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š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (14th May 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Gold (June)š„ has support at 71950 and resistance 72200. Break and sustain below 71950 will take it to the next support level of 71800...71650 and sustainable trade above 72200 can see further upside move towards the next resistance level of 72350ā¦72500
āļø Copper (May)ā has support at 885 and resistance at 891 Sustainable trade above 891 will see the upside move towards 894, 897 and if sustained below 885 can catch the downside move towards 882, 879 respectively.
āļø Crude Oil (May)š¢ has support at 6580 and resistance at 6660. Sustainable trade below 6580 can see more downside toward 6540ā¦6500 and if sustained above 6660 will see the upside move towards 6700ā¦6740 levels.
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Good morning dear friends have a great day ahead š š
Morning Session MCX Commodities Levels (14/05/2024)
āļø Kindly follow our levels carefully.
āļø Silver (July) has support at 85000 while resistance at 85500. Sustainable trade below 85000 will take it to 84700...84400 very soon. If it breaks and sustain the resistance level of 85500 then will take it to 85800---86100, respectively.
āļø Zinc (May) has support at 263 and resistance at 267 Break and sustained below 263 will see the downside move 261---259 and if sustained above 267 can see further upside towards 269ā¦271 levels.
āļø Crude Oil (May) has support at 6570 and resistance at 6670. Sustainable trade below 6570 can see more downside toward 6530ā¦6490 and if sustained above 6670 will see the upside move towards 6710ā¦6750 levels.
(NOTE: ABOVE LEVELS ARE VALID TILL 5PM AND FOR EVENING LEVELS REFER TO OUR EVENING BLOG UPDATE).
Rest of the commodities levels we have send to our paid subscribers. Join our premium levels group to get daily intraday + weekly levels + premium updates.
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*Good morning dear friends have a great day ahead* š šļø
*Good morning dear friends have a great day ahead* š šļø
*Morning Session MCX Commodities Levels (14/05/2024)*
āļø Kindly follow our levels carefully.
āļø Silver (July) has support at 85000 while resistance at 85500. Sustainable trade below 85000 will take it to 84700...84400 very soon. If it breaks and sustain the resistance level of 85500 then will take it to 85800---86100, respectively.
āļø Zinc (May) has support at 263 and resistance at 267 Break and sustained below 263 will see the downside move 261---259 and if sustained above 267 can see further upside towards 269ā¦271 levels.
āļø Crude Oil (May) has support at 6570 and resistance at 6670. Sustainable trade below 6570 can see more downside toward 6530ā¦6490 and if sustained above 6670 will see the upside move towards 6710ā¦6750 levels.
*(NOTE: ABOVE LEVELS ARE VALID TILL 5PM AND FOR EVENING LEVELS REFER TO OUR EVENING BLOG UPDATE).*
Rest of the commodities levels we have send to our paid subscribers. Join our premium levels group to get daily intraday + weekly levels + premium updates.
*Call us on 7065111166 for more details.*
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (13th May 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Silver (July)š„ has support at 84400 while resistance at 85000. Sustainable trade below 84400 will take it to 84100...83800 very soon. If it breaks and sustain the resistance level of 85000 then will take it to 85250---85500, respectively.
āļø Zinc (May)š„ has support at 260.90 and resistance at 264.90 Break and sustained below 260.90 will see the downside move 259---257.10 and if sustained above 264.90 can see further upside towards 266.90ā¦268.90 levels.
āļø Crude Oil (May)š¢ļø has support at 6520 and resistance at 6620. Sustainable trade below 6520 can see more downside toward 6480ā¦6440 and if sustained above 6620 will see the upside move towards 6660ā¦6700 levels.
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š Commodities šŖ Morning Update by IMV (13th May 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (June)š„ has support at 72250 and resistance 72550. Break and sustain below 72250 will take it to the next support level of 72100...71950 and sustainable trade above 72550 can see further upside move towards the next resistance level of 72700ā¦72850
āļø Copper (May)āļø has support at 868 and resistance at 874 Sustainable trade above 874 will see the upside move towards 877, 880 and if sustained below 868 can catch the downside move towards 865, 862 respectively.
āļø Crude Oil (May)š¢ļø has support at 6480 and resistance at 6570. Sustainable trade below 6480 can see more downside toward 6440ā¦6400 and if sustained above 6570 will see the upside move towards 6610ā¦6650 levels.
Rest of the commodities levels send to our Levels Package Subscribers
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š¢ Dear All,
Sorry for the delay š We have just published our this Week's (13th to 17th May 2024) Commodity Report.
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Prelim UoM Consumer Sentiment
Previous: 77.20
Forecast: 76.30
Actual: 67.40
Impact: POSITIVE
Prelim UoM Inflation Expectations
Previous: 3.20%
Actual: 3.50%
Impact: NEGATIVE
OVERALL IMPACT MIX
NOTE: All impact mentioned here is for Bullions.
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (10th May 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Silver (July) has support at 85300 while resistance at 85900. Sustainable trade below 85300 will take it to 85000...84700 very soon. If it breaks and sustain the resistance level of 85900 then will take it to 86200---86500, respectively.
āļø Zinc (May) has support at 260 and resistance at 264 Break and sustained below 260 will see the downside move 258---256 and if sustained above 264 can see further upside towards 266ā¦268 levels.
āļø Natural Gas (May) support has 188 and resistance 199. Sustainable trade above 199 can see more rally towards the next level of 204, 209 and if sustained below 188 then can move towards 183ā¦178.
Rest of the commodities levels send to our Levels Package Subscribers
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Unemployment Claims
Previous: 208K
Forecast: 212K
Actual: 231K
Impact : POSITIVE for Bullion
Major Companies Quarterly Results Tomorrow (10th May 2024)
1. Tata Motors 2. Bank Of Baroda
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (09th May 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Silver (July)š„ has support at 83100 while resistance at 83700. Sustainable trade below 83100 will take it to 82800...82500 very soon. If it breaks and sustain the resistance level of 83700 then will take it to 84000---84300, respectively.
āļø Zinc (May)š„ has support at 254 and resistance at 258 Break and sustained below 254 will see the downside move 252---250 and if sustained above 258 can see further upside towards 260ā¦262 levels.
āļø Natural Gas (May)ā½ support has 176 and resistance 188. Sustainable trade above 188 can see more rally towards the next level of 194, 200 and if sustained below 176 then can move towards 170ā¦165.
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
LME Inventory for today (09th May 2024)
Aluminium down by -2625MT
Copper down by -1625MT
Lead down by -3500MT
Nickel up by 132MT
Zinc up by 900MT.
Team Indian Market View
š Commodities šŖ Morning Update by IMV (9th May 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (June)š„ has support at 70900 and resistance 71200. Break and sustain below 70900 will take it to the next support level of 70750...70600 and sustainable trade above 71200 can see further upside move towards the next resistance level of 71350ā¦71500
āļø Copper (May)āļø 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, 850.50 respectively.
āļø Crude Oil (May)š¢ļø has support at 6580 and resistance at 6680. Sustainable trade below 6580 can see more downside toward 6540ā¦6500 and if sustained above 6680 will see the upside move towards 6720ā¦6760 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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