#ChoiceBroking #Aajkatrend - Bullions: MCX Gold Oct Hourly Chart CMP: 30949

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices have witnessed breakdown Symmetrical
triangle formation at 30926 levels on hourly time frame. On
the other hand, prices have been trading below 20 HEMA on
hourly chart. Looking at ADX, negative directional index (-DMI)
is in domination position with rising average direction index.
Moreover, Momentum Indicator RSI is trading below 40 levels
on hourly time frame. For now we expect prices should move
lower towards 30550 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: 30949
MCX Gold (Oct) Trend: Bearish
Price potential: 30550 Reversal:31000
MCX Silver Dec Hourly Chart CMP: 45616
Technical View:
MCX Silver prices continued to trade lower after witnessing
breakdown of its channel pattern. Furthermore, MCX Silver
prices are trading below its 20 HEMA on hourly time frame. In
addition on COMEX silver prices have completed Bearish shark
harmonic pattern at $20.14 levels on hourly chart. Moreover,
Momentum indicator RSI is trading above 50 levels on hourly
basis. For now we expect prices to move lower towards
44800 levels in few trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 44800 Reversal: 45850
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 30850 30772 30599 30945 31023 31118 31291
Silver 45211 44989 44523 45455 45677 45921 46387
29th Sept’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper has witnessed breakdown of
Rising channel formation at 324 levels on hourly time
frame. Furthermore, Counter is trading below its 50 HEMA
on hourly chart. Moreover, momentum indicator MACD has
observed negative crossover on hourly time frame. In
addition, Momentum indicator RSI is trading below 50
levels on hourly basis. For now we expect prices to move
lower towards 316 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 324.45
MCX Copper (Nov) Trend: Bearish
Price potential: 316 Reversal: 328
MCX Crude Oil Oct. Hourly Chart CMP: 3067
Technical View:
MCX Crude Oil prices are trading in a falling channel
formation on hourly time frame. Furthermore, Counter is
trading below its 20 HEMA on hourly chart. Looking at ADX,
negative directional index (-DMI) is in domination position
with rising average direction index. Moreover, Momentum
indicator RSI is hovering near 50 levels on hourly basis. For
now we expect prices to move lower towards 2945 levels in
coming trading sessions.
MCX Crude Oil (Oct) Trend: Bearish
Price potential: 2945 Reversal: 3070
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 322.4 320.7 317.7 323.7 325.4 326.7 329.7
Crude 2953 2912 2820 3004 3045 3096 3188
Base Metal
Energy
Aaj Ka Trend
29th 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 322.4 320.7 317.7 323.7 325.4 326.7 329.7
Aluminum 109.0 108.3 107.1 109.5 110.2 110.7 111.9
Lead 130.8 128.7 125.6 131.9 133.9 135.0 138.2
Nickel 700.5 693.8 682.1 705.5 712.2 717.2 728.9
Zinc 153.5 152.3 150.4 154.3 155.5 156.2 158.2
Natural Gas 195.3 193.2 187.3 199.1 201.2 205.0 210.9
Fundamental News:
 Gold prices were mostly steady in early Asia on Wednesday as investors navigated a mix of U.S. interest rate and
presidential election views, prospects for an OPEC output freeze and an upbeat U.S. survey on consumer
confidence.
 Gold prices trimmed overnight losses during North America's session on Wednesday, but remained in negative
territory as market players looked ahead to a handful of Federal Reserve speeches that may offer clues on the
timing of future rate hikes.
 Islamic State militants no longer control any oil wells in Iraq after being ousted by government forces last week
from an area near Kirkuk, the oil ministry said on Wednesday.
 Oil prices rose nearly 2 percent on speculation OPEC members gathered in Algeria could lay the foundation on
Wednesday for a production-limiting deal in November, and on the possibility of another draw in U.S. crude
stockpiles.
 Oil prices extended gains in North American hours on Wednesday, rising to the strongest levels of the session
after data showed that crude supplies in the U.S. fell for the fourth week in a row.
 U.S. crude stocks unexpectedly fell in the latest week, official data showed Wednesday.
 OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader
Saudi Arabia force Riyadh to cede more ground to arch-rival Iran.
 U.S. natural gas futures fell to the lowest level in almost two weeks on Wednesday, 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
29th 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 1328.55
Silver 19.33
Crude Oil 47.10
Brent Crude Oil 49.10
Natural Gas 3.03
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.41
Dollar Index 95.38
EUR / USD 1.12
CRB Index* 185.90
Closing as on 28.09.16 *Closing as on 28.09.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4833
Aluminum 1653
Zinc 2350
Lead 2011
Nickel 10783
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37550
Aluminum 12450
Zinc 17480
Lead 13550
Closing as on 28.09.16 Closing as on 28.09.16
LME INVENTORY DATA
Aaj Ka Trend
22-Sept-16 23-Sept-16 26-Sept-16 27-Sept-16 28-Sept-16
Aluminium -8150 -6700 -10701 -10175 7776
Copper -1750 10825 7252 7350 -2402
Lead -200 -25 250 250 -251
Nickel 120 -1686 -854 -504 25
Zinc -300 -1200 -648 -525 -827
29th Sept’16

5. Equities I Commodities I Currencies I Mutual Funds
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
29th Sept’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: 2016.09.29 08:30:26 +05'30'