#ChoiceBroking #Aajkatrend : Bullions - MCX Gold Oct Hourly Chart CMP: 30924

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices observed breakout of its Falling Channel
pattern at 30983 levels on hourly time frame. On the other
hand, prices have been trading above 20 HEMA on hourly
chart. Looking at ADX, positive directional index (+DMI) is in
domination position with rising average direction index.
Moreover, Momentum Indicator RSI is hovering near 50 levels
on hourly time frame. For now we expect prices should move
higher towards 31250 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: 30924
MCX Gold (Oct) Trend: Bullish
Price potential: 31250 Reversal:30700
MCX Silver Dec Hourly Chart CMP: 46138
Technical View:
COMEX Silver prices observed breakout of its Rectangle
pattern at $19.27 levels on hourly time frame. Furthermore,
MCX Silver prices are trading above its 21 HEMA on hourly
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 46870 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 46870 Reversal: 45700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30859 30781 30607 30955 31033 31129 31303
Silver 45932 45694 45300 46088 46326 46482 46876
21st Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper is trading in Rectangle
formation after witnessing breakout of Consolidation range.
Furthermore, Counter is trading above its 21 HEMA on
hourly chart. Moreover, MCX Copper has completed Bullish
Cypher Harmonic Pattern on daily chart. In addition,
Momentum indicator RSI is trading above 50 levels on
hourly basis. For now we expect prices to move higher
towards 332 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 324.35
MCX Copper (Nov) Trend: Bullish
Price potential: 332 Reversal: 319
MCX Crude Oil Oct. Hourly Chart CMP: 2956
Technical View:
MCX Crude Oil prices have witnessed breakout of its Falling
channel formation at 3008 levels on hourly time frame.
Looking at ADX, Positive directional index (+DMI) is in
domination position with rising average direction index.
Furthermore, Counter is trading above its 21 HEMA on hourly
chart. Moreover, Momentum indicator RSI is trading above
60 levels on hourly basis. For now we expect prices to move
higher towards 3045 levels in coming trading sessions.
MCX Crude Oil (Oct) Trend: Bullish
Price potential: 3045 Reversal: 2920
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 322.8 321.1 318.3 323.8 325.5 326.6 329.3
Crude 2927 2876 2794 2958 3009 3040 3122
Base Metal
Energy
Aaj Ka Trend
21st 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 322.8 321.1 318.3 323.8 325.5 326.6 329.3
Aluminum 104.9 104.5 103.7 105.4 105.7 106.2 107.1
Lead 131.2 130.0 128.1 131.9 133.1 133.8 135.7
Nickel 679.5 673.2 663.1 683.3 689.6 693.4 703.5
Zinc 151.6 149.8 147.1 152.5 154.3 155.2 157.9
Natural Gas 197.8 193.5 186.5 200.5 204.8 207.5 214.5
Fundamental News:
 Gold prices gained in Asia on Monday with the stage set this week for the latest Federal Reserve review on rates
and on the same day the Bank of Japan expected to detail results of a review on its easing policies.
 Gold prices were higher during Europe's session on Monday, bouncing off a more than two-week low as
investors looked ahead to this week's highly anticipated Federal Reserve policy meeting.
 Gold prices held on to overnight gains during North America's session on Monday, as the U.S. dollar slipped
amid expectations of no rate change from the Federal Reserve this week.
 Oil prices rose sharply during European hours on Monday, recovering from last week's steep declines, as traders
continued to monitor developments before the informal meeting of major oil producing countries later this
month.
 Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close
to a deal to stabilize the market and as clashes in Libya disrupted attempts to boost crude exports.
 Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were close to reaching
a deal to stabilize oil markets and that he aimed for a deal to be announced this month.
 Oil was higher Monday as hopes grew about a possible accord among major producers to cap output.
 Oil prices ticked higher during North American hours on Monday, after Venezuelan President Nicolas Maduro
said over the weekend that OPEC and non-OPEC countries were "close" to reaching a deal to stabilize oil
markets and that he aimed for a deal to be announced this month.
Aaj Ka Trend
21st 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 1315.28
Silver 19.25
Crude Oil 44.85
Brent Crude Oil 46.48
Natural Gas 3.078
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.01
Dollar Index 96.05
EUR / USD 1.1146
CRB Index* 182.96
Closing as on 20.09.16 *Closing as on 20.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4793
Aluminum 1577
Zinc 2300
Lead 1980
Nickel 10310
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37270
Aluminum 12145
Zinc 17985
Lead 14545
Closing as on 20.09.16 Closing as on 20.09.16
LME INVENTORY DATA
Aaj Ka Trend
14-Sept-16 15-Sept-16 16-Sept-16 19-Sept-16 20-Sept-16
Aluminium -9250 -625 -6050 -5452 -6700
Copper -1875 -2275 -225 624 -1675
Lead 0 0 0 301 875
Nickel 84 -6 -840 -110 -1075
Zinc -1125 -1100 -1125 -50 -50
21st Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
21st Sept’16
Neeraj Yadav
Research Advisor
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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: 2016.09.21 09:47:12 +05'30'