- MCX gold and silver prices have broken below support levels and are expected to move lower in the coming sessions towards targets of 30750 and 43200 respectively. MCX copper and crude oil have also broken below patterns and momentum indicators suggest further downside towards 300 and 3075 respectively. - U.S. crude stockpiles rose unexpectedly while gasoline and distillate stocks rose modestly, weighing on oil prices. - Gold prices were slightly lower with traders awaiting a speech from the Fed chair later this week for clues on the outlook for U.S. interest rates.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold has achieved our short term target of 30980 in
yesterdays trading sessions. MCX Gold prices have witnessed
breakdown of its symmetrical triangle pattern at 31131 levels
on hourly basis. On the other hand, prices have been trading
below 50 HEMA on hourly time frame. Moreover, Momentum
Indicator RSI is trading below 40 levels on hourly time frame.
For now we expect prices should move lower towards 30750
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: 31044
MCX Gold (Oct) Trend: Bearish
Price potential: 30750 Reversal:31300
MCX Silver Sept Hourly Chart CMP: 43754
Technical View:
MCX Silver prices have witnessed breakdown of its Rectangle
pattern at 44350 on hourly chart. In addition, COMEX Silver
prices have observed breakdown of its Pennant pattern at
$18.75 levels hourly time frame. Furthermore, MCX Silver
prices are trading below its 50 HEMA on hourly time frame.
Moreover, Momentum Indicator RSI is trading near its support
levels on hourly time frame. For now we expect prices to
move lower towards 43200 levels in few trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 43200 Reversal: 44350
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30942 30822 30495 31149 31269 31476 31803
Silver 43517 43245 42458 44032 44304 44819 45606
25th Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have observed breakdown of its
Descending triangle pattern at 315 levels on hourly chart.
Furthermore, COMEX Copper prices are trading in a Lower
high lower low formation 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 30 levels on hourly chart. For now we expect prices
to move lower towards 300 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 308.55
MCX Copper (Aug) Trend: Bearish
Price potential: 300 Reversal: 314
MCX Crude Oil Sept. Hourly Chart CMP: 3150
Technical View:
MCX Crude Oil has achieved our short term target of 3155 in
yesterdays trading sessions. MCX Crude oil prices witnessed
breakdown of its Falling channel pattern at 3132 levels on
hourly chart. Counter is trading below its 50 HEMA on.
Moreover, Momentum indicator RSI is trading below 40
levels on hourly chart. For now we expect prices to move
lower towards 3075 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bearish
Price potential: 3075 Reversal: 3200
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 306.8 304.8 299.1 310.6 312.6 316.3 322.1
Crude 3107 3077 2991 3163 3193 3249 3335
Base Metal
Energy
Aaj Ka Trend
25th 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 306.8 304.8 299.1 310.6 312.6 316.3 322.1
Aluminum 109.5 109.0 107.5 110.5 111.0 112.0 113.5
Lead 123.5 123.0 121.6 124.3 124.9 125.7 127.0
Nickel 661.9 654.7 634.2 675.2 682.4 695.7 716.2
Zinc 151.8 150.8 148.1 153.6 154.5 156.3 159.1
Natural Gas 185.3 183.2 179.4 187.0 189.1 190.8 194.6
Fundamental News:
 Gold dipped in Asia on Wednesday with the focus on remarks by the Fed chief at the end of the week to see if
recent hawkish views by colleagues on the need to hike interest rates soon are repeated and expanded.
 Gold prices edged lower in European hours on Wednesday, holding in a familiar range with traders hesitant to
make big bets ahead of a highly anticipated speech from Federal Reserve Chair Janet Yellen later this week.
 Gold prices were slightly lower in North American hours on Wednesday, remaining in a familiar trading range as
market players looked ahead to a highly anticipated speech from Federal Reserve Chair Janet Yellen at the end
of this week.
 The world's central banks are still net buyers of gold, but they may be slowing down those purchases.
 Oil prices were under heavy selling pressure in North American trade on Wednesday, extending overnight
losses after data showed that both oil and gasoline supplies in the U.S. rose last week.
 U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate stocks rose modestly, the
U.S. Energy Information Administration said on Wednesday.
 Oil prices extended their losses on Wednesday, with U.S. crude futures falling more than 2 percent, after an
unexpected large build in U.S. crude stockpiles renewed worries about oversupply in the market.
 U.S. natural gas futures rose for the third day in a row on Wednesday, hitting a more than two-week high as
market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of
demand for the fuel.
Aaj Ka Trend
25th 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 1328.55
Silver 18.54
Crude Oil 46.77
Brent Crude Oil 49.02
Natural Gas 2.79
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.11
Dollar Index 94.70
EUR / USD 1.12
CRB Index* 185.74
Closing as on 24.08.16 *Closing as on 24.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4629
Aluminum 1630
Zinc 2275
Lead 1832
Nickel 9897
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37050
Aluminum 12320
Zinc 17220
Lead 13500
Closing as on 24.08.16 Closing as on 24.08.16
LME INVENTORY DATA
Aaj Ka Trend
18-Aug-16 19-Aug-16 22-Aug-16 23-Aug-16 24-Aug-16
Aluminium 18300 -7100 -3500 -7025 24570
Copper 7925 -2800 18750 10700 14626
Lead -125 -100 -875 -250 -252
Nickel -414 -60 180 144 -340
Zinc -375 -1175 -675 -100 177
25th Aug’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,
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Amit Pathania
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
25th 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: 2016.08.25 08:40:02 +05'30'