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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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#MCX #Commodities Morning Update by IMV (03rd May 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Silver (July) has support at 73000 while resistance at 73600. Sustainable trade below 73000 will take it to 72700...72400 very soon. If it breaks and sustain the resistance level of 73600 then will take it to 73900---74200 respectively.
✒️ #Zinc (May) has support at 230 and resistance at 234 Break and sustained below 230 will see the downside move 228---226 and if sustained above 234 can see further upside towards 236…238 level.
✒️ #NaturalGas (May) support has 178 and resistance 188. Sustainable trade above 188 can see more rally towards the next level of 194, 200 and sustained below 178 then can move towards 172....166.
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JOLTS Job Openings
Actual: 9.59M
Forecast: 9.74M
Previous: 9.93M
Factory Orders m/m
Actual: 0.9%
Forecast: 1.3%
Previous: -0.7%
IMPACT : AS PER DATA IT IS POSITIVE FOR BULLION AND NEGATIVE FOR BASE METALS
7:30PM USD ZONE
JOLTS Job Openings
Actual: 9.59M
Forecast: 9.74M
Previous: 9.93M
Factory Orders m/m
Actual: 0.9%
Forecast: 1.3%
Previous: -0.7%
IMPACT : AS PER DATA IT IS POSITIVE FOR BULLION AND NEGATIVE FOR BASE METALS
#MCX #Commodities Evening Session Technical Levels by IMV (02nd May 2023) ✍️
Major #USEconomicData today evening (02nd May 2023)
07:30 PM : JOLTS Job Openings and Factory Orders m/m
✒️ Kindly follow our levels carefully. 👇🏻🤓
✒️ #Gold 🥇 has support at 59750 and resistance 60150. Break and sustain below 59750 will take it to the next support level of 59600...59450 and sustainable trade above 60150 can see further upside move towards the next resistance level of 60300…60450
✒️ #Silver (July) 🥈 has support at 74500 while resistance at 75100. Sustainable trade below 74500 will take it to 74200...73900 very soon. If it breaks and sustain the resistance level of 75100 then will take it to 75400---75700 respectively.
✒️ #Copper ⛓️ has support at 743.50 above resistance at 750 Sustainable trade above 750 will see the upside move towards 753, 756 and if sustained below 743.50 can catch the downside move towards 740.50, 737 respectively.
✒️ #Zinc 🥉 has support at 232 and resistance at 236 Break and sustained below 232 will see the downside move 230---228 and if sustained above 236 can see further upside towards 238…240 level.
✒️ #Aluminium 🪩 has support at 208 and resistance at 212 Sustainable trade below 208 can see the downside move towards 206...204 and if sustains above 212 will take it to 214, 216 very soon.
✒️ #NaturalGas ⛽ support has 187 and resistance 199. Sustainable trade above 199 can see more rally towards the next level of 205, 211 and sustained below 187 then can move towards 181....176.
✒️ #CrudeOil 🛢️ has support at 6140 and resistance at 6220. Sustainable trade below 6140 can see more downside towards 6100…6060 and if sustained above 6220 will see the upside move towards 6260…6300 levels.
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#LME Inventory for today (02nd May 2023)
#Aluminium up by 1400MT,
#Copper up by 1525MT,
#Lead up by 200MT,
#Nickel down by -18MT
#Zinc up by 4950MT.
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#MCX #Commodities Morning Update by IMV (02nd May 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 59600 and resistance 59900.Break and sustain below 59600 will take it to the next support level of 59450...59300 and sustainable trade above 59900 can see further upside move towards the next resistance level of 60050…60200
✒️ #Copper has support at 747 and resistance at 753. Sustainable trade above 753 will see the upside move towards 756, 759 and if sustained below 747 can catch the downside move towards 744, 741 respectively
✒️ #NaturalGas support has 184 and resistance 194. Sustainable trade above 194 can see more rally towards the next level of 200, 205 and if sustained below 184 then can move towards 178…172.
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MCX Commodities Evening Session Technical Support and Resistance Levels (01st May 2023)
✒️ Kindly follow our levels carefully.
✒️ Gold (June) has support at 59800 and resistance 60100. Break and sustain below 59800 will take it to the next support level of 59650...59500 and sustainable trade above 60100 can see further upside move towards the next resistance level of 60250…60400
✒️ Silver (July) has support at 76800 while resistance at 77400. Sustainable trade below 76800 will take it to 76500...76200 very soon. If it breaks and sustain the resistance level of 77400 then will take it to 77700---78000 respectively.
✒️ Copper (May) has support at 740 above resistance at 746 Sustainable trade above 746 will see the upside move towards 749, 752 and if sustained below 740 can catch the downside move towards 737, 734 respectively.
✒️ Zinc (May) has support at 234 and resistance at 238 Break and sustained below 234 will see the downside move 232---230 and if sustained above 238 can see further upside towards 240…242 level.
✒️ Aluminium (May) has support at 208 and resistance at 212 Sustainable trade below 208 can see the downside move towards 206...204 and if sustains above 212 will take it to 214, 216 very soon.
✒️ Natural Gas (May) support has 190 and resistance 202. Sustainable trade above 202 can see more rally towards the next level of 208, 214 and sustained below 190 then can move towards 184....178.
✒️ Crude Oil (May) has support at 6130 and resistance at 6210. Sustainable trade below 6130 can see more downside towards 6090…6050 and if sustained above 6210 will see the upside move towards 6250…6290 levels.
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#MCX #Commodities Evening Session Technical Levels by IMV (28th April 2023) ✍️
✒️ Kindly follow our levels carefully. 👇🏻🧐🤓
✒️ #Gold 🥇 has support at 59600 and resistance 59900. Break and sustain below 59600 will take it to the next support level of 59450...59300 and sustainable trade above 59900 can see further upside move towards the next resistance level of 60050…60200
✒️ #Silver 🥈 has support at 73600 while resistance at 74200. Sustainable trade below 73600 will take it to 73300...73000 very soon. If it breaks and sustain the resistance level of 74200 then will take it to 74500---74800 respectively.
✒️ #Copper ⛓️ has support at 740 above resistance at 746 Sustainable trade above 746 will see the upside move towards 749, 752 and if sustained below 740 can catch the downside move towards 737, 734 respectively.
✒️ #Zinc 🥉 has support at 235.50 and resistance at 239.50 Break and sustained below 235.50 will see the downside move 233.50---231 and if sustained above 239.50 can see further upside towards 241.50…243.50 level.
✒️ #Aluminium 🪩 has support at 205 and resistance at 209 Sustainable trade below 205 can see the downside move towards 203...201 and if sustains above 209 will take it to 211, 213 very soon.
✒️ #NaturalGas ⛽ support has 185 and resistance 195. Sustainable trade above 195 can see more rally towards the next level of 200, 205 and sustained below 185 then can move towards 180....175.
✒️ #CrudeOil 🛢️ has support at 6110 and resistance at 6190. Sustainable trade below 6110 can see more downside towards 6070…6030 and if sustained above 6190 will see the upside move towards 6230…6270 levels.
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#LME Inventory for today (28th April 2023)
#Aluminium up by 1900MT,
#Copper up by 1875MT,
#Lead up by 200MT,
#Nickel up by 186MT
#Zinc up by 4650MT.
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#MCX #Commodities Morning Update by IMV (28th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Silver has support at 73700 while resistance at 74300. Sustainable trade below 73700 will take it to 73400...73100 very soon. If it breaks and sustain the resistance level of 74300 then will take it to 74600---74900, respectively.
✒️ #Copper has support at 742 and resistance at 748. Sustainable trade above 748 will see the upside move towards 751, 754 and if sustained below 742 can catch the downside move towards 739, 736 respectively.
✒️ #NaturalGas support has 188 and resistance 198. Sustainable trade above 198 can see more rally towards the next level of 204, 210 and if sustained below 188 then can move towards 182…176.
Rest of the commodities morning levels send to paid subscribers. 😊
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Advance GDP q/q
Actual: 1.1%
Forecast: 2.0%
Previous: 2.6%
Unemployment Claims
Actual: 230K
Forecast: 247K
Previous: 245K
Advance GDP Price Index q/q
Actual: 4.0%
Forecast: 3.7%
Previous: 3.9%
DATA IS MIX GDP FELL BJT UNEMPLOYMENT CLAIM ALSO FELL
DATA IS NEGATIVE FOR GOLD
For more details about our Base Metals
Kindly Call Us on ☎️ +91-7065111166
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#MCX #Commodities Evening Session Technical Levels by IMV (27th April 2023) ✍️
Major #USEconomicData at today evening!
⚠️ Lots of important data at 6 PM Today, Which will directly impact Bullion as well Base Metals Prices
06:00 PM : Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q
07:30 PM : Pending Home Sales m/m
08:00 PM : Natural Gas Storage
✒️ Kindly follow our levels carefully. 👇🏻🧐
✒️ #Gold 🥇 has support at 60100 and resistance 60400. Break and sustain below 60100 will take it to the next support level of 59950...59800 and sustainable trade above 60400 can see further upside move towards the next resistance level of 60550…60700
✒️ #Silver 🥈 has support at 74100 while resistance at 74700. Sustainable trade below 74100 will take it to 73800...73500 very soon. If it breaks and sustain the resistance level of 74700 then will take it to 75000---75300 respectively.
✒️ #Copper ⛓️ has support at 731 above resistance at 737 Sustainable trade above 737 will see the upside move towards 740, 743 and if sustained below 731 can catch the downside move towards 728, 725 respectively.
✒️ #Zinc 🥉 has support at 231.50 and resistance at 235.50 Break and sustained below 231.50 will see the downside move 229.50---227 and if sustained above 235.50 can see further upside towards 237.50…239 level.
✒️ #Aluminium 🪩 has support at 203 and resistance at 207 Sustainable trade below 203 can see the downside move towards 201...199 and if sustains above 207 will take it to 209, 211 very soon.
✒️ #NaturalGas ⛽ support has 184 and resistance 196. Sustainable trade above 196 can see more rally towards the next level of 202, 208 and sustained below 184 then can move towards 178....172.
✒️ #CrudeOil 🛢️ has support at 6060 and resistance at 6140. Sustainable trade below 6060 can see more downside towards 6020…5980 and if sustained above 6140 will see the upside move towards 6180…6220 levels.
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#LME Inventory for today (27th April 2023)
Aluminium up by 2200MT
Copper up by 850MT
Lead up by 200MT
Nickel down by -504MT
Zinc up by 4975MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (27th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold (June) has support at 59900 and resistance 60250.Break and sustain below 59900 will take it to the next support level of 59750...59600 and sustainable trade above 60250 can see further upside move towards the next resistance level of 60400…60550
✒️ #Copper (May) has support at 732 and resistance at 738. Sustainable trade above 738 will see the upside move towards 741, 744 and if sustained below 732 can catch the downside move towards 735, 738 respectively.
✒️ #CrudeOil (May) has support at 6070 and resistance at 6150. Sustainable trade below 6070 can see more downside towards 6030…6000 and if sustained above 6150 will see the upside move towards 6190…6230 levels.
Rest of the commodities morning levels send to paid subscribers. 😊
Subscribe our any MCX Package to get daily morning levels complimentary 📲🤝🏻
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Crude Oil Inventories
Actual: -5.054M
Forecast: -1.486M
Previous: -4.581M
EIA Refinery Crude Runs (WoW)
Actual: -0.011M
Previous: 0.259M
Crude Oil Imports
Actual: -0.166M
Forecast: -0.300M
Previous: -1.743M
Cushing Crude Oil Inventories
Actual: 0.319M
Forecast: 0.667M
Previous: -1.088M
Distillate Fuel Production
Actual: -0.081M
Forecast: -0.045M
Previous: 0.167M
EIA Weekly Distillates Stocks
Actual: -0.576M
Forecast: -0.839M
Previous: -0.356M
Gasoline Production
Actual: 0.541M
Forecast: -0.096M
Previous: -0.343M
Heating Oil Stockpiles
Actual: 0.151M
Forecast: -0.285M
Previous: -0.260M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: 0.003
Forecast: 0.30%
Previous: 1.70%
Gasoline Inventories
Actual: -2.408M
Forecast: -0.933M
Previous: 1.300M
IMPACT: AS PER DATA FIGURE IT IS SLIGHTLY POSITIVE FOR CRUDE OIL PRICES
