The document provides a technical analysis of various commodities including gold, silver, copper, and crude oil. For gold and silver, it indicates that prices have broken down from rising wedge patterns and are expected to move lower in the near term. Copper prices have risen after breaking out of an ascending triangle pattern and are expected to rise further. Crude oil prices have broken down from consolidation patterns and rising channel patterns, and are expected to move lower. Pivot levels and support and resistance levels are provided for various commodities. Fundamental news on price movements and inventory levels are also summarized.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices have witnessed breakdown
of its Rising Wedge pattern at 29373 levels. Moreover, MCX
Gold prices are trading below its 21 DEMA which suggest short
term trend remains down. Moreover, Momentum Indicator
RSI is trading below 40 levels on hourly time frame which
indicates negative momentum to the prices. For now we
expect prices should move lower towards 29000 levels in the
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Dec Daily Chart CMP: 29607
MCX Gold (Dec) Trend: Bearish
Price potential: 29000 Reversal: 29600
MCX Silver Dec Daily Chart CMP: 41017
Technical View:
On hourly chart, MCX Silver prices have witnessed breakdown
of its Rising Wedge pattern at 41653 levels. Moreover, MCX
Silver prices are trading below its 21 DEMA which suggest
short term trend remains down. Moreover, Momentum
Indicator RSI is trading below 40 levels on hourly time frame
which indicates negative momentum to the prices. For now
we expect prices to move lower towards 40300 levels in few
trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 40300 Reversal: 41250
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29905 29253 29106 29400 29471 29547 29694
Silver 41603 41011 40381 41641 42233 42271 42901
15th Nov’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On daily chart, MCX Copper price has given breakout of its
ascending triangle pattern at 337.10 levels on daily chart.
Moreover, prices have breached its horizontal trend line
resistance on daily chart. Furthermore, MCX Copper is
trading above its 100 DEMA on daily time frame. Moreover,
momentum indicator MACD has shown positive crossover
on daily chart which is bullish sign. For now we expect
prices to move higher towards 386 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov Daily Chart CMP: 378.30
MCX Copper (Nov) Trend: Bullish
Price potential: 386 Reversal: 370
MCX Crude Oil Nov. Daily Chart CMP: 2911
Technical View:
MCX Crude oil price has shown breakdown of its
Consolidation pattern at 2902 levels on hourly chart. MCX
Crude Oil is trading in a Lower Low pattern on hourly chart.
In addition, Counter has witnessed breakdown of its Rising
Channel pattern in NYMEX at $44.35 levels on daily chart.
Moreover, Momentum indicator MACD is trading below its
signal line on daily chart which suggest the negative
movement in the prices. For now we expect prices to move
lower 2815 towards levels in coming trading sessions.
MCX Crude Oil (Nov) Trend: Bearish
Price potential: 2815 Reversal: 2940
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 373.1 371.6 364.9 378.2 379.8 384.9 391.5
Crude 2922 2891 2854 2928 2959 2965 3002
Base Metal
Energy
Aaj Ka Trend
15th Nov’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 373.1 371.6 364.9 378.2 379.8 384.9 391.5
Aluminum 117.1 116.7 115.4 118.0 118.4 119.3 120.6
Lead 142.9 142.3 139.3 145.3 145.9 148.3 151.3
Nickel 751.5 745.2 732.5 757.9 764.2 770.6 783.3
Zinc 166.5 165.7 160.4 170.9 171.7 176.2 181.4
Natural Gas 177.2 175.6 169.0 182.2 183.8 188.8 195.4
Fundamental News:
 Gold prices gained in Asia on Monday ahead of key regional data sets and as investors continued to see demand
potential spurred by expected infrastructure spending plans by president-elect Donald Trump with the
Republican part in control of both house of the U.S. Congress.
 Gold prices fell in Asia on Monday after China data mildly disappointed and investors infrastructure spending
plans by president-elect Donald Trump with the Republican part in control of both house of the U.S. Congress.
 Gold prices fell to a more than five-month low on Monday, extending four straight sessions of losses as market
players continued to dump the yellow metal in wake of Donald Trump’s victory in the U.S. presidential election.
 Crude oil prices reversed course and fell in Asia on Monday as industrial output and retail sales data from China
came in a tad weaker than expected.
 Oil prices sank to a three-month low on Monday, extending two straight sessions of losses amid growing
concerns over a global supply glut.
 Oil fell over 1% Monday as the dollar jumped and as the global supply glut persists.
 Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices
overshadowed chances that OPEC will reach a deal to cut output.
 Copper prices rallied on Monday, adding to gains after posting its strongest weekly rise since 1980 amid growing
optimism surrounding the effects of a Donald Trump presidency on the U.S. economy.
Aaj Ka Trend
15th Nov’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 1226.05
Silver 17.04
Crude Oil 44.17
Brent Crude Oil 45.20
Natural Gas 2.769
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.62
Dollar Index 99.89
EUR / USD 1.0753
CRB Index* 180.25
Closing as on 14.11.16 *Closing as on 14.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5559
Aluminum 1735
Zinc 2607
Lead 2195
Nickel 11260
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 45440
Aluminum 14165
Zinc 21895
Lead 18655
Closing as on 14.11.16 Closing as on 14.11.16
LME INVENTORY DATA
Aaj Ka Trend
04-Nov-16 07-Nov-16 08-Nov-16 10-Nov-16 14-Nov-16
Aluminium -1876 -5276 -5076 -4125 -6300
Copper -5602 -6602 -6774 -9025 -4100
Lead -224 -226 -74 -325 -150
Nickel 611 -545 -194 192 0
Zinc -1026 -299 -476 -775 -800
15th Nov’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,
price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
15th Nov’16
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Date: 2016.11.15 09:08:36 +05'30'