The document provides a technical analysis of gold, silver, copper, and crude oil commodity prices on the MCX and COMEX exchanges. For gold, the analysis indicates prices are in a falling channel and shows support at 28300 levels. For silver, prices are expected to rise to 41600 levels supported by a bullish harmonic pattern. Copper prices are forecast to fall to 380 levels due to a breakdown formation. Crude oil is predicted to decline to 3030 levels following a head and shoulders breakdown pattern.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices are trading in a Falling
channel Formation. Moreover, MCX Gold prices are trading
below its 50 HEMA which suggest short term trend remains
down. Moreover, Momentum Indicator RSI is trading below 50
levels on hourly time frame which indicates negative
momentum to the prices. For now we expect prices should
move lower towards 28300 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Dec Daily Chart CMP: 28759
MCX Gold (Dec) Trend: Bearish
Price potential: 28300 Reversal: 28890
MCX Silver Dec Daily Chart CMP: 40944
Technical View:
On hourly chart, MCX Silver prices are trading of its Falling
Channel formation at 40600 levels. Furthermore, on COMEX
Silver Prices has completed Bullish White Swan Harmonic
pattern at $16.30 levels. In Addition, MCX Silver prices are
trading above its 05 HEMA on hourly time frame which
indicates positive momentum to the prices. For now we
expect prices to move higher towards 41600 levels in few
trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 41600 Reversal: 40350
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28702 28505 28313 28697 28813 28889 29081
Silver 40241 39810 39075 40545 40976 41280 42015
30th Nov’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart, MCX Copper price has given breakdown of
its Broadening Top formation at 394.10. Moreover, COMEX
Copper prices has breached its Horizontal trend line at
$2.61 levels on hourly chart. In addition MCX Copper prices
are trading below its 21 HEMA. Furthermore, momentum
indicator RSI is trading below 30 levels on hourly time
frame. For now we expect prices to move lower towards
380 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov Daily Chart CMP: 392.85
MCX Copper (Nov) Trend: Bearish
Price potential: 380 Reversal: 400
MCX Crude Oil Dec. Daily Chart CMP: 3113
Technical View:
MCX Crude Oil prices have witnessed breakdown of its Head
& Shoulder Pattern at 3116 in hourly time frame. MCX Crude
Oil is trading below its 50 HEMA on hourly chart. In addition,
NYMEX Crude Oil has formed Rounding top pattern in hourly
time frame. Moreover, Momentum indicator RSI is trading
below 40 levels on hourly chart which suggest the negative
movement in the prices. For now we expect prices to move
lower 3030 towards levels in coming trading sessions.
MCX Crude Oil (Dec) Trend: Bearish
Price potential: 3030 Reversal: 3180
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 394.0 387.3 378.7 396.0 402.6 404.6 413.3
Crude 3159 3065 2923 3207 3301 3349 3491
Base Metal
Energy
Aaj Ka Trend
30th Nov’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 394.0 387.3 378.7 396.0 402.6 404.6 413.3
Aluminum 117.3 116.0 113.8 118.2 119.5 120.4 122.6
Lead 162.2 157.5 148.9 166.1 170.7 174.6 183.2
Nickel 766.5 745.4 715.1 775.7 796.8 806.0 836.3
Zinc 187.4 182.4 172.8 192.1 197.1 201.7 211.4
Natural Gas 226.3 222.4 215.2 229.6 233.5 236.8 244.0
Fundamental News:
 Gold prices slipped on Tuesday as the dollar stabilized after falls in the previous session as investors turned their
attention to upcoming U.S. economic reports and Wednesday’s OPEC meeting.
 Gold prices rose more than 1% on Monday, rebounding from nine-and-a-half month lows as the dollar reversed
some of its post U.S. election gains after surging to almost 14-year highs last week.
 Time for OPEC and non-OPEC meeting to discuss global oil production deal is still being discussed, Russian
Energy Ministry spokeswoman told Reuters on Tuesday.
 Oil prices fell more than 1% on Tuesday, pressured lower by growing doubts that the Organization of the
Petroleum Exporting Countries will be able to reach an agreement on a deal to limit output.
 Oil fell over 1% Tuesday as doubts about OPEC's ability to deliver a planned cut in output grew.
 Crude prices fell in Asia on Tuesday as wrangling by OPEC members over the details of a proposed output curb
continues.
 Oil prices jumped in choppy trade on Monday after Iraq’s oil minister said he was “optimistic” that Wednesday’s
crunch OPEC meeting will yield an agreement on output cuts.
 Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to
hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply
overhang and propping up prices.
 The dollar extended gains against the other majors currencies on Tuesday, boosted by the release of upbeat
U.S. economic growth data.
Aaj Ka Trend
30th Nov’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 1194
Silver 16.74
Crude Oil 45.44
Brent Crude Oil 47.55
Natural Gas 3.34
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.71
Dollar Index 101.03
EUR / USD 1.06
CRB Index* 183.97
Closing as on 29.11.16 *Closing as on 29.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5720
Aluminum 1730
Zinc 2780
Lead 2340
Nickel 11280
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 4710
Aluminum 13720
Zinc 23440
Lead 21020
Closing as on 29.11.16 Closing as on 29.11.16
LME INVENTORY DATA
Aaj Ka Trend
23-Nov-16 24-Nov-16 25-Nov-16 28-Nov-16 29-Nov-16
Aluminium -7801 899 -5451 26524 -3226
Copper -2874 -3526 1324 -2951 1224
Lead 0 0 0 0 0
Nickel 468 -223 -6 -715 44
Zinc -451 -1274 -226 -224 -175
30th Nov’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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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
30th Nov’16
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Amit Pathania
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Department, email=amit.pathania@choiceindia.com, c=IN
Date: 2016.11.30 08:11:29 +05'30'