Indian Market View Commodity Channel (SEBI Registered)

Tomorrow morning MCX Market is closed on the occasion of Maha Shiv Ratri 🙏 🕉️ हर हर महादेव 🙏 🕉️

Natural Gas Storage Actual: -40B Impact: NEGATIVE for NATURAL GAS Prices

Unemployment Claims (Important one) Actual Data: 217K Impact: NEUTRAL (AS EXPECTED) Revised Nonfarm Productivity q/q Actual Data: 3.2% Impact: NEGATIVE Revised Unit Labor Costs q/q Actual Data: 0.4% Impact: POSITIVE NOTE: All Impact mentioned here is for Bullion

Major US Economic Data Today (07th March 2024) 07:00 PM: Unemployment Claims (Important Data) 07:00 PM: Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q and Trade Balance (Not much important data. These data's are also at 07:00 PM) 08:30 PM : Fed Chair Powell Testifies (Important Event) 09:00 PM : Natural Gas Storage 10:00 PM : FOMC Member Mester Speech Team Indian Market View

#MCX #Commodities Evening Session Technical Levels by IMV (07th March 2024) ✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ #Silver (May) 🥈 has support at 73900 while resistance at 74500. Sustainable trade below 73900 will take it to 73600...73300 very soon. If it breaks and sustain the resistance level of 74500 then will take it to 74800---75000, respectively. ✒️ #Copper (Mar) ⛓️ has support at 733 and resistance at 739 Sustainable trade above 739 will see the upside move towards 742, 745 and if sustained below 733 can catch the downside move towards 730, 727 respectively. ✒️ #NaturalGas (Mar) ⛽ support has 156 and resistance 166. Sustainable trade above 166 can see more rally towards the next level of 171, 175.50 and if sustained below 155 then can move towards 150.10…145. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

#LME Inventory for today (07th March 2024) #Aluminium down by -1075MT, #Copper down by -50MT, #Lead up by 5425MT, #Nickel up by 12MT #Zinc up by 5825MT. Team Indian Market View

#Commodities Morning Update by IMV (07th March 2024)🇮🇳✍🏻 ✒ Kindly follow our levels carefully 🧐 ✒️ #Gold (April) has support at 65100 and resistance 65400. Break and sustain below 65100 will take it to the next support level of 64950...64800 and sustainable trade above 65400 can see further upside move towards the next resistance level of 65540…65680 ✒️ #Zinc (Mar) has support at 217 and resistance at 221 Break and sustained below 217 will see the downside move 215---213 and if sustained above 221 can see further upside towards 223…225 levels. ✒️ #CrudeOil (Mar) has support at 6500 and resistance at 6600. Sustainable trade below 6500 can see more downside toward 6460…6420 and if sustained above 6600 will see the upside move towards 6640…6680 levels. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Positive for Crude Oil

JOLTS Job Openings Actual: 8.86M Impact: SLIGHTLY NEGATIVE for Bullion

Data came less than FORECAST But more than Previous So it might be Slightly positive for Bullion. Else same dull movement will continue till FED Chairman speech

ADP Non-Farm Employment Change Previous: 107K Forecast: 149K Actual: 140K Impact: NEGATIVE for Bullion

#MCX #Commodities Evening Session Technical Levels 🧐 by IMV (06th March 2024) ✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ #Gold (Apr) 🥇 has support at 64590 and resistance 64890. Break and sustain below 64590 will take it to the next support level of 64460...64310 and sustainable trade above 64890 can see further upside move towards the next resistance level of 65040…65190 ✒️ #Zinc (Mar) 🥉 has support at 216.40 and resistance at 220.40 Break and sustained below 216.40 will see the downside move 214.40---212.60 and if sustained above 220.40 can see further upside towards 222.40…224.40 levels. ✒️ #CrudeOil (Mar) 🛢️ has support at 6480 and resistance at 6580. Sustainable trade below 6480 can see more downside toward 6440…6400 and if sustained above 6580 will see the upside move towards 6620…6660 levels. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Major US Economic Data Today Evening (06th March 2024) 06:45 PM : ADP Non-Farm Employment Change 08:00 PM : Fed Chair Powell Testifies and JOLTS Job Openings 09:00 PM ; Crude Oil Inventories

#LME Inventory for today (06th March 2024) #Aluminium down by -1300MT, #Copper down by -300MT, #Lead up by 4050MT, #Nickel up by 192MT #Zinc up by 7900MT. Team Indian Market View

#Commodities Morning Update by IMV (06th March 2024)🇮🇳✍🏻 ✒ Kindly follow our levels carefully 🧐 ✒️ #Silver (May) has support at 72800 while resistance at 73400. Sustainable trade below 72800 will take it to 72500...72200 very soon. If it breaks and sustain the resistance level of 73400 then will take it to 73700---74000, respectively. ✒️ #Copper (Mar) has support at 723.20 and resistance at 729.20 Sustainable trade above 729.20 will see the upside move towards 732, 735 and if sustained below 723.20 can catch the downside move towards 720.50, 718 respectively. ✒️ #NaturalGas (Mar) support has 156 and resistance 166. Sustainable trade above 166 can see more rally towards the next level of 172, 176 and if sustained below 156 then can move towards 151…145. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

ISM Services PMI Actual: 52.60 Impact: POSITIVE Factory Orders m/m Actual: -3.60% Impact: POSITIVE NOTE: All Impact mentioned here is for Bullion (Gold and Silver

FINAL SERVICES PMI Previous: 51.30 Forecast: 51.40 Actual: 52.30 IMPACT: NEGATIVE for Bullions

#MCX #Commodities Evening Session Technical Levels 🧐 by IMV (05th March 2024) ✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ #Silver (May) 🥈 has support at 73550 while resistance at 74100. Sustainable trade below 73550 will take it to 73300...73000 very soon. If it breaks and sustain the resistance level of 74100 then will take it to 74400---74700, respectively. ✒️ #Copper (Mar) ⛓️ has support at 727 and resistance at 733 Sustainable trade above 733 will see the upside move towards 736, 739 and if sustained below 727 can catch the downside move towards 724, 721 respectively. ✒️ #NaturalGas (Mar) ⛽ support has 156 and resistance 166. Sustainable trade above 166 can see more rally towards the next level of 171, 176 and if sustained below 156 then can move towards 151…147. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Major US Economic Data Today (05th March 2024) 08:15 PM : Final Services PMI 08:30 PM : ISM Services PMI and Factory Orders m/m