Indian Market View Commodity Channel (SEBI Registered)

Major US Data Update 👉 Average Hourly Earnings m/m Previous: 0.5% Forecast: 0.3% Actual: ?? 👉 Non-Farm Employment Change Previous: 253K Forecast: 193K Actual: ?? 👉 Unemployment Rate Previous: 3.40% Forecast: 3.50% Actual: ?? Actual data releasing time 06:00 PM, Let's see what comes??

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (02nd June 2023) ✍️ ⚠️ **Today Evening we have very important US data, which is as follows**👇👇 06:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate (All 3 data are very important and will have large impact on GOLD and SILVER Prices. We may see volatality in it) ✒️ Kindly follow our levels carefully. 🤓👇🏻 ✒️ Gold 🥇 has support at 60100 and resistance 60400. Break and sustain below 60100 will take it to the next support level of 59950...59800 and sustainable trade above 60400 can see further upside move towards the next resistance level of 60550…60700 ✒️ Silver 🥈 has support at 72400 while resistance at 73000. Sustainable trade below 72400 will take it to 72100...71800 very soon. If it breaks and sustain the resistance level of 73000 then will take it to 73300---73600 respectively. ✒️ Copper ⛓️ has support at 720 and resistance at 725. Sustainable trade above 725 will see the upside move towards 728, 731 and if sustained below 720 can catch the downside move towards 717, 714 respectively. ✒️ Zinc 🥉 has support at 208 and resistance at 212 Break and sustained below 208 will see the downside move 206---204 and if sustained above 212 can see further upside towards 214…216 level. ✒️ Aluminium 🪩 has support at 207.50 and resistance at 211.50 Sustainable trade below 207.50 can see the downside move towards 205.50...203.50 and if sustains above 211.50 will take it to 213.50, 215.50 very soon. ✒️ Natural gas ⛽ support has 174 and resistance 185. Sustainable trade above 185 can see more rally towards the next level of 190, 195 and if sustained below 174 then can move towards 168....163. ✒️ Crude oil 🛢️ has support at 5820 and resistance at 5920. Sustainable trade below 5820 can see more downside towards 5780…5740 and if sustained above 5920 will see the upside move towards 5960…6000 levels. www.indianmarketview.com

LME Inventory for today Aluminium up by 200MT Copper down by -850MT Lead up by 250MT Nickel up by 6MT Zinc up by 14050MT. Team Indian Market View

🌞 Commodities 🪙 Morning Update by IMV (02nd June 2023) 🇮🇳✍🏻 ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Gold has support at 60200 and resistance 60500.Break and sustain below 60200 will take it to the next support level of 60050...59900 and sustainable trade above 60500 can see further upside move towards the next resistance level of 60650…60800 ✒️ Zinc has support at 206 and resistance at 210 Break and sustained below 206 will see the downside move 204---202 and if sustained above 210 can see further upside towards 212…214 levels. ✒️ Crude oil has support at 5780 and resistance at 5860. Sustainable trade below 5780 can see more downside towards 5740…5700 and if sustained above 5860 will see the upside move towards 5900…5940 levels. Rest of the commodities morning levels send to paid subscribers. 😊 Subscribe our any MCX Package to get daily morning levels complimentary 📲🤝🏻 www.indianmarketview.com

Almost half of the report buyers have not joined WhatsApp Announcement Group.... They are missing all these **लगभग आधे रिपोर्ट खरीदार व्हाट्सएप घोषणा समूह में शामिल नहीं हुए हैं वो यह सब लेवल्स मिस कर रहे है।**

GASOLINE and HEATING OIL STOCK PILES Inventory came negative. So Data mix to slightly positive.

Crude Oil Inventories Actual: 4.488M Previous: -12.456M EIA Refinery Crude Runs (WoW) Actual: 0.096M Previous: 0.079M Crude Oil Imports Actual: 1.001M Forecast: 0.432M Previous: -1.249M Cushing Crude Oil Inventories Actual: 1.628M Forecast: 0.772M Previous: 1.762M Distillate Fuel Production Actual: 0.165M Forecast: -0.026M Previous: 0.019M EIA Weekly Distillates Stocks Actual: 0.985M Forecast: -0.118M Previous: -0.562M Gasoline Production Actual: -0.344M Forecast: -0.060M Previous: 0.833M Heating Oil Stockpiles Actual: -1.289M Forecast: 0.009M Previous: 0.481M EIA Weekly Refinery Utilization Rates (WoW) Actual: 0.014 Previous: -0.003

Crude Oil Inventories ACTUAL : 4.5M IMPACT : NEGATIVE FOR CRUDE OIL Detail inventory giving soon!

USA Natural Gas Storage Forecast 106B Previous 96B Actual 110B Impact : Negative for Natural Gas Prices

ISM Manufacturing PMI Actual: 46.9 Forecast: 47.0 Previous: 47.1 ISM Manufacturing Prices Actual: 44.2 Forecast: 52.4 Previous: 53.2 Construction Spending m/m Actual: 1.2% Forecast: 0.2% Previous: 0.3% IMPACT: MIX FOR BULLION

Final Manufacturing PMI Actual: 48.4 Forecast: 48.5 Previous: 48.5 Actual Data came as per expectations!

Unemployment Claims Actual: 232K Forecast: 236K Previous: 229K Revised Nonfarm Productivity q/q Actual: -2.1% Forecast: -2.6% Previous: -2.7% Revised Unit Labor Costs q/q Actual: 4.2% Forecast: 6.2% Previous: 6.3% IMPACT : As per actual data figure it is slightly positive for GOLD

ADP Non-Farm Employment Change Actual: 278K Forecast: 173K Previous: 296K AS PER DATA FIGURE IT IS NEGATIVE FOR BULLION

Today too many US data in the evening session! This will create confusion and volatality specially in Gold and Silver. Because impact of one data can null the impact of other data. Stay Cautious!

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (01st June 2023) ✍️ Major US Economic Data today evening 05:45 PM : ADP Non-Farm Employment Change 06:00 PM : Unemployment Claims 07:30 PM : ISM Manufacturing PMI 07:30 PM : ISM Manufacturing Prices 08:00 PM : Natural Gas Storage 08:30 PM : Crude Oil Inventories ✒️ Kindly follow our levels carefully. 🤓👇🏻🧐 ✒️ Gold 🥇 has support at 59700 and resistance 60000. Break and sustain below 59700 will take it to the next support level of 59550...59400 and sustainable trade above 60000 can see further upside move towards the next resistance level of 60150…60300 ✒️ Silver 🥈 has support at 71200 while resistance at 71800. Sustainable trade below 71200 will take it to 70900...70600 very soon. If it breaks and sustain the resistance level of 71800 then will take it to 72100---72400 respectively. ✒️ Copper ⛓️ has support at 714 and resistance at 720. Sustainable trade above 720 will see the upside move towards 723, 726 and if sustained below 714 can catch the downside move towards 711, 708 respectively. ✒️ Zinc 🥉 has support at 207.50 and resistance at 211.50 Break and sustained below 207.50 will see the downside move 205.50---203.50 and if sustained above 211.50 can see further upside towards 213.50…215.50 level. ✒️ Aluminium 🪩 has support at 206.50 and resistance at 210.50 Sustainable trade below 206.50 can see the downside move towards 204.50...202.50 and if sustains above 210.50 will take it to 212.50, 214.50 very soon. ✒️ Natural gas ⛽ support has 182 and resistance 194. Sustainable trade above 194 can see more rally towards the next level of 199, 204 and if sustained below 182 then can move towards 176....170. ✒️ Crude oil 🛢️ has support at 5590 and resistance at 5690. Sustainable trade below 5590 can see more downside towards 5550…5510 and if sustained above 5690 will see the upside move towards 5730…5770 levels. www.indianmarketview.com