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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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US Data Update
Average Hourly Earnings m/m
Actual Figure: 0.20%
Impact: SLIGHTLY POSITIVE
Non-Farm Employment Change
Actual Figure: 336K
Impact: HIGHLY NEGATIVE
Unemployment Rate
Actual Figure: 3.8%
Impact: POSITIVE
All impact mentioned here is for Bullion
Team Indian Market View
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (06th Oct 2023) āļø
šŗšø Major US Data in the evening session
Today we have 3 datas in the evening and all 3 are important ones which will directly impact GOLD and SILVER prices.
06:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate
š All 3 data at same time so volatality might be high.
āļø Kindly follow our levels carefully. šš»š¤
āļø Gold š„ has support at 56550 and resistance 56850. Break and sustain below 56550 will take it to the next support level of 56400...56250 and sustainable trade above 56850 can see further upside move towards the next resistance level of 57000ā¦57150
āļø Copper āļø has support at 700 and resistance at 706 Sustainable trade above 706 will see the upside move towards 709, 712 and if sustained below 700 can catch the downside move towards 697, 694 respectively.
āļø Crude Oil š¢ļø has support at 6850 and resistance at 6930. Sustainable trade below 6850 can see more downside towards 6810ā¦6770 and if sustained above 6930 will see the upside move towards 6970ā¦7010 levels.
š Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today!(06 Oct 2023)
Aluminium up by 15875MT,
Copper up by 275MT,
Lead up by 750MT,
Nickel up by 720MT
Zinc down by -700MT.
Team Indian Market View
š Commodities šŖ Morning Update by IMV (06th Oct 2023) š®š³āš»
āļø Kindly follow our levels carefully. š§šš»
āļø Silver has support at 66700 while resistance at 67300. Sustainable trade below 66700 will take it to 66400...66100 very soon. If it breaks and sustain the resistance level of 67300 then will take it to 67600---67900, respectively.
āļø Zinc has support at 220 and resistance at 224 Break and sustained below 220 will see the downside move 218---216 and if sustained above 224 can see further upside towards 226ā¦228 levels.
āļø Natural Gas support has 258 and resistance 270. Sustainable trade above 270 can see more rally towards the next level of 275, 280 and if sustained below 258 then can move towards 252ā¦247.
š Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Natural Gas Storage ā½ā½š„š„
Previous: 90B
Forecast: 97B
Actual: 86B
Impact: POSITIVE for NATURAL GAS
Unemployment Claims
Previous: 204K
Forecast: 211K
Actual: 207K
Impact: SLIGHTLY NEGATIVE for Bullion
Trade Balance
Previous: -65.0B
Forecast: -60.5B
Actual: -58.30
Impact: SLIGHTLY NEGATIVE for Bullion
Team Indian Market View
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (05th Oct 2023) āļø
āļø Kindly follow our levels carefully. šš»š¤
āļø Gold š„ has support at 56600 and resistance 56900. Break and sustain below 56600 will take it to the next support level of 56450...56300 and sustainable trade above 56900 can see further upside move towards the next resistance level of 57050ā¦57200
āļø Zinc š„ has support at 220 and resistance at 224 Break and sustained below 220 will see the downside move 218---216 and if sustained above 224 can see further upside towards 226ā¦228 levels.
āļø **Natural Gas* ā½ support has 243 and resistance 253. Sustainable trade above 253 can see more rally towards the next level of 258, 263 and if sustained below 243 then can move towards 238ā¦233.
š Rest Silver, Copper, Aluminium and Crude oil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Major US Economic Data for today
06:00 PM : Unemployment Claims and Trade Balance
08:00 PM : Natural Gas Storage
For more details
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Team Indian Market View
LME Inventory for today! (05th OCT 2023)
Aluminium up by 17075MT
Copper up by 1475MT
Lead up by 4700MT
Nickel up by 180MT
Zinc down by -650MT
Team Indian Market View
š Commodities šŖ Morning Update by IMV (05th Oct 2023) š®š³āš»
āļø Kindly follow our levels carefully. š§šš»
āļø Gold has support at 56700 and resistance 57000. Break and sustain below 56700 will take it to the next support level of 56550...56400 and sustainable trade above 57000 can see further upside move towards the next resistance level of 57150ā¦57300
āļø Copper has support at 698 and resistance at 704 Sustainable trade above 704 will see the upside move towards 707, 710 and if sustained below 698 can catch the downside move towards 695, 692 respectively.
āļø Crude Oil has support at 7020 and resistance at 7120. Sustainable trade below 7020 can see more downside towards 6980ā¦6940 and if sustained above 7120 will see the upside move towards 7160ā¦7200 levels.
š Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Impact - As per actual data figure it is Positive for CRUDE OIL Priceas
ISM Services PMI
Previous: 54.50
Forecast: 53.50
Actual: 53.60
As per actual data figure it is NEUTRAL for Bullion
Final Services PMI
Previous: 50.20
Forecast: 50.20
Actual: 50.1
As per actual data figure it is SLIGHTLY POSITIVE for Bullion
ADP Non-Farm Employment Change
Previous: 177K
Forecast: 154K
Actual: 89K
As per actual data figure it is POSITIVE for Bullion
š¢ MCX Commodities šŖ Evening Session Technical Levels š§ by IMV (04th Oct 2023) āļø
āļø Kindly follow our levels carefully. šš»š¤
āļø Gold š„ has support at 56700 and resistance 57000. Break and sustain below 56700 will take it to the next support level of 56550...56400 and sustainable trade above 57000 can see further upside move towards the next resistance level of 57150ā¦57300
āļø Copper āļø has support at 701 and resistance at 707 Sustainable trade above 707 will see the upside move towards 710, 713 and if sustained below 701 can catch the downside move towards 698, 695 respectively.
āļø Crude Oil š¢ļø has support at 7280 and resistance at 7390. Sustainable trade below 7280 can see more downside towards 7250ā¦7210 and if sustained above 7390 will see the upside move towards 7430ā¦7470 levels.
š Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Major US Economic Data Today
All Day : OPEC-JMMC Meetings (ALL DAY)
05:45 PM : ADP Non-Farm Employment Change
07:30 PM : ISM Services PMI
07:55 PM : FOMC Member Bowman Speaks
08:00 PM : Crude Oil Inventories
Team Indian Market View
LME Inventory for today (04th Oct 2023)
Aluminium up by 17075MT,
Copper down by -175MT,
Lead up by 275MT,
Nickel up by 318MT
Zinc down by -675MT.
Team Indian Market View
š Commodities šŖ Morning Update by IMV (04th Oct 2023) š®š³āš»
āļø Kindly follow our levels carefully. š§šš»
āļø Silver has support at 66700 while resistance at 67300. Sustainable trade below 66700 will take it to 66400...66100 very soon. If it breaks and sustain the resistance level of 67300 then will take it to 67600---67900, respectively.
āļø Zinc has support at 221 and resistance at 225 Break and sustained below 221 will see the downside move 219---217 and if sustained above 225 can see further upside towards 227ā¦229 levels.
āļø Natural Gas support has 240 and resistance 250. Sustainable trade above 250 can see more rally towards the next level of 255, 260 and if sustained below 240 then can move towards 235ā¦230.
š Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
