The document provides a technical analysis of commodity markets. It summarizes that gold and silver prices are expected to move lower in the near term due to bearish technical indicators like breaches of support levels and momentum indicators drifting below key levels. Copper and crude oil prices are expected to rise as they have given breakouts above resistance levels and momentum indicators are positive. Natural gas inventories rose more than expected, extending price losses.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
As Expected MCX Gold price traded on a lower side till 28730
levels. MCX Gold prices has breached its horizontal trend line
support at 28550 levels on hourly chart. Moreover, MCX Gold
prices are trading below its 50 HEMA on hourly chart. The
momentum indicator, RSI has drift below 30 levels on hourly
chart, which gives negative momentum to the prices. For now
we expect prices should move lower towards 28400 levels in
the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold June Hourly Chart CMP: 28754
MCX Gold (June) Trend: Bearish
Price potential: 28400 Reversal:28925
MCX Silver July Hourly Chart CMP: 39065
Technical View:
MCX Silver prices has witnessed breakdown of its Descending
triangle pattern at 39350 levels. Moreover, Counter is trading
below its trend line resistance on hourly time frame. On the
other hand, MCX Silver prices are trading below its 21 HEMA
which indicates negative confirmation to the prices.
Furthermore, Three Black Crow Bearish candle stick pattern is
visible on weekly chart of COMEX silver. Moreover,
momentum indicator RSI has drift below 40 levels on hourly
chart. For now we expect prices to move lower towards
38350 levels in few trading sessions.
MCX Silver (July) Trend: Bearish
Price potential: 38350 Reversal: 39600
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28595 28449 28020 28878 29024 29307 29736
Silver 38927 38718 38151 39285 39494 39852 40419
27th May’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper Prices have given breakout above its trend line
resistance at 315.35 levels. However, MCX Copper prices
has retest its trend line support on hourly chart which
indicates bulls to resume its uptrend. On the other hand,
momentum indicator RSI is trading above 50 levels on
hourly chart. Furthermore, momentum indictor MACD has
shown positive crossover on hourly chart. For now we
expect prices to move higher towards 322 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 313.10
MCX Copper (June) Trend: Bullish
Price potential: 322 Reversal: 308.30
MCX Crude Oil June. Hourly Chart CMP: 3328
Technical View:
On Hourly chart MCX Crude Oil prices are trading in rising
channel formation. Moreover prices has formed higher top
higher bottom formation on hourly basis. On the other hand
counter is trading above its 50 HEMA on MCX Crude Oil
hourly chart. Furthermore momentum indicator RSI is trading
above 70 levels in daily chart which indicates strength ahead.
For now we expect prices to move higher towards 3415
levels in coming trading sessions.
MCX Crude Oil (June) Trend: Bullish
Price potential: 3415 Reversal: 3275
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 311.5 309.8 305.3 314.3 316.0 318.8 323.3
Crude 3302 3270 3200 3340 3372 3410 3480
Base Metal
Energy
Aaj Ka Trend
27th May’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 311.5 309.8 305.3 314.3 316.0 318.8 323.3
Aluminum 103.5 103.1 102.1 104.2 104.6 105.2 106.3
Lead 110.7 109.6 107.8 111.5 112.6 113.3 115.2
Nickel 554.4 550.2 538.7 561.7 565.9 573.2 584.7
Zinc 124.3 123.1 120.8 125.4 126.6 127.7 130.0
Natural Gas 142.5 140.8 136.5 145.1 146.8 149.4 153.7
Fundamental News:
 Gold prices eased in Asia on Thursday with the market looking ahead to comments from Fed Chair Janet Yellen
and U.S. GDP data at the end of the week.
 Gold futures were higher in European trade on Thursday, after falling to a seven-week low overnight as
investors continued to factor in an increased chance of a near-term U.S. interest rate rise.
 Gold futures were higher in North American trade on Thursday, on track to halt a six-day losing streak as the
U.S. dollar pulled back from recent highs.
 Oil prices added to overnight gains in European trade on Thursday, with Brent futures climbing above the $50-
level for the first time in seven months.
 Brent crude on Thursday sought to hold above $50 a barrel after breaking through the psychological barrier
as U.S. crude stockpiles fell more than expected.
 Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply
glut that plagued the market for nearly two years showed signs of easing.
 Oil prices added to overnight gains in North American trade on Thursday, with both West Texas Intermediate
and Brent climbing above the $50-level for the first time in almost eight months as falling stockpiles in the U.S.
and global supply disruptions boosted sentiment.
 U.S. natural gas futures extended losses in North America trade on Thursday, after data showed that natural gas
supplies in storage in the U.S. rose more than expected last week.
 The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the
week ended May 20 rose by 71 billion cubic feet, compared to expectations for a gain of 68 billion.
Aaj Ka Trend
27th May’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 1221.70
Silver 16.32
Crude Oil 49.44
Brent Crude Oil 49.49
Natural Gas 2.14
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.17
Dollar Index 95.14
EUR / USD 1.1191
CRB Index* 185.58
Closing as on 26.05.16 *Closing as on 26.05.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4661
Aluminum 1555
Zinc 1876
Lead 1675
Nickel 8336
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 35830
Aluminum 12150
Zinc 14680
Lead 12850
Closing as on 26.05.16 Closing as on 26.05.16
LME INVENTORY DATA
Aaj Ka Trend
20-May-16 23-May-16 24-May-16 25-May-16 26-May-16
Aluminium -5575 -5300 -5550 -5375 -4425
Copper -2875 -725 2250 -2000 725
Lead -150 -125 5575 5575 -275
Nickel 1104 -1668 -384 -630 -978
Zinc -600 -975 -100 -600 -50
27th May’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
27th May’16
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Amit Pathania
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DN: cn=Amit Pathania, o=Choice Equity Broking Pvt. ltd,
ou=Research Department,
email=amit.pathania@choiceindia.com, c=IN
Date: 2016.05.27 08:47:34 +05'30'