Indian Market View Commodity Channel (SEBI Registered)
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Official Channel of Indian Market View for Commodities. SEBI Reg. Research Analyst INH000010371 All opinions & views shared here are for Educational Purpose. Kindly consult your financial advisor. Call: 8744868888 www.indianmarketview.com
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Average Hourly Earnings m/m
ACTUAL: 0.2%
IMPACT: POSITIVE
Unemployment Rate (Oct)
ACTUAL: 3.9%
IMPACT: POSITIVE
Nonfarm Payrolls (Oct)
ACTUAL: 150K
IMPACT: POSITIVE
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (03rd Nov 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today Evening
06:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate
07:15 PM : Final Services PMI
07:30 PM : ISM Services PMI
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Gold 🥇 has support at 60850 and resistance 61150. Break and sustain below 60850 will take it to the next support level of 60700...60550 and sustainable trade above 61150 can see further upside move towards the next resistance level of 61300…61450
✒️ Zinc 🥉 has support at 220 and resistance at 224 Break and sustained below 220 will see the downside move 218---216 and if sustained above 224 can see further upside towards 226…228 levels.
✒️ Crude Oil 🛢️ has support at 6820 and resistance at 6910. Sustainable trade below 6820 can see more downside towards 6780…6740 and if sustained above 6910 will see the upside move towards 6950…6990 levels.
👉 Rest Silver,Copper, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (03rd Nov 2023)
Aluminium down by -1525MT
Copper up by 9775MT
Lead up by 1025MT
Nickel down by -960MT
Zinc up by 1400MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (03rd Nov 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver has support at 71000 while resistance at 71500. Sustainable trade below 71000 will take it to 70700...70400 very soon. If it breaks and sustain the resistance level of 71500 then will take it to 71800---72100, respectively.
✒️ Copper has support at 708.50 and resistance at 714.50 Sustainable trade above 714.50 will see the upside move towards 717.50, 720.50 and if sustained below 708.50 can catch the downside move towards 705.50, 702.50 respectively.
✒️ Natural Gas support has 287 and resistance 297. Sustainable trade above 297 can see more rally towards the next level of 302, 307 and if sustained below 287 then can move towards 282…277.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
NATURAL GAS STORAGE
ACTUAL DATA: 79B
IMAPCT: SLIGHTLY POSITIVE FOR NATURAL GAS
Factory Orders m/m
ACTUAL DATA 2.8%
IMPACT: NEGATIVE FOR BULLION
Unemployment Claims
ACTUAL DATA: 217K
IMPACT: POSITIVE
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Prelim Nonfarm Productivity q/q
ACTUAL DATA: 4.7%
IMPACT: NEGATIVE
----------
Prelim Unit Labor Costs q/q
ACTUAL DATA: -0.8%
IMPACT: POSITIVE
Team Indian Market View
Unemployment Claims
ACTUAL DATA: 217K
IMPACT: NEGATIVE
-----------
Prelim Nonfarm Productivity q/q
ACTUAL DATA: 4.7%
IMPACT: NEGATIVE
All impact mentioned here is for bullion
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (02nd Nov 2023)** ✍️
✒️ Kindly follow our levels carefully. 🤓👇🏻
✒️ Silver 🥈 has support at 71700 while resistance at 72300. Sustainable trade below 71700 will take it to 71400...71100 very soon. If it breaks and sustain the resistance level of 72300 then will take it to 72600---72900, respectively.
✒️ Copper ⛓️ has support at 706 and resistance at 712 Sustainable trade above 712 will see the upside move towards 715, 718 and if sustained below 706 can catch the downside move towards 703, 700 respectively.
✒️ Crude Oil 🛢️ has support at 6770 and resistance at 6850. Sustainable trade below 6770 can see more downside towards 6730…6690 and if sustained above 6850 will see the upside move towards 6890…6930 levels.
👉 Rest Gold,Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Today (02nd Nov 2023) Evening Major US Economic Data
06:00 PM : Unemployment Claims, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q
07:30 PM : Factory Orders m/m
08:00 PM : Natural Gas Storage
Dear Friends
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We send this exclusive cancelled warrants details only to our Report Subscribers
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Team Indian Market View
LME Inventory and Cancelled Warrants for today (02nd Nov 2023)
🌞 Commodities 🪙 Morning Update by IMV (02nd Nov 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Gold has support at 60700 and resistance 61000. Break and sustain below 60700 will take it to the next support level of 60550...60400 and sustainable trade above 61000 can see further upside move towards the next resistance level of 61150…61300
✒️ Zinc has support at 221.80 and resistance at 225.80 Break and sustained below 221.80 will see the downside move 220---218 and if sustained above 225.80 can see further upside towards 227.80…229.80 levels.
✒️ Crude Oil has support at 6730 and resistance at 6830. Sustainable trade below 6730 can see more downside toward 6690…6650 and if sustained above 6830 will see the upside move towards 6870…6910 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
As expected interest rate not changed and kept the same at 5.50%
FEDERAL FUND RATE DECISION
Previous: 5.50%
Forecast: 5.50%
Actual: ??
Actual data will come at 11.30 PM
