Indian Market View Commodity Channel (SEBI Registered)
Open in Telegram
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
Show more4 480
Subscribers
No data24 hours
-107 days
-2930 days
Posts Archive
š Commodities šŖ Morning Update by IMV (05th Jan 2024) š®š³āš»
ā Kindly follow our levels carefully š§
āļø Silver (Mar) has support at 72200 while resistance at 72800. Sustainable trade below 72200 will take it to 72000...71700 very soon. If it breaks and sustain the resistance level of 72800 then will take it to 73100---73300, respectively.
āļø Zinc (Jan) has support at 223.80 and resistance at 227.80 Break and sustained below 223.80 will see the downside move 221.80---220 and if sustained above 227.80 can see further upside towards 229.80ā¦231.50 levels.
āļø Natural Gas (Jan) support has 226 and resistance 238. Sustainable trade above 238 can see more rally towards the next level of 244, 250 and if sustained below 226 then can move towards 220ā¦215.
š Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
See this is what we give extra to our PREMIUM LEVELS SUBSCRIBERS
For more details about our PREMIUM LEVELS
Click and Chat with us
https://wa.link/nhzz9d
Thanks Team IMV
As per inventory data it is NEGATIVE for CRUDE OIL prices
Natural Gas Storage
Previous: -87B
Forecast: -40B
Actual: -14B
IMPACT: As per actual data it is NEGATIVE for NG prices.
Unemployment Claims
Previous: 218K
Forecast: 216K
Actual: 202K
IMPACT: As per actual data it is NEGATIVE for Bullion.
ADP Non-Farm Employment Change
Previous: 103K
Forecast: 115k
Actual: 164K
IMPACT: As per actual data it is NEGATIVE for Bullion.
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (04th Jan 2024) āļø
ā Kindly follow our levels carefully š§šš»
āļø Silver (Mar) š„ has support at 72100 while resistance at 72700. Sustainable trade below 72100 will take it to 71800...71500 very soon. If it breaks and sustain the resistance level of 72700 then will take it to 73000---73300, respectively.
āļø Copper (Jan) āļø has support at 725 and resistance at 731 Sustainable trade above 731 will see the upside move towards 734, 737 and if sustained below 725 can catch the downside move towards 722, 720 respectively.
āļø Natural Gas (Jan) ā½ support has 225 and resistance 235. Sustainable trade above 235 can see more rally towards the next level of 240, 245 and if sustained below 225 then can move towards 220ā¦215.
š Rest Gold, Zinc, 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 (04th Jan 2024)
06:45 PM : ADP Non-Farm Employment Change
07:00 PM : Unemployment Claims
08:15 PM : Final Services PMI
09:00 PM : Natural Gas Storage
09:30 PM : Crude Oil Inventories
LME Inventory for today (04th Jan 2024)
Aluminium down by -3200MT,
Copper up by 750MT,
Lead down by -1650MT,
Nickel up by 18MT
Zinc up by 525MT.
Team Indian Market View
š Commodities šŖ Morning Update by IMV (04th Jan 2024) š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (Feb) has support at 62600 and resistance 62900. Break and sustain below 62600 will take it to the next support level of 62450...62300 and sustainable trade above 62900 can see further upside move towards the next resistance level of 63050ā¦63200
āļø Copper (Jan) has support at 723.40 and resistance at 729.40 Sustainable trade above 729.40 will see the upside move towards 732, 735 and if sustained below 723.40 can catch the downside move towards 720.40, 718 respectively.
āļø Crude Oil (Jan) has support at 6050 and resistance at 6130. Sustainable trade below 6050 can see more downside toward 6010ā¦5970 and if sustained above 6130 will see the upside move towards 6170ā¦6210 levels.
š¢ Rest of the commodities levels + premium updates send on our PREMIUM TELEGRAM CHANNEL š
Join the same for as low as Rs 1180 Per Month. Click on the link to make payment and immediately join our Premium Telegram Channel.
š Payment link - https://rpy.club/g/TqPasdnLwB
For any query Call your RM or WhatsApp us on +91-8744868888
Team Indian Market View
Good morning dear friends have a great day ahead š šļø
FED Minutes Summary š FED minutes suggests, hikes are over but offer no timeable on rate cuts.
Tomorrow morning we have Caixin Services PMI Data from China
Previous: 51.50
Forecast: 51.60
Actual: ??
As per forecast it is slightly positive for Base Metals.
Actual data will release in the morning at 7:15 AM
(This data impacts Base metals)
ISM Manufacturing PMI
Actual Data: 47.40
Impact: NEGATIVE
JOLTS Job Openings
Actual Data: 8.790
Impact: SLIGHTLY NEGATIVE
ISM Manufacturing Prices
Actual Data: 45.20
Impact: POSITIVE
All impact mention here is for Bullions. Overall MIX IMPACT
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (03rd Jan 2024) āļø
ā Kindly follow our levels carefully š§šš»
āļø Gold (Feb) š„ has support at 62900 and resistance 63200. Break and sustain below 62900 will take it to the next support level of 62750...62600 and sustainable trade above 63200 can see further upside move towards the next resistance level of 63350ā¦63500
āļø Copper (Jan) āļø has support at 723 and resistance at 729 Sustainable trade above 729 will see the upside move towards 732, 735 and if sustained below 723 can catch the downside move towards 720, 717 respectively.
āļø Natural Gas (Jan) ā½ support has 208 and resistance 218. Sustainable trade above 218 can see more rally towards the next level of 223, 228 and if sustained below 208 then can move towards 203ā¦198.
š Rest Silver, Zinc, Aluminium and Crude Oil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Major US Economic event today. Keep caution around 08:30 PM, we may see volatality at that time
Also after market at 12:30 AM we have FOMC Meeting minutes which is very important event.
š Commodities šŖ Morning Update by IMV (03rd Jan 2024) š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (Feb) has support at 63150 and resistance 63450. Break and sustain below 63150 will take it to the next support level of 63000...62850 and sustainable trade above 63450 can see further upside move towards the next resistance level of 63600ā¦63750
āļø Copper (Jan) has support at 725.50 and resistance at 731.50 Sustainable trade above 731.50 will see the upside move towards 734, 737 and if sustained below 725.50 can catch the downside move towards 722.50, 720 respectively.
āļø Crude Oil (Jan) has support at 5840 and resistance at 5920. Sustainable trade below 5840 can see more downside toward 5800ā¦5760 and if sustained above 5920 will see the upside move towards 5960ā¦6000 levels.
š Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Final Manufacturing PMI
Previous: 48.20
Forecast: 48.40
Actual: 47.90
IMPACT: As per actual data it is POSITIVE for Bullion prices.
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (02nd Jan 2024) āļø
US Economic Data Today (02nd Jan 2024)
08:15 PM : Final Manufacturing PMI
08:30 PM : Construction Spending m/m
ā Kindly follow our levels carefully š§šš»
āļø Gold (Feb) š„ has support at 63400 and resistance 63700. Break and sustain below 63400 will take it to the next support level of 63250...63100 and sustainable trade above 63700 can see further upside move towards the next resistance level of 63850ā¦64000
āļø Copper (Jan) āļø has support at 728.50 and resistance at 734.50 Sustainable trade above 734.50 will see the upside move towards 737.50, 740.50 and if sustained below 728.50 can catch the downside move towards 725.50, 722.50 respectively.
āļø Crude Oil (Jan) š¢ļø has support at 6080 and resistance at 6180. Sustainable trade below 6080 can see more downside toward 6040ā¦6000 and if sustained above 6180 will see the upside move towards 6220ā¦6260 levels.
š Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
