The document provides a technical analysis of various commodities, including gold, silver, copper, crude oil, and natural gas. It indicates that gold, silver, copper, and natural gas are in a bearish trend and expected to move lower in the near term, while crude oil is in a bullish trend and expected to rise. Specific support and resistance price levels are given. The analysis also includes commentary on commodity inventory levels and fundamentals such as global economic news.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
After observing breakdown of its Symmetrical Triangle prices
witnessed pullback in yesterdays trading sessions. On the
other hand, prices have been trading below 50 HEMA on
hourly time frame. In addition, -DMI indicator is trading above
25 levels which indicates downtrend could travel further.
Moreover, Momentum Indicator RSI is trading below 40 levels
on hourly time frame. For now we expect prices should move
lower towards 30620 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: 31010
MCX Gold (Oct) Trend: Bearish
Price potential: 30620 Reversal:31210
MCX Silver Sept Hourly Chart CMP: 44015
Technical View:
MCX Silver prices are trading in a Lower Low Lower High
formation on hourly chart. In addition, -DMI indicator is
trading above 25 levels which indicates downtrend could
travel further. Furthermore, MCX Silver prices are trading
below its 50 HEMA on hourly time frame. Moreover,
Momentum Indicator RSI is trading below 30 level on hourly
time frame. For now we expect prices to move lower towards
43350 levels in few trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 43350 Reversal: 44400
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30840 30651 30222 31080 31269 31509 31938
Silver 43505 43048 41982 44114 44571 45180 46246
29th Aug’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper continued to trade lower in yesterdays volatile
trading session. Furthermore, -DMI indicator is trading
above 25 levels which indicates downtrend could travel
further. Moreover, MCX Copper is trading below its 50
HEMA on hourly chart. On the other hand, momentum
indicator RSI is trading below 40 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
MCX Copper (Aug) Trend: Bearish
Price potential: 300 Reversal: 313
MCX Crude Oil Sept. Hourly Chart CMP: 3180
Technical View:
MCX Crude Oil witnessed breakout of its Triangle formation
at 3195 levels on hourly basis. In Addition, NYMEX Crude Oil
has observed breakout of its consolidation range at $47.52
levels on hourly time frame. Moreover MCX Crude oil is
trading above its super trend indicator on hourly basis.
Counter is trading above its 50 HEMA on Hourly time frame.
Moreover, Momentum indicator RSI is trading below 40
levels on hourly chart. For now we expect prices to move
higher towards 3255 levels in coming trading sessions.
MCX Crude Oil (Sept) Trend: Bullish
Price potential: 3255 Reversal: 3130
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 305.9 304.4 300.7 308.1 309.6 311.8 315.5
Crude 3146 3105 3013 3197 3238 3289 3381
Base Metal
Energy
Aaj Ka Trend
29th 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 305.9 304.4 300.7 308.1 309.6 311.8 315.5
Aluminum 108.9 108.4 107.3 109.5 110.0 110.6 111.7
Lead 124.1 123.4 121.7 125.0 125.8 126.7 128.3
Nickel 650.9 646.7 636.0 657.4 661.6 668.1 678.8
Zinc 154.5 153.9 152.4 155.3 156.0 156.8 158.2
Natural Gas 192.1 188.7 183.4 194.0 197.4 199.3 204.6
Fundamental News:
 Gold traded narrowly in Asia on Friday with the market treading water ahead of views from the U.S. Fed chief
later in the day expected to set the tone.
 Gold prices edged higher in European hours on Friday, 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 in the session.
 Gold prices ticked higher on Friday as the dollar dipped following a slight downward revision to U.S. second
quarter economic growth, but investors remained wary ahead of a key speech by Federal Reserve Chair Janet
Yellen later in the day.
 Crude oil prices fell further in Asia on Friday in subdued trade ahead of the latest count of U.S. rigs in
production from Baker Hughes.
 Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.
 Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.
 The dollar edged lower against the other major currencies on Friday after U.S. second quarter growth was
revised down slightly, as traders remained cautious ahead of a key speech by Federal Reserve Chair Janet Yellen
later in the day.
 The dollar initially popped higher before turning lower against the other major currencies on Friday after
Federal Reserve Chair Janet Yellen said the case for U.S. interest rate hikes has “strengthened”.
Aaj Ka Trend
29th 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 1324.35
Silver 18.62
Crude Oil 47.33
Brent Crude Oil 49.69
Natural Gas 2.854
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.13
Dollar Index 95.48
EUR / USD 1.1195
CRB Index* 186.11
Closing as on 26.08.16 *Closing as on 26.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4605
Aluminum 1629
Zinc 2329
Lead 1864
Nickel 9923
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36950
Aluminum 12100
Zinc 16950
Lead 13350
Closing as on 26.08.16 Closing as on 26.08.16
LME INVENTORY DATA
Aaj Ka Trend
22-Aug-16 23-Aug-16 24-Aug-16 25-Aug-16 26-Aug-16
Aluminium -3500 -7025 24570 -7100 -7426
Copper 18750 10700 14626 -2800 7701
Lead -875 -250 -252 -100 -76
Nickel 180 144 -340 -60 -1850
Zinc -675 -100 177 -1175 -901
29th Aug’16

5. Equities I Commodities I Currencies I Mutual Funds
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation
for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone
and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We
have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of
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
obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty
and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form
and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The
recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the
recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution,
modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a
solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance
does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against
the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock
/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
Disclaimer
Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
29th Aug’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
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: 2016.08.27 14:58:47 +05'30'