The document provides a technical analysis of commodity markets. It summarizes trends in gold, silver, copper, crude oil, and other metals and energies. Most commodities are expected to trend lower, including gold moving to 29450, silver to 39850, copper to 305, and crude oil to 2830. Technical indicators like candlestick patterns, moving averages, and momentum signals support further price declines across commodities in the near term. Fundamental news updates note factors like mild weather reducing natural gas demand and Canada wildfires tightening oil supply.

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
descending triangle formation on hourly chart. Furthermore,
on MCX Gold Evening Star candlestick reversal pattern is
visible on weekly chart. On the other hand, prices are trading
below its 21 HEMA on hourly chart. The momentum indicator,
MACD has shown negative crossover which suggests negative
momentum in prices. For now we expect prices should move
lower towards 29450 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: 29804
MCX Gold (June) Trend: Bearish
Price potential: 29450 Reversal:30050
MCX Silver July Hourly Chart CMP: 40751
Technical View:
As our expected view MCX Silver has achieved its short term
target of 40880. MCX Silver prices have given negative
breakdown of lower arm of Symmetrical Triangle formation on
hourly chart which is placed at 40780 levels. Furthermore,
counter is trading below its 100 HEMA on hourly chart. On the
other hand, momentum indicator RSI has drift below 30 levels
on hourly chart which gives negative confirmation to the
prices. For now we expect prices to move lower towards
39850 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 39850 Reversal: 41150
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29634 29475 29025 29925 30084 30375 30825
Silver 40250 39856 38808 40904 41298 41952 43000
10th 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
Evening Star candlestick reversal pattern is visible on
weekly chart. On the other hand, momentum indicator RSI
has moved below 40 levels on hourly chart which gives
negative confirmation to the prices. For now we expect
prices to move lower towards 305 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 313.05
MCX Copper (June) Trend: Bearish
Price potential: 305 Reversal: 319
MCX Crude Oil May. Hourly Chart CMP: 2910
Technical View:
As expected MCX Crude Oil traded on a lower side and
almost achieved our short term target at 2902. 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 is trading below 40 levels on
hourly chart which gives negative confirmation to the prices.
Moreover MACD indicator its trading below its signal line on
hourly basis. For now we expect prices to move lower
towards 2830 levels in coming trading sessions.
MCX Crude Oil (May) Trend: Bearish
Price potential: 2830 Reversal: 2970
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 311.1 308.6 301.5 315.6 318.2 322.7 329.7
Crude 2860 2812 2671 2953 3001 3094 3235
Base Metal
Energy
Aaj Ka Trend
10th 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 311.1 308.6 301.5 315.6 318.2 322.7 329.7
Aluminum 103.5 102.9 101.3 104.6 105.2 106.2 107.9
Lead 114.9 114.4 113.1 115.6 116.2 116.9 118.1
Nickel 570.0 561.5 536.4 586.6 595.1 611.7 636.8
Zinc 121.6 120.7 118.3 123.2 124.0 125.6 128.1
Natural Gas 115.3 125.6 122.5 128.7 118.4 131.8 134.9
Fundamental News:
 Gold futures fell sharply in European trade on Monday, as investors viewed Friday’s U.S. jobs data as less
disappointing than first thought.
 Gold futures extended losses in North American trade on Monday, after falling sharply overnight, as the dollar
firmed after data showing improving U.S. wage growth offset an overall weaker payroll report, maintaining
expectations of two rate hikes this year.
 Gold is sensitive to moves in U.S. rates, as a rise would lift the opportunity cost of holding non-yielding assets
such as bullion. A gradual path to higher rates is seen as less of a threat to gold prices than a swift series of
increases.
 Oil prices trimmed gains in North American trade on Monday, after rallying sharply overnight as huge wildfires
in rural Canada continue to hit supply from the country's vast oil sands reserves.
 Oil prices jumped on Monday as a huge wildfire in Canada's oil sand region knocked out over a million barrels in
daily production capacity, contributing to a significant tightening of markets.
 Oil prices fell 2 percent or more on Monday after traders took in their stride the impact of wildfires on Canada's
oil output and after another inventory build at the U.S. hub for crude futures.
 Brazil has joined a list of countries exporting diesel to Europe, reversing a traditional route and underscoring a
weakening of the largest South American economy.
 U.S. natural gas futures edged lower on Monday, after the latest U.S. weather model called for mild
temperatures over the next two weeks, which should reduce heating demand during that time.
Aaj Ka Trend
10th 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 1290.55
Silver 17.51
Crude Oil 44.61
Brent Crude Oil 45.32
Natural Gas 2.091
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.60
Dollar Index 93.83
EUR / USD 1.1404
CRB Index* 179.91
Closing as on 09.05.16 *Closing as on 09.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4686
Aluminum 1561
Zinc 1835
Lead 1730
Nickel 8605
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35860
Aluminum 11900
Zinc 14470
Lead 14150
Closing as on 09.05.16 Closing as on 09.05.16
LME INVENTORY DATA
Aaj Ka Trend
03-May-16 04-May-16 05-May-16 06-May-16 09-May-16
Aluminium -6650 -12350 -2900 -6275 -2900
Copper 5175 1825 2300 225 2300
Lead -700 -200 -650 550 -650
Nickel 66 -1062 150 -1308 150
Zinc -2475 -4275 -1225 -1125 -1225
10th 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
10th May’16
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Amit Pathania
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Date: 2016.05.10 08:51:17 +05'30'