The document provides a technical analysis of various commodities including gold, silver, copper, crude oil, and others. For gold, it predicts prices will move lower towards Rs. 31,000 in the coming sessions. For silver, it expects prices to move higher towards Rs. 45,350. For copper and crude oil, it forecasts prices will decrease towards Rs. 310 and Rs. 3,145 respectively. The analysis also provides daily support and resistance levels and recent international closing prices.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are facing a resistance of downward falling
trend line on hourly basis. On the other hand, prices have
been trading below 50 HEMA on hourly time frame.
Furthermore, ADX indicator is trading below 25 which
indicates lack of strength ahead on hourly chart. Moreover,
Momentum Indicator RSI is trading below 50 levels on hourly
time frame. For now we expect prices should move lower
towards 31000 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: 31362
MCX Gold (Oct) Trend: Bearish
Price potential: 31000 Reversal:31550
MCX Silver Sept Hourly Chart CMP: 44506
Technical View:
MCX Silver has achieved our short term target of 44700 in
yesterdays trading sessions. MCX Silver prices trading near its
horizontal trend line support on hourly chart. In addition,
COMEX Silver prices are trading at support of 161.80% of
Fibonacci retracement hourly time frame. Moreover,
Momentum Indicator RSI is trading near its support levels on
hourly time frame. For now we expect prices to move higher
towards 45350 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 45350 Reversal: 44200
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31240 31150 31006 31294 31384 31438 31582
Silver 44260 43918 43077 44759 45101 45600 46441
23rd Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices are trading in Falling channel formation
on hourly chart. Furthermore, COMEX Copper has
witnessed breakdown of its Rectangle pattern at $2.14
levels on hourly time frame. Moreover, MCX Copper is
trading below its 50 HEMA 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 310 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 318.65
MCX Copper (Aug) Trend: Bearish
Price potential: 310 Reversal: 323
MCX Crude Oil Sept. Hourly Chart CMP: 3212
Technical View:
MCX Crude Oil has achieved our short term target of 3215 in
yesterdays trading sessions. MCX Crude oil prices have been
witnessed breakdown of its Rising Wedge pattern at 3226
levels on hourly chart. Furthermore, NYMEX WTI Crude Oil
has observed breakdown of its falling channel pattern on
hourly basis. Moreover, Momentum indicator RSI is trading
below 50 levels on hourly chart. For now we expect prices to
move lower towards 3145 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bearish
Price potential: 3145 Reversal: 3270
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 316.6 314.4 309.9 318.9 321.1 323.4 327.9
Crude 3198 3167 3087 3247 3278 3327 3407
Base Metal
Energy
Aaj Ka Trend
23rd Aug’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 316.6 314.4 309.9 318.9 321.1 323.4 327.9
Aluminum 110.9 110.5 109.9 111.2 111.6 111.8 112.5
Lead 123.4 122.7 120.8 124.6 125.3 126.5 128.4
Nickel 681.9 676.9 666.9 686.9 691.9 696.9 706.9
Zinc 152.7 152.0 150.7 153.3 154.0 154.6 155.9
Natural Gas 177.4 174.0 168.7 179.3 182.7 184.6 189.9
Fundamental News:
 Gold drifted lower in Asia on Monday and silver dropped sharply as investors keep a sharp eye on the prospects
for a near-term rate hike by the Federal Reserve.
 Gold fell further in Asia on Monday and silver dropped sharply as investors noted comments by Federal Reserve
Vice Chair Stanley Fischer that appeared to raise prospects for a near-term rate hike by the Federal Reserve.
 Gold prices were under pressure in European trade on Monday, falling to a two-week low as the U.S. dollar
rallied amid indications the Federal Reserve could raise interest rates as early as next month.
 Gold prices declined in North American trade on Monday, touching a two-week low amid indications the Federal
Reserve could raise interest rates as soon as next month.
 Oil prices snapped a seven-session win streak on Monday, easing off eight-week highs as investors chose to cash
in their gains following this month's impressive rally, which analysts warned was not justified by fundamentals.
 Oil was sharply lower Monday on doubts about a supply freeze accord and as the dollar strengthened.
 Oil prices fell sharply in North American trade on Monday, extending overnight losses as investors chose to cash
in their gains following this month's impressive rally, which analysts warned was not justified by fundamentals.
 Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers
added rigs for an eighth consecutive week and prospects emerged for increased exports from Iraq and Nigeria.
Aaj Ka Trend
23rd Aug’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 1341.50
Silver 18.96
Crude Oil 46.73
Brent Crude Oil 48.62
Natural Gas 2.66
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.18
Dollar Index 94.44
EUR / USD 1.133
CRB Index* 187.08
Closing as on 22.08.16 *Closing as on 22.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4753
Aluminum 1658
Zinc 2299
Lead 1850
Nickel 10206
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37150
Aluminum 12465
Zinc 17380
Lead 13650
Closing as on 22.08.16 Closing as on 22.08.16
LME INVENTORY DATA
Aaj Ka Trend
16-Aug-16 17-Aug-16 18-Aug-16 19-Aug-16 22-Aug-16
Aluminium -2250 18300 18300 -7100 -3500
Copper -1175 7925 7925 -2800 18750
Lead -50 -175 -125 -100 -875
Nickel 4944 -414 -414 -60 180
Zinc -275 -375 -375 -1175 -675
23rd Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
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its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent
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
and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research
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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and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
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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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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
23rd Aug’16
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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: 2016.08.23 08:32:09 +05'30'