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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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š Commodities šŖ Morning Update by IMV (06th June 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (Aug)š„ has support at 72800 and resistance 73100. Break and sustain below 72800 will take it to the next support level of 72650...72500 and sustainable trade above 73100 can see further upside move towards the next resistance level of 73250ā¦73400
āļø Copper (June)āļø has support at 873 and resistance at 879 Sustainable trade above 879 will see the upside move towards 882, 885 and if sustained below 873 can catch the downside move towards 870, 867 respectively.
āļø Crude Oil (June)š¢ļø has support at 6170 and resistance at 6270. Sustainable trade below 6170 can see more downside toward 6130ā¦6090 and if sustained above 6270 will see the upside move towards 6310ā¦6350 levels.
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As per inventory Data is Negative for Crude Oil
ISM Services PMI
Previous: 49.40
Forecast: 51.0
Actual: 53.80
Impact: NEGATIVE for Bullion
Final Services PMI
Previous: 54.80
Forecast: 54.80
Actual: 54.80
Impact: Data is NEUTRAL and as expected for Bullion
ADP Non-Farm Employment Change
Previous: 192K
Forecast: 173K
Actual: 152K
Impact: POSITIVE for Bullion
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (05th June 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Silver (July)š„ has support at 89100 while resistance at 89700. Sustainable trade below 89100 will take it to 88800...88500 very soon. If it breaks and sustain the resistance level of 89700 then will take it to 90000---90300, respectively.
āļø Copper (June)ā has support at 859 and resistance at 864 Sustainable trade above 864 will see the upside move towards 866.50, 869 and if sustained below 859 can catch the downside move towards 856.50, 854 respectively.
āļø Natural Gas (June) support has 214 and resistance 224. Sustainable trade above 224 can see more rally towards the next level of 229, 234 and if sustained below 214 then can move towards 208ā¦202.
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
š Commodities šŖ Morning Update by IMV (05th June 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Silver (July)š„ has support at 89100 while resistance at 89700. Sustainable trade below 89100 will take it to 88800...88500 very soon. If it breaks and sustain the resistance level of 89700 then will take it to 90000---90300, respectively.
āļø Copper (June)āļø has support at 859 and resistance at 864 Sustainable trade above 864 will see the upside move towards 866.50, 869 and if sustained below 859 can catch the downside move towards 856.50, 854 respectively.
āļø Natural Gas (June)ā½ support has 214 and resistance 224. Sustainable trade above 224 can see more rally towards the next level of 229, 234 and if sustained below 214 then can move towards 208ā¦202.
Rest of the commodities levels send to our Levels Package Subscribers
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Morning Levels Update
GOLD - Below support 1st Target hit
ZINC - Below support 1st Target hit
Crude Oil - Exactly reversed from given suport levels.
BUT you guys have missed SILVER, COPPER and NATURAL GAS morning levels...which also hit target.
Get our Premium Levels for just Rs 1180 per month (On Premium Telegram Channel) OR Rs 11800 for 1 YEAR (On Premium WhatsApp WhatsApp Community)
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Morning Levels Update
GOLD - Below support 1st Target hit
ZINC - Below support 1st Target hit
Crude Oil - Exactly reversed from given suport levels.
BUT you guys have missed SILVER, COPPER and NATURAL GAS morning levels...which also hit target.
**Get our Premium Levels for just Rs 1180 per month (On Premium Telegram Channel) OR Rs 11800 for 1 YEAR (On Premium WhatsApp WhatsApp Community)*
š For package details, Call now on 7065111166
LME Inventory for today (05 June 2024)
Aluminium down by -1850MT
Copper up by 1050MT
Lead down by -1200MT
Nickel up by 1206MT
Zinc up by 3050MT
Team Indian Market View
š Commodities šŖ Morning Update by IMV (05th June 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Gold (Aug)š„ has support at 71950 and resistance 72250. Break and sustain below 71950 will take it to the next support level of 71800...71650 and sustainable trade above 72250 can see further upside move towards the next resistance level of 72400ā¦72550
āļø Zinc (June)š„ has support at 259 and resistance at 263 Break and sustained below 259 will see the downside move 257---255 and if sustained above 263 can see further upside towards 265ā¦267 levels.
āļø Crude Oil (June)š¢ļø has support at 6080 and resistance at 6160. Sustainable trade below 6080 can see more downside toward 6040ā¦6000 and if sustained above 6160 will see the upside move towards 6200ā¦6240 levels.
Rest of the commodities levels send to our Levels Package Subscribers
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JOLTS Job Openings
Previous: 8.49M
Forecast: 8.37M
Actual: 8.059M
IMPACT: POSITIVE for Bullion
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (04th June 2024)āļø
ā Kindly follow our levels carefully š§šš»
āļø Gold (Aug)š„ has support at 72020 and resistance 72340. Break and sustain below 72020 will take it to the next support level of 71880...71720 and sustainable trade above 72340 can see further upside move towards the next resistance level of 72490ā¦72640
āļø Zinc (June)š„ has support at 259 and resistance at 263 Break and sustained below 259 will see the downside move 257---255 and if sustained above 263 can see further upside towards 265ā¦267 levels.
āļø Natural Gas (June)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.
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
š Commodities šŖ Morning Update by IMV (04th June 2024)š®š³āš»
ā Kindly follow our levels carefully š§
āļø Silver (July)š„ has support at 91700 while resistance at 92300. Sustainable trade below 91700 will take it to 91400...91100 very soon. If it breaks and sustain the resistance level of 92300 then will take it to 92600---92900, respectively.
āļø Copper (June)š„ has support at 877.50 and resistance at 883.50 Sustainable trade above 883.50 will see the upside move towards 886.50, 889.50 and if sustained below 877.50 can catch the downside move towards 874.50, 871.50 respectively.
āļø Crude Oil (June)š¢ļø has support at 6110 and resistance at 6210. Sustainable trade below 6110 can see more downside toward 6070ā¦6030 and if sustained above 6210 will see the upside move towards 6250ā¦6290 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
ISM Manufacturing PMI
Previous: 49.20
Forecast: 49.80
Actual: 48.70
Impact: POSITIVE for Bullion
ISM Manufacturing Prices
Previous: 60.90
Forecast: 60.0
Actual: 57
Impact: POSITIVE for Bullion
Final Manufacturing PMI
Previous: 50.90
Forecast: 50.90
Actual: 51.30
Impact: NEGATIVE for Bullion
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