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Indian Market View Commodity Channel (SEBI Registered)

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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US Data Update Average Hourly Earnings m/m Actual Figure: 0.20% Impact: SLIGHTLY POSITIVE Non-Farm Employment Change Actual Figure: 336K Impact: HIGHLY NEGATIVE Unemployment Rate Actual Figure: 3.8% Impact: POSITIVE All impact mentioned here is for Bullion Team Indian Market View

All eyes on 6 PM Data
All eyes on 6 PM Data

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (06th Oct 2023) ✍️ 🇺🇸 Major US Data in the evening session Today we have 3 datas in the evening and all 3 are important ones which will directly impact GOLD and SILVER prices. 06:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate 👉 All 3 data at same time so volatality might be high. ✒️ Kindly follow our levels carefully. 👇🏻🤓 ✒️ Gold 🥇 has support at 56550 and resistance 56850. Break and sustain below 56550 will take it to the next support level of 56400...56250 and sustainable trade above 56850 can see further upside move towards the next resistance level of 57000…57150 ✒️ Copper ⛓️ has support at 700 and resistance at 706 Sustainable trade above 706 will see the upside move towards 709, 712 and if sustained below 700 can catch the downside move towards 697, 694 respectively. ✒️ Crude Oil 🛢️ has support at 6850 and resistance at 6930. Sustainable trade below 6850 can see more downside towards 6810…6770 and if sustained above 6930 will see the upside move towards 6970…7010 levels. 👉 Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

LME Inventory for today!(06 Oct 2023) Aluminium up by 15875MT, Copper up by 275MT, Lead up by 750MT, Nickel up by 720MT Zinc down by -700MT. Team Indian Market View

🌞 Commodities 🪙 Morning Update by IMV (06th Oct 2023) 🇮🇳✍🏻 ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Silver has support at 66700 while resistance at 67300. Sustainable trade below 66700 will take it to 66400...66100 very soon. If it breaks and sustain the resistance level of 67300 then will take it to 67600---67900, respectively. ✒️ 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. ✒️ Natural Gas support has 258 and resistance 270. Sustainable trade above 270 can see more rally towards the next level of 275, 280 and if sustained below 258 then can move towards 252…247. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Natural Gas Storage ⛽⛽🔥🔥 Previous: 90B Forecast: 97B Actual: 86B Impact: POSITIVE for NATURAL GAS

Unemployment Claims Previous: 204K Forecast: 211K Actual: 207K Impact: SLIGHTLY NEGATIVE for Bullion Trade Balance Previous: -65.0B Forecast: -60.5B Actual: -58.30 Impact: SLIGHTLY NEGATIVE for Bullion Team Indian Market View

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (05th Oct 2023) ✍️ ✒️ Kindly follow our levels carefully. 👇🏻🤓 ✒️ Gold 🥇 has support at 56600 and resistance 56900. Break and sustain below 56600 will take it to the next support level of 56450...56300 and sustainable trade above 56900 can see further upside move towards the next resistance level of 57050…57200 ✒️ 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. ✒️ **Natural Gas* ⛽ support has 243 and resistance 253. Sustainable trade above 253 can see more rally towards the next level of 258, 263 and if sustained below 243 then can move towards 238…233. 👉 Rest Silver, Copper, Aluminium and Crude oil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Major US Economic Data for today 06:00 PM : Unemployment Claims and Trade Balance 08:00 PM : Natural Gas Storage

For more details Call us on: +91-7065111166 OR WhatsApp us on: https://wa.link/c1bmww Team Indian Market View
For more details Call us on: +91-7065111166 OR WhatsApp us on: https://wa.link/c1bmww Team Indian Market View

LME Inventory for today! (05th OCT 2023) Aluminium up by 17075MT Copper up by 1475MT Lead up by 4700MT Nickel up by 180MT Zinc down by -650MT Team Indian Market View

🌞 Commodities 🪙 Morning Update by IMV (05th Oct 2023) 🇮🇳✍🏻 ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Gold has support at 56700 and resistance 57000. Break and sustain below 56700 will take it to the next support level of 56550...56400 and sustainable trade above 57000 can see further upside move towards the next resistance level of 57150…57300 ✒️ Copper has support at 698 and resistance at 704 Sustainable trade above 704 will see the upside move towards 707, 710 and if sustained below 698 can catch the downside move towards 695, 692 respectively. ✒️ Crude Oil has support at 7020 and resistance at 7120. Sustainable trade below 7020 can see more downside towards 6980…6940 and if sustained above 7120 will see the upside move towards 7160…7200 levels. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Impact - As per actual data figure it is Positive for CRUDE OIL Priceas
Impact - As per actual data figure it is Positive for CRUDE OIL Priceas

ISM Services PMI Previous: 54.50 Forecast: 53.50 Actual: 53.60 As per actual data figure it is NEUTRAL for Bullion

Final Services PMI Previous: 50.20 Forecast: 50.20 Actual: 50.1 As per actual data figure it is SLIGHTLY POSITIVE for Bullion

ADP Non-Farm Employment Change Previous: 177K Forecast: 154K Actual: 89K As per actual data figure it is POSITIVE for Bullion

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (04th Oct 2023) ✍️ ✒️ Kindly follow our levels carefully. 👇🏻🤓 ✒️ Gold 🥇 has support at 56700 and resistance 57000. Break and sustain below 56700 will take it to the next support level of 56550...56400 and sustainable trade above 57000 can see further upside move towards the next resistance level of 57150…57300 ✒️ Copper ⛓️ has support at 701 and resistance at 707 Sustainable trade above 707 will see the upside move towards 710, 713 and if sustained below 701 can catch the downside move towards 698, 695 respectively. ✒️ Crude Oil 🛢️ has support at 7280 and resistance at 7390. Sustainable trade below 7280 can see more downside towards 7250…7210 and if sustained above 7390 will see the upside move towards 7430…7470 levels. 👉 Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Major US Economic Data Today All Day : OPEC-JMMC Meetings (ALL DAY) 05:45 PM : ADP Non-Farm Employment Change 07:30 PM : ISM Services PMI 07:55 PM : FOMC Member Bowman Speaks 08:00 PM : Crude Oil Inventories Team Indian Market View

LME Inventory for today (04th Oct 2023) Aluminium up by 17075MT, Copper down by -175MT, Lead up by 275MT, Nickel up by 318MT Zinc down by -675MT. Team Indian Market View

🌞 Commodities 🪙 Morning Update by IMV (04th Oct 2023) 🇮🇳✍🏻 ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Silver has support at 66700 while resistance at 67300. Sustainable trade below 66700 will take it to 66400...66100 very soon. If it breaks and sustain the resistance level of 67300 then will take it to 67600---67900, respectively. ✒️ Zinc has support at 221 and resistance at 225 Break and sustained below 221 will see the downside move 219---217 and if sustained above 225 can see further upside towards 227…229 levels. ✒️ Natural Gas support has 240 and resistance 250. Sustainable trade above 250 can see more rally towards the next level of 255, 260 and if sustained below 240 then can move towards 235…230. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com