The document provides a technical analysis of commodity markets. It summarizes that MCX gold prices are expected to rise towards 30400 levels as the price has broken out of a symmetrical triangle pattern. MCX silver prices are expected to fall towards 40350 levels as the price is below supports and momentum indicators show a negative signal. MCX copper prices are expected to rise towards 319.50 levels as the price is trading above short term averages and momentum indicators show a positive signal.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has given breakout of its symmetrical triangle
pattern at 30000 levels on hourly chart. Counter has retest its
trend line support and is posed to move on the higher side.
Moreover, COMEX Gold price have been taking support of its
rising trend line at $1268 levels on hourly chart. The
momentum indicator, RSI has taken support of its trend line at
50 levels on hourly chart, which gives positive momentum to
the prices. For now we expect prices should move higher
towards 30400 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold June Hourly Chart CMP: 30032
MCX Gold (June) Trend: Bullish
Price potential: 30400 Reversal:29800
MCX Silver July Hourly Chart CMP: 41168
Technical View:
MCX Silver price has hold resistance of its horizontal trend line
41500 levels on hourly chart. Prices have been trading below
its 100 HEMA on hourly chart. Moreover, MACD indicator has
given negative crossover on hourly time frame. On the other
hand, COMEX Silver price has taken resistance of its horizontal
trend line $17.40 levels on hourly chart which gives negative
confirmation to the prices. For now we expect prices to move
lower towards 40350 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 40350 Reversal: 41575
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29907 29738 29453 30023 30192 30308 30593
Silver 40877 40514 39905 41123 41486 41732 42341
18th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices are trading in consolidation formation
since last couple of days. However, MCX Copper prices is
trading above its 21 HEMA on hourly chart which indicates
short term trend remains strong. On the other hand, Bullish
Harami reversal candle stick pattern is visible on daily chart.
Furthermore, momentum indictor MACD has shown
positive crossover on hourly chart. For now we expect
prices to move higher towards 319.50 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 310.90
MCX Copper (June) Trend: Bullish
Price potential: 319.50 Reversal: 306.50
MCX Crude Oil May. Hourly Chart CMP: 3209
Technical View:
As expected MCX Crude moved higher as per our line of
expectation. MCX Crude Oil prices are trading above its trend
line support on hourly chart. Moreover, counter is trading
above its 21 HEMA on hourly chart. On the other hand,
momentum indicator MACD has given positive crossover on
hourly chart which gives positive confirmation to the prices.
For now we expect prices to move higher towards 3310
levels in coming trading sessions.
MCX Crude Oil (May) Trend: Bullish
Price potential: 3310 Reversal: 3170
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 309.0 306.1 300.7 311.5 314.4 316.9 322.3
Crude 3189 3158 3104 3212 3243 3266 3320
Base Metal
Energy
Aaj Ka Trend
18th May’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 309.3 307.0 302.6 311.4 313.7 315.8 320.2
Aluminum 102.8 102.2 101.2 103.2 103.8 104.2 105.2
Lead 114.3 112.2 108.8 115.5 117.7 118.9 122.2
Nickel 578.8 572.5 560.8 584.2 590.5 595.9 607.6
Zinc 125.4 124.4 122.7 126.1 127.1 127.8 129.5
Natural Gas 135.9 134.2 130.6 137.8 139.5 141.4 145.0
Fundamental News:
 Gold gained in Asia on Tuesday with investors looking ahead to data on U.S. consumer prices for indications on
the likely path of Federal Reserve interest rate moves this year.
 Gold futures were higher in European trade on Tuesday, adding to modest overnight gains, as investors looked
ahead to key U.S. inflation data due later in the session to gauge if the world's largest economy is strong enough
to withstand further rate hikes in 2016.
 Gold bull John Paulson slashed his bets on bullion while billionaire investor George Soros and other big funds
returned to the metal for the first time in years, filings showed on Monday, as prices staged their biggest rally in
nearly 30 years.
 Oil prices rose to fresh seven-month highs in European trade on Tuesday, adding to sharp overnight gains amid
mounting concerns over global supply disruptions.
 A massive wildfire burning around the oil sands hub of Fort McMurray was growing and moving rapidly north
late on Monday, forcing firefighters to shift their focus to protecting major oil sand facilities north of the city,
officials said.
 Oil futures took a breather Tuesday, after hitting 2016 highs as the market focused on supply disruptions that
prompted long-time bear Goldman Sachs (NYSE:GS) to issue a bullish assessment on near-term prices.
 Oil prices were trading close to 2016 highs on Tuesday as global supply disruptions and a bullish analyst forecast
by Goldman Sachs (NYSE:GS) continued to underpin prices.
 After intense lobbying, Oklahoma’s oilmen scored a victory two years ago. State lawmakers voted to keep in
place some of lowest taxes on oil and gas production in the United States - a break worth $470 million in fiscal
year 2015 alone.
Aaj Ka Trend
18th May’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 1279.84
Silver 17.25
Crude Oil 48.33
Brent Crude Oil 49.35
Natural Gas 2.05
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.88
Dollar Index 94.55
EUR / USD 1.1315
CRB Index* 185.85
Closing as on 17.05.16 *Closing as on 17.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4657
Aluminum 1545
Zinc 1903.50
Lead 1722
Nickel 8641
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35630
Aluminum 12210
Zinc 15010
Lead 14750
Closing as on 17.05.16 Closing as on 17.05.16
LME INVENTORY DATA
Aaj Ka Trend
11-May-16 12-May-16 13-May-16 16-May-16 17-May-16
Aluminium -7375 -8900 -4825 -6625 -2050
Copper 725 -1625 -3325 -2350 -2275
Lead -50 750 25 -250 -175
Nickel -690 -6 -1674 -5880 -606
Zinc -875 -1100 -1125 -325 -575
18th May’16

5. Equities I Commodities I Currencies I Mutual Funds
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Aaj Ka Trend
18th May’16
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Date: 2016.05.18 08:42:04 +05'30'