Indian Market View Commodity Channel (SEBI Registered)

LME Inventory for today (3rd May 2024) Aluminium down by -1375MT Copper down by -3975MT Lead down by -250MT Nickel up by 1098MT Zinc up by 625MT Team Indian Market View

Cash Stock Recommendation (Short Term Holding) Buy West Coast Paper Around 670 Target 750 SL below 630 (Please read Disclaimer before trading / investing)

🌞 Commodities 🪙 Morning Update by IMV (3rd May 2024)🇮🇳✍🏻 **✒ Kindly follow our levels carefully 🧐 ✒️ Gold (June)🥇 has support at 70450 and resistance 70750. Break and sustain below 70450 will take it to the next support level of 70300...70150 and sustainable trade above 70750 can see further upside move towards the next resistance level of 70900…71050 ✒️ Copper (May)⛓️ has support at 843.50 and resistance at 849.50 Sustainable trade above 849.50 will see the upside move towards 852, 855 and if sustained below 843.50 can catch the downside move towards 840.50, 838 respectively. ✒️ Crude Oil (May)🛢️ has support at 6570 and resistance at 6650. Sustainable trade below 6570 can see more downside toward 6530…6490 and if sustained above 6650 will see the upside move towards 6690…6730 levels. Rest of the commodities levels send to our Levels Package Subscribers Join our Premium Levels Package at affordable price. For details call us on 7065111166

Natural Gas Storage Previous: 92B Forecast: 68B Actual: 59B IMPACT: POSITIVE for Natuaral Gas Prices

Unemployment Claims Actual Data: 208K Impact: Negative for Bullion Prelim Nonfarm Productivity q/q Actual Data: 0.3% Impact: Positive for Bullion Prelim Unit Labor Costs q/q Actual Data: 0.3% Impact: Negative for Bullion OVERALL MIX DATA BUT MAIN DATA IMPACT IS NEGATIVE

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (02 May 2024)✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ Silver (July)🥈 has support at 80300 while resistance at 80900. Sustainable trade below 80300 will take it to 80000...79700 very soon. If it breaks and sustain the resistance level of 80900 then will take it to 81200---81500, respectively. **✒️ Zinc (May)🥉**has support at 252.60 and resistance at 256.40 Break and sustained below 252.60 will see the downside move 250.60---248.60 and if sustained above 256.40 can see further upside towards 258.40…260.40 levels. ✒️ Crude Oil (May)🛢️ has support at 6610 and resistance at 6690. Sustainable trade below 6610 can see more downside toward 6570…6530 and if sustained above 6690 will see the upside move towards 6730…6770 levels. Rest of the commodities levels send to our Levels Package Subscribers Join our Premium Levels Package at affordable price. For details call us on 7065111166

🌞 Commodities 🪙 Morning Update by IMV (2nd May 2024)🇮🇳✍🏻 ✒ Kindly follow our levels carefully 🧐 ✒️ Silver (July)🥈 has support at 81000 while resistance at 81600. Sustainable trade below 81000 will take it to 80700...80400 very soon. If it breaks and sustain the resistance level of 81600 then will take it to 81900---82200, respectively. ✒️ Copper (May)⛓️ has support at 855 and resistance at 860 Sustainable trade above 860 will see the upside move towards 862.50, 865 and if sustained below 855 can catch the downside move towards 852.50, 850 respectively. ✒️ Crude Oil (May)🛢️ has support at 6600 and resistance at 6690. Sustainable trade below 6600 can see more downside toward 6560…6520 and if sustained above 6690 will see the upside move towards 6730…6770 levels. Rest of the commodities levels send to our Levels Package Subscribers Join our Premium Levels Package at affordable price. For details call us on 7065111166

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Data negative for Crude Oil

ISM Manufacturing PMI Actual Data: 49.20 Impact: POSITIVE JOLTS Job Openings Actual Data: 8.488 Impact: POSITIVE ISM Manufacturing Prices Actual Data: 60.90 Impact: NEGATIVE Construction Spending m/m Actual Data: -0.2% Impact: POSITIVE NOTE: All impact mentioned here is for Gold and Silver

Data is kind of Neutral

Final Manufacturing PMI Previous: 49.90 Forecast: 49.90 Actual: 50 Impact: NEGATIVE for Bullion

ADP Non-Farm Employment Change Previous: 184K Forecast: 179K Actual: 192K Impact: NEGATIVE for Bullion

Evening Session MCX Commodities Levels (01/05/2024) ✒️ Kindly follow our levels carefully. ✒️ Gold (June) has support at 70350 and resistance 70650. Break and sustain below 70350 will take it to the next support level of 70200...70050 and sustainable trade above 70650 can see further upside move towards the next resistance level of 70800…70950 ✒️ Copper (May) has support at 853.50 and resistance at 859.50 Sustainable trade above 859.50 will see the upside move towards 862.50, 865 and if sustained below 853.50 can catch the downside move towards 851, 848.50 respectively. ✒️ Crude Oil (May) has support at 6700 and resistance at 6800. Sustainable trade below 6700 can see more downside toward 6660…6620 and if sustained above 6800 will see the upside move towards 6840…6880 levels Rest of the commodities levels + evening data analysis send to 'Premium Levels Subscribers'.

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