#ChoiceBroking #Aajkatrend - #Bullions : MCX Gold Oct Hourly Chart CMP: 31350

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices traded higher and almost achieved our short
term target. On the other hand, prices have been trading
above its 50 HEMA which indicates positive confirmation to
the prices. Furthermore, COMEX Gold prices has observed
breakout of its rectangle pattern at $1345 levels on hourly
chart. Moreover, Momentum Indicator RSI is hovering near 50
levels on hourly time frame. For now we expect prices should
move higher towards 31700 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: 31350
MCX Gold (Oct) Trend: Bullish
Price potential: 31700 Reversal:31150
MCX Silver Sept Hourly Chart CMP: 47100
Technical View:
MCX Silver prices achieved our short term target of 47050
levels after witnessing gap up opening. Furthermore COMEX
Silver prices have witnessed breakout of its Symmetrical
triangle pattern at $19.84 on hourly chart. In addition, Counter
is trading above its 50 HEMA on hourly time frame. Moreover,
momentum indicator RSI is trading above 50 levels on hourly
chart. For now we expect prices to move higher towards
47750 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 47750 Reversal: 46700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31242 31119 30834 31404 31527 31689 31974
Silver 46652 46133 45123 47143 47662 48153 49163
11th Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices are trading in Falling channel formation
on hourly chart. Furthermore, counter is trading below its
50 HEMA on hourly time frame. Moreover, COMEX Copper
is witnessing resistance of its Upward rising trend line on
hourly chart. On the other hand, momentum indicator RSI
has drift near 50 levels after facing resistance at 70 levels
on hourly chart. For now we expect prices to move lower
towards 313.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 321.50
MCX Copper (Aug) Trend: Bearish
Price potential: 313.50 Reversal: 326.50
MCX Crude Oil Aug. Hourly Chart CMP: 2815
Technical View:
MCX Crude Oil prices are trading in a Rising channel
formation on hourly basis. On the other hand prices have
been trading above its 50 HEMA on hourly chart. Looking at
NYMEX WTI Crude Oil prices are trading in a Higher high
higher low formation on hourly time frame It shows that
there is positive trend to unfold. Moreover, Momentum
indicator RSI is trading near its support of 40 on hourly chart.
For now we expect prices to move higher towards 2890
levels in coming trading sessions.
MCX Crude Oil (Aug) Trend: Bullish
Price potential: 2890 Reversal: 2765
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 318.5 315.0 308.2 321.8 325.3 328.6 335.4
Crude 2777 2742 2647 2837 2872 2932 3027
Base Metal
Energy
Aaj Ka Trend
11th Aug’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 318.5 315.0 308.2 321.8 325.3 328.6 335.4
Aluminum 109.4 108.9 107.6 110.1 110.6 111.4 112.6
Lead 120.5 119.3 116.7 121.9 123.1 124.5 127.1
Nickel 714.3 704.3 684.3 724.3 734.3 744.3 764.3
Zinc 151.6 150.6 148.4 152.9 153.9 155.1 157.4
Natural Gas 171.0 169.4 164.7 174.1 175.7 178.8 183.5
Fundamental News:
 Gold posted gains in Asia on Wednesday as investors followed an overnight trend in the face of renewed
expectations of a Fed rate hike this year and better than expected machinery orders data from Japan.
 Gold prices rose sharply in European trade on Wednesday, extending gains from the prior session as investors
reevaluated the likelihood that the Federal Reserve will raise interest rates this year.
 Gold prices rallied more than 1% in North American trade on Wednesday, as investors reassessed the likelihood
that the Federal Reserve will raise interest rates in the coming months.
 West Texas Intermediate oil futures pushed higher in North American trade on Wednesday, adding to gains
after data showed that U.S. gasoline supplies fell sharply for the second straight week.
 The EIA said U.S. crude stocks rose to 1.055 mn barrels after a gain of 1.413 mn the preceding week.
 Oil prices were largely unchanged on Wednesday, giving up earlier gains after the U.S. government reported a
surprise crude stockpile build.
 Natural gas futures struggled near the lowest level in eight weeks on Wednesday, as market players looked
ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.
 The dollar fell against a basket of currencies on Wednesday as investors re-evaluated whether the Federal
Reserve will raise interest rates this year, which also sent the higher-yielding Australian dollar to its loftiest level
since late April.
 The dollar remained broadly lower against the other major currencies on Wednesday, as Tuesday’s downbeat
U.S. data continued to dampen optimism over the strength of the economy.
Aaj Ka Trend
11th Aug’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 1349.15
Silver 20.09
Crude Oil 41.41
Brent Crude Oil 43.77
Natural Gas 2.57
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.78
Dollar Index 95.56
EUR / USD 1.11
CRB Index* 179.54
Closing as on 10.08.16 *Closing as on 10.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4825
Aluminum 1675
Zinc 2290
Lead 1825
Nickel 10706
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37550
Aluminum 12420
Zinc 17380
Lead 13920
Closing as on 10.08.16 Closing as on 10.08.16
LME INVENTORY DATA
Aaj Ka Trend
04-Aug-16 05-Aug-16 08-Aug-16 09-Aug-16 10-Aug-16
Aluminium -6775 -6425 -5725 -2925 -7900
Copper 1950 -2650 -1625 -325 -525
Lead -500 0 -50 -75 -75
Nickel -630 -2256 -264 -1926 -762
Zinc -550 -375 -275 -150 29800
11th Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
11th Aug’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Amit Pathania
Digitally signed by Amit Pathania
DN: cn=Amit Pathania, o=Choice Equity Broking Pvt. ltd,
ou=Research Department,
email=amit.pathania@choiceindia.com, c=IN
Date: 2016.08.11 08:29:31 +05'30'