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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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LME Inventory for today (08th July 2024)
Aluminium down by -5050MT
Copper down by -150MT
Lead down by -775MT
Nickel up by 216MT
Zinc up by 22775MT
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š Commodities šŖ Morning Update by IMV (08 July 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Silver (Sept) has support at 93300 while resistance at 93900. Sustainable trade below 93300 will take it to 93000...92700 very soon. If it breaks and sustain the resistance level of 93900 then will take it to 94200---94500, respectively.
āļø Copper (July) has support at 872.50 and resistance at 878.50 Sustainable trade above 878.50 will see the upside move towards 881, 884 and if sustained below 872.50 can catch the downside move towards 870, 867.50 respectively.
āļø Crude Oil (July) has support at 6910 and resistance at 7010. Sustainable trade below 6910 can see more downside toward 6870ā¦6830 and if sustained above 7010 will see the upside move towards 7050ā¦7090 levels.
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Hello All š
We have just published our 'MCX Commodities Weekly Levels Report (08th to 12th July 2024)'
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Average Hourly Earnings m/m
Previous: 0.40%
Forecast: 0.30%
Actual: 0.3%
Impact: NEUTRAL AS EXPECTED
Non-Farm Employment Change
Previous: 272K
Forecast: 191K
Actual: 206K
Impact: SLIGHTLY NEGATIVE
Unemployment Rate
Previous: 4.0%
Forecast: 4.0%
Actual: 4.1%
Impact: POSITIVE
OVER ALL MIX Data
š NOTE: All impact mentioned here is for Bullion (Gold and Silver)
Average Hourly Earnings m/m
Previous: 0.40%
Forecast: 0.30%
Actual: 0.3%
Impact: NEUTRAL AS EXPECTED
Non-Farm Employment Change
Previous: 272K
Forecast: 191K
Actual: 206K
Impact: SLIGHTLY POSITIVE
Unemployment Rate
Previous: 4.0%
Forecast: 4.0%
Actual: 4.1%
Impact: NEGATIVE
š NOTE: All impact mentioned here is for Bullion (Gold and Silver)
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (05 July 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Silver (Sept)š„ has support at 92100 while resistance at 92700. Sustainable trade below 92100 will take it to 91800...91500 very soon. If it breaks and sustain the resistance level of 92700 then will take it to 93000---93300, respectively.
āļø Zinc (July)š„ has support at 274.50 and resistance at 278.50 Break and sustained below 274.50 will see the downside move 272.50---270.50 and if sustained above 278.50 can see further upside towards 280.50ā¦282.50 levels.
āļø Natural Gas (July)ā½ support has 191 and resistance 202. Sustainable trade above 202 can see more rally towards the next level of 207, 212 and if sustained below 191 then can move towards 186ā¦181.
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LME Inventory for today (05 July 2024)
Aluminium up by 9900MT
Copper down by -1250MT
Lead down by -1800MT
Nickel down by -12MT
Zinc down by -25MT
Team Indian Market View
š Commodities šŖ Morning Update by IMV (05 July 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (Aug)š„ has support at 72320 and resistance 72620. Break and sustain below 72320 will take it to the next support level of 72160...72020 and sustainable trade above 72620 can see further upside move towards the next resistance level of 72780ā¦72920
āļø Copper (July)āļø has support at 864 and resistance at 870 Sustainable trade above 870 will see the upside move towards 873, 876 and if sustained below 864 can catch the downside move towards 861, 858 respectively.
āļø Crude Oil (July)š¢ļø has support at 6950 and resistance at 7030. Sustainable trade below 6950 can see more downside toward 6910ā¦6870 and if sustained above 7030 will see the upside move towards 7080ā¦7120 levels.
Rest of the commodities levels send to our Levels Package Subscribers
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š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (04 July 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Gold (Aug)š„ has support at 72200 and resistance 72500. Break and sustain below 72200 will take it to the next support level of 72050...71900 and sustainable trade above 72500 can see further upside move towards the next resistance level of 72650ā¦72800
āļø Copper (July)āļø has support at 863.50 and resistance at 869.50 Sustainable trade above 869.50 will see the upside move towards 872.50, 875 and if sustained below 863.50 can catch the downside move towards 860.50, 858 respectively.
āļø Natural Gas (July)ā½ support has 198 and resistance 208. Sustainable trade above 208 can see more rally towards the next level of 213, 218 and if sustained below 198 then can move towards 193ā¦188.
Rest of the commodities levels send to our Levels Package Subscribers
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LME Inventory for today (04 July 2024)
Aluminium down by -5000MT
Copper down by -175MT
Lead down by -1050MT
Nickel up by 198MT
Zinc down by -25MT
Team Indian Market View
š Commodities šŖ Morning Update by IMV (04th July 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Silver (Sept)š„ has support at 91500 while resistance at 92100. Sustainable trade below 91500 will take it to 91200...91000 very soon. If it breaks and sustain the resistance level of 92100 then will take it to 92400---92700, respectively.
āļø Zinc (July)š„ has support at 271 and resistance at 275 Break and sustained below 271 will see the downside move 269---267 and if sustained above 275 can see further upside towards 277ā¦279 levels.
āļø Crude Oil (July)š¢ļø has support at 6920 and resistance at 7010. Sustainable trade below 6920 can see more downside toward 6880ā¦6840 and if sustained above 7010 will see the upside move towards 7050ā¦7090 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
FED Meeting Minutes Update
Nothing much said in FED meeting minutes.
We have not seen any major impact of same. Market is going to open Flat to slightly positive.
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