The document provides a technical analysis of commodity markets. It summarizes recent trends in gold, silver, copper and crude oil prices based on indicators like breakouts of patterns, movements relative to moving averages, and momentum readings. The analysis is bullish on gold and silver based on breakouts and technical indicators. Copper is expected to rise further based on a breakout and bullish pattern. Crude oil is seen taking a short-term pullback but maintaining a bullish view overall. Pivot levels are provided for the day's trading.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices continued to trade higher after witnessing
breakout of its Triangle pattern at 31200 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 trading
above 60 levels on hourly time frame. For now we expect prices
should move higher towards 31650 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: 31332
MCX Gold (Oct) Trend: Bullish
Price potential: 31650 Reversal:31100
MCX Silver Dec Hourly Chart CMP: 47568
Technical View:
MCX Silver prices continued to trade higher after witnessing
breakout of its Rectangle pattern at 46560 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 60 levels on hourly basis. For now we expect
prices to move higher towards 48250 levels in few trading
sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 48250 Reversal: 47050
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31193 31104 30962 31246 31335 31388 31530
Silver 47169 46855 46325 47385 47699 47915 48445
23rd Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper has witnessed breakout of
Rectangle at 325.70 levels on hourly time frame.
Furthermore, Counter is trading above its 50 HEMA on
hourly chart. Moreover, MCX Copper has completed Bullish
Cypher Harmonic Pattern on daily chart. In addition,
Momentum indicator RSI is trading above 60 levels on
hourly basis. For now we expect prices to move higher
towards 333.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 326.75
MCX Copper (Nov) Trend: Bullish
Price potential: 333.50 Reversal: 320
MCX Crude Oil Oct. Hourly Chart CMP: 3101
Technical View:
MCX Crude Oil prices after witnessing 10% rally in last few
days is expected to take some profit booking. We are
expecting pullback in counter for intraday purpose overall we
maintain our bullish view in short term. Furthermore,
Counter is trading above its 21 HEMA on hourly chart.
Moreover, Momentum indicator RSI is trading in overbought
70 levels on hourly basis. For now we expect prices to move
lower towards 3045 levels in coming trading sessions.
MCX Crude Oil (Oct) Trend: Bearish
Price potential: 3045 Reversal: 3150
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 324.2 322.1 318.7 325.5 327.6 328.9 332.3
Crude 3072 3043 2996 3090 3119 3137 3184
Base Metal
Energy
Aaj Ka Trend
23rd 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 324.2 322.1 318.7 325.5 327.6 328.9 332.3
Aluminum 106.4 105.0 102.8 107.2 108.6 109.4 111.6
Lead 129.3 128.6 127.4 129.9 130.5 131.1 132.4
Nickel 693.1 685.4 672.0 698.8 706.5 712.2 725.6
Zinc 151.9 151.2 149.7 152.6 153.4 154.1 155.5
Natural Gas 198.0 195.5 188.7 202.3 204.8 209.1 215.9
Fundamental News:
 Gold prices gained in Asia on Thursday as the Federal Reserve held steady on interest rates as expected, though
the outlook for a possible hike this year by the FOMC remained subject to debate.
 Gold prices rose to a two-week high during Europe's session on Thursday, as the U.S. dollar sank after the
Federal Reserve held off on raising interest rates and scaled back the number of rate hikes it expects next year.
 Gold prices extended overnight gains during North America's session on Thursday, touching a fresh two-week
peak as the U.S. dollar sold off after the Federal Reserve held off on raising interest rates and scaled back the
number of rate hikes it expects next year.
 Oil prices rose to a more than one-week high during European hours on Thursday, extending strong overnight
gains after data showed U.S. crude supplies fell for the third week in a row, boosting the demand outlook in the
world's largest oil consumer.
 Oil rose for a second day on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories
emboldened investors ahead of next week's meeting between OPEC members and Russia to discuss supply.
 Oil Thursday added to overnight gains after a surprise draw in U.S. crude stocks.
 Oil prices extended sharp overnight gains during North American hours on Thursday, as a broadly weaker U.S.
dollar and easing concerns over a slowdown in U.S. crude demand boosted sentiment.
 U.S. natural gas futures declined on Thursday morning, turning lower after data showed that natural gas
supplies in storage in the U.S. rose broadly in line with market expectations last week.
Aaj Ka Trend
23rd 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 1335
Silver 19.78
Crude Oil 45.81
Brent Crude Oil 47.27
Natural Gas 2.995
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.66
Dollar Index 95.54
EUR / USD 1.1197
CRB Index* 186.32
Closing as on 22.09.16 *Closing as on 22.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4853
Aluminum 1633
Zinc 2294
Lead 1950
Nickel 10660
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37720
Aluminum 12445
Zinc 17920
Lead 14475
Closing as on 22.09.16 Closing as on 22.09.16
LME INVENTORY DATA
Aaj Ka Trend
16-Sept-16 19-Sept-16 20-Sept-16 21-Sept-16 22-Sept-16
Aluminium -6050 -5452 -6700 -6600 -8150
Copper -225 624 -1675 -150 -1750
Lead 0 301 875 2200 -200
Nickel -840 -110 -1075 -1002 120
Zinc -1125 -50 -50 -250 -300
23rd Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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Aaj Ka Trend
23rd Sept’16
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Date: 2016.09.23 09:07:05 +05'30'