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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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šŸ“¢ Dear All Upcoming week's (11th to 18th Dec 2023) 'Commodity Weekly Levels' report published. Buy your copy now! Price Just
šŸ“¢ Dear All Upcoming week's (11th to 18th Dec 2023) 'Commodity Weekly Levels' report published. Buy your copy now! Price Just Rs 250+GST Use below payment link to make payment šŸ‘‡šŸ‘‡ rpy.club/lm/zWI4CIYvQf (This report is in ENGLISH and ą¤¹ą¤æą¤‚ą¤¦ą„€ both langauge) āœ…āœ… After payment don't forget to join WhatsApp šŸŖ€šŸŖ€ Update group for.... šŸ“Œ Daily Intraday Morning & Evening Levels (All Commodities) šŸ“Œ US Data Impact Analysis and Immediate Impact Update šŸ“Œ Exclusive Audio Updates šŸ“Œ Report Related Important Announcement. šŸŖ€ WhatsApp Link given in the RIGI App itself and in the report too! Hurry! Payment link will expire tomorrow (11th Dec 2023) at 01:00 PM Thanks Indian Market View

Prelim UoM Consumer Sentiment Actual: 69.4 Forecast: 62.0 Previous: 61.3 Prelim UoM Inflation Expectations Actual: 3.1% Previous: 4.5% DATA IS NEGATIVE FOR BULLION

Average Hourly Earnings m/m Actual: 0.4% Impact: NEGATIVE Non-Farm Employment Change Actual: 199K Impact: NEGATIVE Unemployment Rate Actual: 3.7% Impact: NEGATIVE All Impact mentioned here is for BULLION

šŸ“¢ MCX Commodities šŸŖ™ Evening Session Technical Levels 🧐 by IMV (08th Dec 2023) āœļø Major US šŸ‡ŗšŸ‡ø Economic Data šŸ“Š Today (08th Dec 2023) šŸ‘‡šŸ» 07:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate 08:30 PM : Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations šŸ‘‰ (There are total 5 data release today almost all are important. So we may see good volatality in the evening session!) āœ’ Kindly follow our levels carefully šŸ§šŸ‘‡šŸ» āœ’ļø Gold (Feb) šŸ„‡ has support at 62400 and resistance 62700. Break and sustain below 62400 will take it to the next support level of 62250...62100 and sustainable trade above 62700 can see further upside move towards the next resistance level of 62850…63000 āœ’ļø Zinc (Dec) šŸ„‰ 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. āœ’ļø Crude Oil (Dec) šŸ›¢ļø has support at 5835 and resistance at 5940. Sustainable trade below 5835 can see more downside towards 5790…5750 and if sustained above 5940 will see the upside move towards 5980…6020 levels. šŸ‘‰ 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 (08th Dec 2023) : Aluminium up by 10725MT, Copper up by 650MT, Lead up by 50MT, Nickel up by 1920MT Zinc down by -3050MT. Team Indian Market View

šŸŒž Commodities šŸŖ™ Morning Update by IMV (08th Dec 2023) šŸ‡®šŸ‡³āœšŸ» āœ’ Kindly follow our levels carefully 🧐 āœ’ļø Silver (Mar) has support at 74300 while resistance at 74900. Sustainable trade below 74300 will take it to 74000...73700 very soon. If it breaks and sustain the resistance level of 74900 then will take it to 75200---75500, respectively. āœ’ļø Copper (Dec) has support at 713 and resistance at 719 Sustainable trade above 719 will see the upside move towards 722, 725 and if sustained below 713 can catch the downside move towards 710, 707 respectively. āœ’ļø Natural Gas (Dec) support has 210 and resistance 220. Sustainable trade above 220 can see more rally towards the next level of 225, 230 and if sustained below 210 then can move towards 205…200. šŸ‘‰ Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

NATURAL GAS STORAGE Previous: 10B Forecast: -110B Actual: -117B IMPACT: POSITIVE FOR NATURAL GAS

Unemployment Claims Previous: 218K Forecast: 222K Actual: 220K IMPACT: As per actual data it is Kind of Neutral for Bullion

CORRECTION Unemployment Claims Data is at 07:00 PM

šŸ“¢ MCX Commodities šŸŖ™ Evening Session Technical Levels 🧐 by IMV (07th Dec 2023) āœļø āœ’ Kindly follow our levels carefully šŸ§šŸ‘‡šŸ» āœ’ļø Gold (Feb) šŸ„‡ has support at 62450 and resistance 62750. Break and sustain below 62450 will take it to the next support level of 62300...62150 and sustainable trade above 62750 can see further upside move towards the next resistance level of 62900…63050 āœ’ļø Silver (Mar) 🄈 has support at 74600 while resistance at 75200. Sustainable trade below 74600 will take it to 74300...74000 very soon. If it breaks and sustain the resistance level of 75200 then will take it to 75500---75800, respectively. āœ’ļø Zinc (Dec) šŸ„‰ has support at 216 and resistance at 220 Break and sustained below 216 will see the downside move 214---212 and if sustained above 220 can see further upside towards 222…224 levels. āœ’ļø Natural Gas (Dec) ⛽ support has 204 and resistance 214. Sustainable trade above 214 can see more rally towards the next level of 219, 225 and if sustained below 204 then can move towards 199...194. šŸ‘‰ Rest 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 Today (07th Dec 2023) 06:00 PM : Unemployment Claims (This one is important data) 08:30 PM : Final Wholesale Inventories m/m 09:00 PM : Natural Gas Storage

LME Inventory for today (07th Dec 2023) : Aluminium down by -500MT, Copper up by 675MT, Lead down by -2475MT, Nickel up by 1992MT Zinc down by -50MT. Team Indian Market View

šŸŒž Commodities šŸŖ™ Morning Update by IMV (07th Dec 2023) šŸ‡®šŸ‡³āœšŸ» āœ’ Kindly follow our levels carefully 🧐 āœ’ļø Gold (Feb) has support at 62250 and resistance 62550. Break and sustain below 62250 will take it to the next support level of 62100...62000 and sustainable trade above 62550 can see further upside move towards the next resistance level of 62700…62850 āœ’ļø Zinc (Dec) 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. āœ’ļø Natural Gas (Dec) support has 209 and resistance 220. Sustainable trade above 220 can see more rally towards the next level of 225, 230 and if sustained below 209 then can move towards 204…200. šŸ‘‰ Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

CRUDE OIL despite of Negative Inventory fell from around 5920 to now CMP 5796 That's why only Crude Inventory doesnot matter much overall other associate inventory also play crucial role in deciding momentum

As per CRUDE Oil inventory it is POSITIVE for CRUDE PRICES. But Gasoline Inventory is negative so might impact crude Oil pric
As per CRUDE Oil inventory it is POSITIVE for CRUDE PRICES. But Gasoline Inventory is negative so might impact crude Oil prices.

Revised Nonfarm Productivity q/q Actual: 5.20 Impact: NEGATIVE Revised Unit Labor Costs q/q Actual: -1.20% Impact: POSITIVE Trade Balance Actual: -64.30 Impact: NEUTRAL All impact mentioned here is for BULLIONS OVERALL MIX DATA

ADP Non-Farm Employment Change Previous: 113K Forecast: 131K Actual: 103K IMPACT: As per actual data it is POSITIVE for Bullion

šŸ“¢ MCX Commodities šŸŖ™ Evening Session Technical Levels 🧐 by IMV (06th Dec 2023) āœļø āœ’ Kindly follow our levels carefully šŸ§šŸ‘‡šŸ» āœ’ļø Silver (Mar) 🄈 has support at 75000 while resistance at 75600. Sustainable trade below 75000 will take it to 74700...74400 very soon. If it breaks and sustain the resistance level of 75600 then will take it to 75900---76200, respectively. āœ’ļø Zinc (Dec) šŸ„‰ has support at 219 and resistance at 223 Break and sustained below 219 will see the downside move 217---215 and if sustained above 223 can see further upside towards 225…227 levels. āœ’ļø Crude Oil (Dec) šŸ›¢ļø has support at 5950 and resistance at 6030. Sustainable trade below 5950 can see more downside towards 5910…5870 and if sustained above 6030 will see the upside move towards 6070…6110 levels. šŸ‘‰ Rest Gold,Copper, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Major US Economic Data Today (06th Dec 2023) 06:45 PM: ADP Non-Farm Employment Change (This is the most important data today) 07:00 PM: Revised Nonfarm Productivity q/q, Trade Balance, Revised Unit Labor Costs q/q 09:00 PM: Crude Oil Inventories