The document provides a technical analysis of commodity markets. It summarizes recent price movements and trends in gold, silver, copper and crude oil futures on the MCX exchange. It notes that gold and silver prices have fallen and are expected to decline further, while copper prices have risen and may continue to rise. Crude oil prices are in a consolidation phase and also expected to decline. The analysis provides support and resistance levels and identifies near-term bullish and bearish trends for different commodities. Fundamental news on commodities and currencies are also summarized briefly.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has fallen below 13EMA on the weekly chart;
in addition, fall below middle Bollinger band increases the
chance of further correction in the Gold price. On the other
hand, COMEX Gold price broke down of its rising trend line.
Moreover, Momentum Indicator MACD is in negative
crossover on a daily chart. For now, we expect prices should
move lower towards 28000 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. 4 hourly Chart CMP: 28236
MCX Gold (Apr) Trend: Bearish
Price potential: 28000 Reversal: 28360
MCX Silver May 4 Hourly Chart CMP: 40391
Technical View:
MCX Silver price had given a breakdown of its rising trend line on the
daily chart and witnessed a steep fall. On the lower end it is now
consolidating before any further movement. In the daily chart price
is currently finding support around the previous swing low. However,
bearish crossover in the daily MACD boosts the chances of close
below the previous swing low of 40470. In addition, MCX Silver
prices have been finding resistance at 13EMA on hourly chart.
Furthermore, Momentum indicator RSI has remained below 60
levels on the hourly chart. For now, we continue to remain bearish
on Silver and expecting a correction to towards 39400 levels in few
trading sessions.
MCX Silver (May) Trend: Bearish
Price potential: 39400 Reversal: 40800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28170 28085 27960 28295 28380 28505 28840
Silver 40289 40165 39969 40485 40609 40805 41320
14th March’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has moved above 13EMA on the 4 hourly
chart which suggests positivity in the near term. On the
higher end it may now move towards 200 SMA/100 SMA on
the 4 hourly chart. Momentum indicator MACD has shown
positive crossover on the 4 hourly time frame, which
suggests upside momentum in the price. For now, we
expect prices to move higher towards 375 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Apr. 4 Hourly Chart CMP: 385.50
MCX Copper (Apr) Trend: Bullish
Price potential: 375 Reversal: 391
MCX Crude Oil March. 4 Hourly Chart CMP: 3206
Technical View:
MCX Crude Oil price has been in consolidation phase on the
hourly chart. On the higher end 13 EMA has been acting as
resistance for the rising price. The pattern in the hourly chart
is lower top lower bottom which may continue unless there
is a reversal. Moreover, price below 200 SMA in the daily
chart suggests chances of a further down side in the
prices. For now, we expect prices to move lower towards
3110 levels in the few trading session.
MCX Crude Oil (March) Trend: Bearish
Price potential: 3110 Reversal: 3260
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 383.7 382.3 380.7 385 387 388 393
Crude 3184 3166 3147 3203 3221 3240 3297
Base Metal
Energy
Aaj Ka Trend
14th March’17

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 383.7 382.3 380.7 385 387 388 393
Aluminum 123.3 122.7 121.3 124.7 125.3 126.7 130.0
Lead 149.3 148.7 147.3 150.7 151.3 152.7 156.0
Nickel 666.7 658.3 651.7 673.3 681.7 688.3 710.0
Zinc 180.3 179.7 178.3 181.7 182.3 183.7 187.0
Natural Gas 201.0 199.5 198.3 202.2 203.7 204.9 208.9
Fundamental News:
 Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism
over OPEC's efforts to restrict crude.
 Gold prices pushed higher on Monday, kicking the week off with gains ahead of a range of potentially market-
moving events, including the Dutch election, the U.K.’s Brexit bill vote and an interest rate decision in the U.S.
 U.S. Northeast braces for late winter blizzard. Forecasters put the U.S. East Coast from New York City to Boston
on a blizzard watch starting as early as Monday night, with authorities warning residents to prepare for the
possibility of widespread power outages, road closures and flight disruptions.
 U.S. natural gas futures rose sharply on Monday, reaching a four-week high as forecasters put the U.S. East
Coast on a blizzard watch starting as early as Monday night..
 A measure of U.S. inflation expectations mostly flattened in February after having risen in the previous two
months, according to a Federal Reserve Bank of New York survey released on Monday.
 Japan's core machinery orders unexpectedly fell in January from the previous month and dipped the most in
five months, adding to worries about whether recent signs of economic recovery will be sustainable.
 The dollar remained weaker against a basket of the other major currencies on Monday as markets remained
largely rangebound ahead of the outcome of this week’s Federal Reserve meeting.
Aaj Ka Trend
14th March’17

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 1203.50
Silver 16.99
Crude Oil 48.42
Brent Crude Oil 51.41
Natural Gas 3.02
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.17
Dollar Index 101.28
EUR / USD 1.06
CRB Index* 183.15
Closing as on 13.03.17 *Closing as on 13.03.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5796
Aluminum 1887
Zinc 2744
Lead 2275
Nickel 10170
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 47430
Aluminum 13765
Zinc 27475
Lead 18070
Closing as on 13.03.17 Closing as on 13.03.17
LME INVENTORY DATA
Aaj Ka Trend
06-March-17 07-March-17 08-March-17 09-March-17 13-March-17
Aluminium -19400 -23650 -16325 -16750 -16275
Copper 38825 26725 26550 38775 -1800
Lead -25 -25 -25 675 675
Nickel -450 3816 5022 -288 -852
Zinc 3400 -425 -2175 -2175 -2475
14th March’17

5. Equities I Commodities I Currencies I Mutual Funds
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Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
14th March’17
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: 2017.03.14 08:44:31 +05'30'