1) The document provides technical analysis of trends in the MCX gold, silver, copper, and crude oil markets. 2) It finds that MCX gold is expected to move lower towards 30750 levels, while MCX silver is expected to move higher towards 46250 levels in the coming sessions. 3) MCX copper has completed a bullish pattern and is expected to rise towards 32270 levels, while MCX crude oil is predicted to increase to 3100 levels.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are facing resistance of its upper band of
falling channel on hourly time frame. On the other hand,
prices have been trading below 50 HEMA on hourly chart.
Furthermore, Counter is trading below its horizontal trend line
on hourly basis. Moreover, Momentum Indicator RSI is trading
below 50 levels on hourly time frame. For now we expect
prices should move lower towards 30750 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: 31081
MCX Gold (Oct) Trend: Bearish
Price potential: 30750 Reversal:31300
MCX Silver Dec Hourly Chart CMP: 45501
Technical View:
MCX Silver prices observed breakout of its Falling channel
pattern at 45850 levels on hourly time frame. Furthermore,
MCX Silver prices are trading above its 21 HEMA on daily time
frame. Looking at ADX, Positive directional index (+DMI) is in
domination position with rising average direction index.
Moreover, Momentum indicator RSI is trading near its trend
line support at 40 levels on hourly basis. For now we expect
prices to move higher towards 46250 levels in few trading
sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 46250 Reversal: 45100
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31045 30950 30788 31112 31207 31274 31436
Silver 45497 45393 45113 45673 45777 45953 46233
14th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On Daily chart, MCX Copper has completed a “Bullish
Cypher Harmonic Pattern” at 305.60 levels, the co-
ordinates of which are as follows. Technical Parameter: XA
of the leg from 298.05 to 337.10 ,AB of the leg completed
at 317.25 (i.e.50% of XA leg.),BC of the leg completed at
339.90 (i.e. 113% Fibonacci Projection of AB leg.) and CD of
the leg completed at 305.60 levels (i.e. 78.60% of XA and
141.40% Fibonacci Projection of BC leg). For now we expect
prices to move higher towards 322.70 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 316.20
MCX Copper (Nov) Trend: Bullish
Price potential: 322.70 Reversal: 310
MCX Crude Oil Sept. Hourly Chart CMP: 3033
Technical View:
MCX Crude Oil prices are trading in Rising wedge formation
& is trading near its trend line support on hourly time frame.
Looking at ADX, Positive directional index (+DMI) is getting
support near its bottom. Moreover, Momentum indicator RSI
is trading near its trend line support at 45 levels on hourly
basis. For now we expect prices to move higher towards
3100 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3100 Reversal: 2975
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 314.1 313.0 310.5 315.5 316.6 318.0 320.5
Crude 2990 2960 2882 3038 3068 3116 3194
Base Metal
Energy
Aaj Ka Trend
14th 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 314.1 313.0 310.5 315.5 316.6 318.0 320.5
Aluminum 104.1 103.8 103.2 104.4 104.7 105.0 105.6
Lead 125.7 124.7 122.8 126.5 127.5 128.4 130.2
Nickel 656.6 650.8 635.3 666.3 672.1 681.8 697.3
Zinc 148.6 147.8 145.3 150.2 151.1 152.7 155.1
Natural Gas 194.4 192.8 190.0 195.6 197.2 198.4 201.2
Fundamental News:
 Gold prices gained in early Asia on Tuesday with views on chances for a U.S. rate hike next week squarely in focus.
 Gold prices gained in early Asia on Tuesday with views on chances for a U.S. rate hike next week squarely in focus
and data upbeat data from China on industrial production shrugged off in the case of copper.
 Gold prices inched higher for the first time in five sessions on Tuesday, as investors continued to weigh up
prospects for future U.S. interest rate increases following the latest comments from Federal Reserve officials.
 The dollar held onto gains against the other major currencies in subdued trade on Tuesday, as the greenback
recovered from comments by a Federal Reserve official on Monday sparking fresh uncertainty over the timing of
future U.S. rate hikes.
 The global oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets
rising supply, pushing world inventories to yet another record high and confounding the previous expectations of
leading energy agencies.
 Oil prices plunged on Tuesday, after the International Energy Agency warned that oil markets would likely remain
oversupplied next year due to a slowdown in demand.
 Oil fell on Tuesday after a series of predictions on demand growth that pointed to the global overhang of unused
inventories persisting for much longer than previously expected.
 U.S. natural gas futures declined on Tuesday, turning lower after approaching a two-month high amid forecasts
for warmer than normal temperatures across most parts of the continental U.S. in the days ahead.
Aaj Ka Trend
14th 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 1319.78
Silver 18.88
Crude Oil 45.09
Brent Crude Oil 47.25
Natural Gas 2.913
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.92
Dollar Index 95.60
EUR / USD 1.1218
CRB Index* 180.55
Closing as on 13.09.16 *Closing as on 13.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4650
Aluminum 1565
Zinc 2234
Lead 1893
Nickel 9860
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36700
Aluminum 12000
Zinc 17640
Lead 14045
Closing as on 13.09.16 Closing as on 13.09.16
LME INVENTORY DATA
Aaj Ka Trend
06-Sept-16 07-Sept-16 08-Sept-16 09-Sept-16 13-Sept-16
Aluminium -3900 -5450 -6700 -7052 -6300
Copper 6450 10300 -1375 12378 3602
Lead -225 -425 200 1148 0
Nickel 138 -744 105 80 -182
Zinc -575 -1350 -175 -1001 -801
14th Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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Aaj Ka Trend
14th Sept’16
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Broking Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2016.09.14 08:45:03 +05'30'