#ChoiceBroking #Aajkatrend - Bullions: MCX Gold Oct Hourly Chart CMP: 30910

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading in a falling channel formation on
hourly time frame. On the other hand, prices have been
trading below 50 HEMA on hourly chart. Furthermore, ADX
indicator is trading below 25 which indicates lack of strength.
Moreover, Momentum Indicator RSI is trading below 50 levels
on hourly time frame. For now we expect prices should move
lower towards 30550 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: 30910
MCX Gold (Oct) Trend: Bearish
Price potential: 30550 Reversal:31100
MCX Silver Dec Hourly Chart CMP: 45638
Technical View:
MCX Silver prices observed breakout of its Falling channel
pattern at 45850 levels & trading in a consolidation 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 above 50 levels on hourly basis. For now we expect
prices to move higher towards 46400 levels in few trading
sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 46400 Reversal: 45300
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30762 30584 30198 30970 31148 31356 31742
Silver 45300 44895 44104 45686 46091 46477 47268
16th 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 330 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 323.30
MCX Copper (Nov) Trend: Bullish
Price potential: 330 Reversal: 317.50
MCX Crude Oil Sept. Hourly Chart CMP: 2948
Technical View:
MCX Crude Oil prices have completed Bullish AB = CD
pattern at 2926 levels on hourly time frame. In addition MCX
Crude oil is trading near its horizontal trend line support at
2900 levels. Furthermore, Counter is trading above its 200
DEMA on daily chart. 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
3015 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3015 Reversal: 2900
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 321.7 320.2 317.3 323.1 324.6 326.0 328.9
Crude 2911 2874 2811 2937 2974 3000 3063
Base Metal
Energy
Aaj Ka Trend
16th 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 321.7 320.2 317.3 323.1 324.6 326.0 328.9
Aluminum 103.5 102.7 100.6 104.9 105.6 107.0 109.2
Lead 128.4 127.7 125.7 129.6 130.4 131.6 133.5
Nickel 645.3 639.7 623.8 655.6 661.2 671.5 687.4
Zinc 148.3 147.2 144.0 150.4 151.5 153.6 156.8
Natural Gas 191.2 187.6 181.5 193.7 197.3 199.8 205.9
Fundamental News:
 Gold held mostly steady in Asia on Thursday with central bank meetings in the U.S. and Japan next week setting
a high-stakes stage for markets.
 Gold prices struggled near the lowest level in nearly two weeks during Europe's session on Thursday, as
investors focused on the next set of U.S. data to see whether it supports expectations that the Federal Reserve
will raise interest rates before the end of the year.
 Gold prices sank to fresh two-week lows during North America's session on Thursday, as investors digested the
release of a host of U.S. economic data.
 Oil prices rose on Thursday after falling around 3 percent in the previous session, supported by an unexpected
fall in U.S. crude inventories.
 Recent developments in the OPEC universe have fueled speculation that oil producers might actually be able to
agree on something at the informal talks in Algiers, Algeria, set for September 26-28.
 Oil prices fell to a new two-week low during European hours on Thursday, adding to steep overnight losses amid
mounting concerns over a global supply glut.
 Oil prices wobbled near a two-week low during North American hours on Thursday, as a planned resumption of
oil exports by Libya and Nigeria added to concerns over a global supply glut.
 U.S. natural gas futures trimmed losses on Thursday morning, after data showed that natural gas supplies in
storage in the U.S. rose less than forecast last week.
Aaj Ka Trend
16th 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 1314.24
Silver 18.92
Crude Oil 43.66
Brent Crude Oil 46.33
Natural Gas 2.908
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.02
Dollar Index 95.26
EUR / USD 1.1241
CRB Index* 180.67
Closing as on 15.09.16 *Closing as on 15.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4781
Aluminum 1572
Zinc 2231
Lead 1947
Nickel 9715
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36950
Aluminum 12100
Zinc 16950
Lead 13350
Closing as on 15.09.16 Closing as on 15.09.16
LME INVENTORY DATA
Aaj Ka Trend
08-Sept-16 09-Sept-16 13-Sept-16 14-Sept-16 15-Sept-16
Aluminium -6700 -7052 -6300 -9250 -625
Copper -1375 12378 3602 -1875 -2275
Lead 200 1148 0 0 0
Nickel 105 80 -182 84 -6
Zinc -175 -1001 -801 -1125 -1100
16th Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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Rohan Patil
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
16th Sept’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Anish Vyas
Digitally signed by Anish Vyas
DN: cn=Anish Vyas, o=Choice Merchandise
Broking Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2016.09.16 09:21:18 +05'30'