#ChoiceBroking #Aajkatrend: MCX Gold August Hourly Chart CMP: 30602

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are trading near its trend line support on
hourly basis. On the other hand, MCX Gold prices have been
trading above its 100 HEMA which indicates medium term
positive confirmation to the prices. Furthermore, COMEX
GOLD prices are trading near its trend line support at $1290
levels. Moreover, Momentum Indicator RSI is trading above
50 levels in hourly time frame. For now we expect prices
should move higher towards 30950 levels in the coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold August Hourly Chart CMP: 30602
MCX Gold (Aug) Trend: Bullish
Price potential: 30950 Reversal:30400
MCX Silver July Hourly Chart CMP: 41362
Technical View:
MCX Silver prices are trading in a higher high higher low
formation on hourly basis. Furthermore, counter has hold its
trend line support at 40978 levels on hourly chart. On the
other hand, MCX Silver prices have been trading above its 100
HEMA which indicates positive confirmation to the prices.
Moreover, momentum indicator RSI has hold its trend line
support at 40 levels on hourly chart. For now we expect
prices to move higher towards 42150 levels in few trading
sessions.
MCX Silver (July) Trend: Bullish
Price potential: 42150 Reversal: 40950
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30392 30170 29815 30525 30747 30880 31235
Silver 41075 40778 40281 41275 41572 41772 42269
20th June’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have given breakdown of its Rising
Channel formation at 304 levels on hourly chart.
Furthermore, prices have been trading below its 21 HEMA
on hourly chart. Moreover, momentum indicator MACD is
trading below its signal line on hourly chart. On the other
hand, momentum indicator RSI is trading below 50 levels on
hourly chart. For now we expect prices to move lower
towards 297 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 305
MCX Copper (June) Trend: Bearish
Price potential: 297 Reversal: 310
MCX Crude Oil July. Hourly Chart CMP: 3246
Technical View:
On Hourly chart MCX Crude Oil prices have given breakout of
its Falling wedge pattern at 3251 levels. On the other hand
prices have been trading above its 21 HEMA on MCX Crude
Oil hourly chart. Counter is trading above its trend line
support on hourly basis. Moreover, Momentum indicator RSI
has rise above 60 levels on hourly chart. For now we expect
prices to move higher towards 3335 levels in coming trading
sessions.
MCX Crude Oil (July) Trend: Bullish
Price potential: 3335 Reversal: 3195
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 303.1 301.2 296.8 305.7 307.5 310.1 314.6
Crude 3203 3158 3086 3230 3275 3302 3374
Base Metal
Energy
Aaj Ka Trend
20th June’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 303.1 301.2 296.8 305.7 307.5 310.1 314.6
Aluminum 107.2 106.6 105.3 107.8 108.5 109.1 110.3
Lead 113.3 112.4 110.1 114.6 115.5 116.9 119.1
Nickel 597.6 589.1 575.0 603.2 611.7 617.3 631.4
Zinc 131.3 129.8 126.0 133.6 135.1 137.4 141.2
Natural Gas 173.0 170.3 165.9 174.7 177.4 179.1 183.5
Fundamental News:
 Gold prices slid lower on Friday, as traders locked in profits from the precious metal’s rally to 23-month highs on
Thursday, sparked by a broadly weaker U.S. dollar.
 Gold retreated from 22-month highs on Friday amid heavy profit taking, as officials suspended Brexit
campaigning for a second consecutive day following the tragic death of a Parliament member, throwing next
week's closely-watched referendum into limbo.
 Gold soared nearly 2% to hit 22-month highs, as the Bank of Japan and Bank of England followed the lead of the
Federal Reserve by standing pat at a pair of closely-watched central bank meetings.
 U.S. oil futures moved higher on Friday, after six consecutive sessions in the red as a weaker U.S. dollar lent
support to the commodity and as concerns over a potential British exit from the European Union, Brexit,
temporarily eased.
 Oil futures rose Friday for the first time in seven sessions as concerns about the prospect of Brexit abated.
 Crude oil prices rose on Friday for the first time in seven days, but are set to end the week lower as trading
remains volatile before Britain's June 23 referendum on its EU membership.
 Crude futures halted a six-day losing streak on Friday, closing near session-highs, after shrugging off reports of a
third consecutive weekly gain among U.S. oil rigs.
 Hedge funds and other big speculators cut their bullish bets on U.S. crude to the lowest in two months, trade
data showed on Friday, as a resurgent dollar challenged oil bulls' attempts to keep the market above $50 a
barrel.
Aaj Ka Trend
20th June’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 1301.75
Silver 17.51
Crude Oil 48.26
Brent Crude Oil 49.38
Natural Gas 2.64
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.06
Dollar Index 94.30
EUR / USD 1.1277
CRB Index* 192.37
Closing as on 17.06.16 *Closing as on 17.06.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4554
Aluminum 1615
Zinc 1981
Lead 1693
Nickel 9065
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35320
Aluminum 19940
Zinc 15525
Lead 12650
Closing as on 17.06.16 Closing as on 17.06.16
LME INVENTORY DATA
Aaj Ka Trend
13-June-16 14-June-16 15-June-16 16-June-16 17-June-16
Aluminium -5375 -7025 -2475 -6450 -6200
Copper -3050 -4350 -1125 -3125 -3100
Lead -930 -25 -150 -150 -50
Nickel -84 -3072 -1524 -516 -2382
Zinc -325 -4000 -875 -925 -17750
20th June’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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undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information
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recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the
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the loss of your entire investment.
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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
20th June’16
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: 2016.06.18 15:49:56 +05'30'