The document provides a technical analysis of commodity markets. It summarizes trends in gold, silver, copper, and crude oil prices based on hourly charts. Gold and crude oil are expected to decline and rise respectively based on technical indicators. Silver is predicted to rise further after breaking out of a pattern. Copper may fall due to breaking below support levels. Overall sentiment is positive and momentum points to further gains in prices.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On Hourly chart MCX Gold prices are trading near its
resistance of upper band of its rising channel formation.
Moreover on COMEX Gold prices are trading near its
horizontal trend line resistance at $ 1267 levels. Moreover,
Momentum Indicator RSI has witnessed negative divergence
at 70 levels in hourly time frame. For now we expect prices
should move lower towards 29280 levels in the coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold August Hourly Chart CMP: 29657
MCX Gold (Aug) Trend: Bearish
Price potential: 29280 Reversal:29830
MCX Silver July Hourly Chart CMP: 40300
Technical View:
As expected MCX Silver prices traded on a higher side and
achieved our short term target of 39730 levels. MCX Silver
prices have witnessed breakout of its Inverted Head &
Shoulder pattern at 39697 levels on hourly time frame. On the
other hand, MCX Silver prices are trading above its 100 HEMA
which indicates positive confirmation to the prices. Moreover,
momentum indicator RSI is trading above 70 levels on hourly
chart. For now we expect prices to move higher towards
41000 levels in few trading sessions.
MCX Silver (July) Trend: Bullish
Price potential: 41000 Reversal: 39750
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29469 29272 28947 29597 29794 29922 30247
Silver 39411 38533 37139 39927 40805 41321 42715
09th June’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On Hourly chart MCX Copper has given breakdown of its
Rectangle formation at 304.35 levels. Counter is trading
below its trend line resistance on hourly time frame.
Furthermore, Counter is trading below its 60 HEMA on
hourly chart. On the other hand, momentum indicator RSI
has drift below 40 levels on hourly chart. For now we
expect prices to move lower towards 296.50 levels in
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 304.20
MCX Copper (June) Trend: Bearish
Price potential: 296.50 Reversal: 309.20
MCX Crude Oil June. Hourly Chart CMP: 3407
Technical View:
On Hourly chart MCX Crude Oil prices have given breakout of
its Rectangle pattern at 3378 levels. Moreover, On COMEX
Crude prices has breached its horizontal trend line resistance
at $ 50.21 levels. On the other hand counter is trading above
its 21 HEMA on MCX Crude Oil hourly chart. Moreover,
Momentum indicator RSI is holding its upward slanting trend
line support at 60 levels on hourly chart. For now we expect
prices to move higher towards 3490 levels in coming
trading sessions.
MCX Crude Oil (June) Trend: Bullish
Price potential: 3490 Reversal: 3350
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 302.9 301.4 297.8 304.9 306.4 308.5 312.0
Crude 3367 3334 3276 3392 3425 3450 3508
Base Metal
Energy
Aaj Ka Trend
09th June’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 302.9 301.4 297.8 304.9 306.4 308.5 312.0
Aluminum 104.8 103.3 100.7 106.0 107.5 108.6 111.3
Lead 113.9 111.9 108.2 115.6 117.6 119.3 123.0
Nickel 584.6 571.6 552.0 591.2 604.2 610.8 630.4
Zinc 134.2 131.7 127.6 135.7 138.3 139.8 143.8
Natural Gas 163.8 162.4 159.3 165.5 166.9 168.6 171.7
Fundamental News:
 Gold futures surged to a three-week high in North American trade on Wednesday, extending overnight gains as
the U.S. dollar sank amid fading expectations of a Federal Reserve rate hike in the next couple of months.
 Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-
priced commodities cheaper for holders of other currencies.
 Oil futures surged on Wednesday as U.S. crude stockpiles fell and demand from China rose strongly.
 Brent prices have been well-supported in recent weeks as unplanned supply disruptions in Africa eased
concerns over a global glut. Brent futures prices are up by roughly 90% since briefly dropping below $30 a barrel
in mid-February.
 Oil prices jumped to the highest level in eight months on Wednesday, rising for the third consecutive session,
buoyed by ongoing supply disruptions in Nigeria and strong Chinese oil demand data.
 The market sentiment is positive; the trend and the momentum points to further gains," said Carsten Fritsch,
commodities analyst at Commerzbank.
 The dollar fell to the lowest level in five weeks against a basket of currencies, hurt by waning expectations that
the Federal Reserve will raise interest rates anytime soon.
 Gold futures climbed to the highest level in almost three weeks in European trade on Wednesday, as
expectations of a summer rate hike faded further, weighing on the U.S. dollar.
 West Texas Intermediate oil futures extended gains in North America trade on Wednesday to hit a fresh 11-
month high after data showed that oil supplies in the U.S. fell more than expected last week.
 Nigeria oil minister Emmanuel Ibe Kachikwu announced that president Muhammadu Buhari's national security
team had initiated discussions with the militant group in an effort to slow the rate of attacks.
Aaj Ka Trend
09th June’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 1262.26
Silver 17.18
Crude Oil 51.58
Brent Crude Oil 52.75
Natural Gas 2.47
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.65
Dollar Index 93.59
EUR / USD 1.1403
CRB Index* 195.82
Closing as on 08.06.16 *Closing as on 08.06.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4578
Aluminum 1604
Zinc 2063
Lead 1741
Nickel 8919
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36800
Aluminum 12050
Zinc 15850
Lead 12925
Closing as on 08.06.16 Closing as on 08.06.16
LME INVENTORY DATA
Aaj Ka Trend
02-June-16 03-June-16 06-June-16 07-June-16 08-June-16
Aluminium -4500 -7540 -6600 -6650 -6650
Copper -825 150 20725 21825 11075
Lead -100 -100 50 50 -25
Nickel -1500 -2892 -1365 738 -984
Zinc -1725 2100 -950 -800 3075
09th June’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
09th June’16
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Research Advisor
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Amit Pathania
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Date: 2016.06.09 08:57:29 +05'30'