (Oct) Trend: Bullish
Price potential: 31630 Reversal:31050
MCX Silver Dec Hourly Chart CMP: 47013
Technical View:
MCX Silver has almost achieved our target in yesterdays
trading sessions. Furthermore, MCX Silver prices are trading
above its 50 HEMA on hourly time frame. Looking at ADX,
Positive directional index (+DMI) is in domination position with
rising average direction index. Moreover, Momentum
Indicator RSI is trading above 50 level on hourly time frame.
For now we expect prices to move higher towards 47650
levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 47650 Reversal: 46550
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31212 31125 30911 31339 31426 31553 31767
Silver 46807 46601 46025 47177 47383 47753 48329
08th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakout of its Inverted
Head & Shoulder pattern at 313.80 levels on hourly chart.
In addition, COMEX Copper is trading in a rectangle
formation in hourly time frame. Moreover, Counter is
trading above its 50 HEMA which indicates strength head
on hourly chart. On the other hand, momentum indicator
RSI is hovering near 50 levels on hourly chart. For now we
expect prices to move higher towards 319 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 312.50
MCX Copper (Nov) Trend: Bullish
Price potential: 319 Reversal: 306.50
MCX Crude Oil Sept. Hourly Chart CMP: 3020
Technical View:
MCX Crude oil prices are trading in a Triangle formation on
hourly time frame and is expected to break on the higher
side. Looking at ADX, Negative directional index (-DMI) is
trading below 25 levels which indicates lack of pressure on
selling side. Counter is trading above its 21 HEMA on Hourly
time chart. Moreover, Momentum indicator RSI is trading
above 50 levels on hourly basis. For now we expect prices to
move higher towards 3085 levels in coming trading
sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3085 Reversal: 2970
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 310.6 309.1 305.6 312.5 314.0 316.0 319.4
Crude 2973 2939 2882 2996 3030 3053 3110
Base Metal
Energy
Aaj Ka Trend
08th Sept’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 310.6 309.1 305.6 312.5 314.0 316.0 319.4
Aluminum 105.2 104.8 103.9 105.6 106.1 106.5 107.3
Lead 126.4 125.5 122.8 128.2 129.1 130.9 133.6
Nickel 671.2 666.7 657.4 676.0 680.5 685.3 694.6
Zinc 153.4 152.8 151.0 154.5 155.1 156.3 158.0
Natural Gas 176.4 174.8 170.1 179.5 181.1 184.2 188.9
Fundamental News:
 Gold prices held mostly steady in Asia on Wednesday as investors took profits after a rally spurred by
diminished expectations for a Fed rate hike this month.
 Gold prices added to strong overnight gains during Europe's session on Wednesday, touching a more than two-
week high after surprisingly weak U.S. service sector data reinforced expectations the Federal Reserve will hold
off on raising rates in September.
 Gold prices were little changed near a three-week high in North American trade on Wednesday, as investors
focused on the next set of U.S. data and Fed speakers for further guidance on the timing of the next interest
rate hike.
 Oil prices edged higher during Europe's session on Wednesday, as Iran signaled it was prepared to work with
Saudi Arabia and Russia to prop up oil prices.
 Oil rose on Wednesday to pare some of the previous day's losses, partly thanks to a weaker U.S. dollar, but the
limited likelihood of a near-term agreement among the world's biggest exporters to rein in production kept
gains in check.
 Oil recovered Wednesday as investors continued to weigh the chances of an accord to freeze output.
 Oil prices were slightly higher during North America's session on Wednesday, as market players shifted their
focus to weekly data from the U.S. on stockpiles of crude and refined products.
 U.S. natural gas futures declined for the second day in a row on Wednesday, touching a more than two-week
low as market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of
demand for the fuel.
Aaj Ka Trend
08th Sept’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 1346.48
Silver 19.87
Crude Oil 46.28
Brent Crude Oil 48.73
Natural Gas 2.687
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.37
Dollar Index 94.86
EUR / USD 1.1253
CRB Index* 182.46
Closing as on 07.09.16 *Closing as on 07.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4650
Aluminum 1593
Zinc 2323
Lead 1919
Nickel 10210
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36700
Aluminum 12005
Zinc 18140
Lead 14120
Closing as on 07.09.16 Closing as on 07.09.16
LME INVENTORY DATA
Aaj Ka Trend
31-Aug-16 01-Sept-16 05-Sept-16 06-Sept-16 07-Sept-16
Aluminium -5450 -6650 -6975 -3900 -5450
Copper 10300 11250 13725 6450 10300
Lead -425 -25 0 -225 -425
Nickel -744 -1025 -666 138 -744
Zinc -1350 -850 -575 -575 -1350
08th Sept’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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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
08th Sept’16
Neeraj Yadav
Research Advisor
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Anish Vyas
Digitally signed by Anish Vyas
DN: cn=Anish Vyas, o=Choice Merchandise
Broking Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2016.09.08 09:09:26 +05'30'