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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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Pre market update on Comex Gold
And then after that follow up of Comex Gold and MCX Gold levels.... Gold crashed as per given analysis
👉 *All these you are missing for just few thousand rupees (just 120 points in Gold) for complete 1 year
Crude Oil Inventory - NEGATIVE
Other Inventories - SLIGHTLY POSITIVE
So Impact - MIX
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Evening Session MCX Commodities Levels (17/04/2024)
✒️ Kindly follow our levels carefully.
✒️ Gold (June) has support at 72900 and resistance 73200. Break and sustain below 72900 will take it to the next support level of 72750...72600 and sustainable trade above 73200 can see further upside move towards the next resistance level of 73350…73500
✒️ Copper (Apr) has support at 827 and resistance at 833 Sustainable trade above 833 will see the upside move towards 836, 839 and if sustained below 827 can catch the downside move towards 824, 821 respectively.
✒️ Crude Oil (May) has support at 7020 and resistance at 7130. Sustainable trade below 7020 can see more downside toward 6980…6940 and if sustained above 7130 will see the upside move towards 7170…7210 levels.
Team Indian Market View
Major US Economic Data Today
08:00 PM : CRUDE OIL Inventories
Industrial Production m/m
Previous: 0.10%
Forecast: 0.40%
Actual: 0.40%
Impact: As expected and Neutral for BULLION
Building Permits
Previous: 1.52M
Forecast: 1.51M
Actual: 1.458M
Impact: POSITIVE
Housing Starts
Previous: 1.52M
Forecast: 1.48M
Actual: 1.321M
Impact: POSITIVE
Note: All impact mentioned here is for Bullions
Evening Session MCX Commodities Levels (16/04/2024)
✒️ Kindly follow our levels carefully.
✒️ Gold (June) has support at 72500 and resistance 72800. Break and sustain below 72500 will take it to the next support level of 72350...72200 and sustainable trade above 72800 can see further upside move towards the next resistance level of 72950…73100
✒️ Zinc (Apr) has support at 238 and resistance at 242 Break and sustained below 238 will see the downside move 236---234 and if sustained above 242 can see further upside towards 244…246 levels.
✒️ Natural Gas (Apr) support has 136 and resistance 148. Sustainable trade above 148 can see more rally towards the next level of 154, 160 and if sustained below 136 then can move towards 130…125.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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Major US Economic Data Today (16th April 2024)
06:00 PM : Building Permits and Housing Starts
06:45 PM : Industrial Production m/m
10:45 PM : Fed Chair Powell Speaks
(Before FED Chairman speech at 10:45 PM, there is other 3 FOMC Member speech also at 06:30 PM, 10:00 PM and 10:30 PM)
*LME Inventory for today (16th April 2024)*
Aluminium down by -3700MT,
Copper up by 400MT,
Lead up by 3175MT,
Nickel down by -792MT
Zinc up by 9475MT.
Team Indian Market View
Cash Pick
Buy SJVN at CMP 12620--126 Target 140
Stop Loss below 116
Duration 3-4 days
🌞 #Commodities 🪙 Morning Update🧐 by IMV (16th April 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Silver (May) has support at 83800 while resistance at 84400. Sustainable trade below 83800 will take it to 83500...83200 very soon. If it breaks and sustain the resistance level of 84400 then will take it to 84700---85000, respectively.
✒️ #Copper (Apr) has support at 827.50 and resistance at 833.50 Sustainable trade above 833.50 will see the upside move towards 836.50, 839.50 and if sustained below 827.50 can catch the downside move towards 824.50, 821.50 respectively.
✒️ #Crude Oil (Apr) has support at 7125 and resistance at 7220. Sustainable trade below 7125 can see more downside toward 7080…7040 and if sustained above 7220 will see the upside move towards 7260…7300 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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📢 #MCX #Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (16th April 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Silver (May) has support at 83800 while resistance at 84400. Sustainable trade below 83800 will take it to 83500...83200 very soon. If it breaks and sustain the resistance level of 84400 then will take it to 84700---85000, respectively.
✒️ #Copper (Apr) has support at 827.50 and resistance at 833.50 Sustainable trade above 833.50 will see the upside move towards 836.50, 839.50 and if sustained below 827.50 can catch the downside move towards 824.50, 821.50 respectively.
✒️ #Crude Oil (Apr) has support at 7125 and resistance at 7220. Sustainable trade below 7125 can see more downside toward 7080…7040 and if sustained above 7220 will see the upside move towards 7260…7300 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Core Retail Sales m/m
Actual Data: 1.1%
Impact: NEGATIVE
Empire State Manufacturing Index
Actual Data: -14.30
Impact: POSITIVE
Retail Sales m/m
Actual Data: 0.7%
Impact: NEGATIVE
NOTE: All impact mentioned here is for Bullions
#MCX #Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (15th April 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (June) has support at 71700 and resistance 72000. Break and sustain below 71700 will take it to the next support level of 71550...71400 and sustainable trade above 72000 can see further upside move towards the next resistance level of 72150…72300
✒️ #Zinc (Apr) has support at 242.50 and resistance at 246.50 Break and sustained below 242.50 will see the downside move 240.50---238.50 and if sustained above 246.50 can see further upside towards 248.50…250.50 levels.
✒️ #Natural Gas (Apr) support has 141 and resistance 152. Sustainable trade above 152 can see more rally towards the next level of 158, 163 and if sustained below 141 then can move towards 136…131.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Major US Economic Data Today (15th April 2024)
06:00 PM : Core Retail Sales m/m, Empire State Manufacturing Index and Retail Sales m/m
👉 All 3 data are important
👉 All 3 data at same time and will impact Gold and Silver prices
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