The document provides a technical analysis of various commodities including gold, silver, copper, crude oil, and other base metals. It finds that gold and silver prices are expected to move higher towards 27600 and 39900 levels respectively based on support from falling and wedge patterns and positive MACD crossovers. Copper and crude oil are also predicted to rise to 389 and 3750 levels driven by support from falling channel and wedge patterns and RSI remaining above 50/60. Pivot levels are provided. Fundamental news updates commodity prices and provides analysis of international markets.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On daily chart, MCX Gold price has taken support of its falling
trend line at 26810 levels. Furthermore, COMEX Gold prices
have been taking support of its horizontal trend line at $1138
levels on hourly chart. Moreover, Momentum Indicator MACD
has given positive crossover on daily chart, which gives the
sign of bullishness in the prices. For now we expect prices
should move higher towards 27600 levels in the coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Daily Chart CMP: 27170
MCX Gold (Feb) Trend: Bullish
Price potential: 27600 Reversal: 27000
MCX Silver Mar. Hourly Chart CMP: 39118
Technical View:
On hourly chart, MCX Silver price has been trading in its
falling wedge pattern and prices have been taking support of
its lower band of pattern at 38500 levels. On the other hand,
prices are trading above its 21 HEMA. In addition, momentum
indicator MACD has given positive crossover on hourly chart,
which indicates strength in the prices. For now we expect
prices to move higher towards 39900 levels in few trading
sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 39900 Reversal: 38700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27033 26867 26673 27227 28150 28350 28450
Silver 38719 38387 38035 39071 39403 39755 40792
28th Dec’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has been trading in falling channel
pattern and prices have been taking support of its lower
band of channel pattern at 366 levels on hourly chart. In
addition MCX Copper prices are trading above its 21 HEMA.
Furthermore, momentum indicator RSI has remained above
60 levels on hourly time frame, which suggest further
upside momentum can be seen. For now we expect prices
to move higher towards 389 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. hourly Chart CMP: 379
MCX Copper (Feb) Trend: Bullish
Price potential: 389 Reversal: 370
MCX Crude Oil Jan. Hourly Chart CMP: 3676
Technical View:
MCX Crude Oil prices has been trading in rising wedge
pattern and taking support of its lower band of wedge
pattern at 3550 levels on hourly chart. MCX Crude Oil is
trading above its 100 HEMA on hourly chart. On the other
hand, NYMEX WTI Crude oil price has taken support of its
rising trend line at $52.40 levels. Moreover, Momentum
indicator RSI is trading above 50 levels on hourly chart which
suggest the positive movement in the prices. For now we
expect prices to move higher towards 3750 levels in coming
trading sessions.
MCX Crude Oil (Jan) Trend: Bullish
Price potential: 3750 Reversal: 3590
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 369.5 364.6 359.3 374.8 379.7 385.0 400.4
Crude 3626 3592 3570 3648 3682 3704 3782
Base Metal
Energy
Aaj Ka Trend
28th Dec’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 369.5 364.6 359.3 374.8 379.7 385.0 400.4
Aluminum 117.3 116.8 116.4 117.7 118.2 118.6 119.9
Lead 137.5 135.8 134.0 139.3 141.0 142.8 148.0
Nickel 692.3 684.9 677.0 700.2 707.6 715.5 738.6
Zinc 170.1 168.1 166.2 172.0 174.0 175.9 181.8
Natural Gas 250.4 248.3 244.9 253.8 255.9 259.3 268.2
Fundamental News:
 Gold prices rose in Asian trade on Tuesday on light buying out of China, but trading was thin after the long
Christmas weekend, even as a firm dollar capped the gains.
 The dollar rose against the yen and euro as some investors emerged out of the holiday lull to hunt for bargains
as the market entered the last trading stretch of the year.
 The U.S. currency had climbed to a 10-month high of 118.660 yen mid-month on expectations of stronger
growth after U.S President-elect Donald Trump takes office in January. A firm dollar curbs demand for
commodities priced in the greenback by making them more expensive for holders of other currencies.
 Oil prices firmed in light trade on Tuesday as investors looked ahead to the implementation of planned output
cuts by global producers, which is due to kick in on January 1.
 OPEC members agreed to reduce output by a combined 1.2 million barrels per day starting from January 1, their
first such deal since 2008. The pact was followed by an agreement from 11 non-OPEC producers, led by Russia,
to cut their supplies by 558,000 barrels a day, bringing the total to almost 1.8 million barrels per day.
 However, some traders remain skeptical that the planned cuts will be as substantial as the market currently
expects.
 Japan's core consumer prices marked the ninth straight month of annual declines in November, data showed on
Tuesday, suggesting that the economy still lacks enough momentum to jump-start inflation toward the central
bank's ambitious 2 percent target. Hedge funds and money managers cut their net long position in COMEX gold
for a sixth straight week in the week to Dec. 20, Commodity Futures Trading Commission data showed on
Friday.
Aaj Ka Trend
28th Dec’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 1141.83
Silver 15.99
Crude Oil 53.81
Brent Crude Oil 55.96
Natural Gas 3.700
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.06
Dollar Index 102.97
EUR / USD 1.0468
CRB Index* 192.75
Closing as on 27.12.16 *Closing as on 27.12.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5469
Aluminum 1719
Zinc 2577
Lead 2073
Nickel 10410
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 45610
Aluminum 12825
Zinc 20835
Lead 18000
Closing as on 27.12.16 Closing as on 27.12.16
LME INVENTORY DATA
Aaj Ka Trend
21-Dec-16 22-Dec-16 23-Dec-16 26-Dec-16 27-Dec-16
Aluminium 25101 5025 10450 0 0
Copper -4400 -3825 -1275 0 0
Lead 25 11700 50 0 0
Nickel 95 95 -144 0 0
Zinc -25 -175 -200 0 0
28th Dec’16

5. Equities I Commodities I Currencies I Mutual Funds
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Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
28th Dec’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
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: 2016.12.28 08:57:03 +05'30'