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#Commodities Morning Update by IMV (06th Feb 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ #Silver (Mar) has support at 70100 while resistance at 70700. Sustainable trade below 70100 will take it to 69800...69500 very soon. If it breaks and sustain the resistance level of 70700 then will take it to 71000---71300, respectively.
✒️ #Zinc (Feb) has support at 215 and resistance at 219 Break and sustained below 215 will see the downside move 213---211 and if sustained above 219 can see further upside towards 221…223 levels.
✒️ #NaturalGas (Feb) support has 168 and resistance 178. Sustainable trade above 178 can see more rally towards the next level of 183, 188 and if sustained below 168 then can move towards 163…158.
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ISM Services PMI
Previous: 50.60
Forecast: 52.0
Actual: 53.40
Impact: NEGATIVE for Bullion
Final Services PMI
Previous: 52.9
Forecast: 52.9
Actual: 52.5
Impact: POSITIVE for Bullion
#MCX #Commodities Evening Session Technical Levels by IMV (05th Feb 2024) ✍️
Major US 🇺🇸 Economic Data Today Evening
08:15 PM : Final Services PMI
08:30 PM : ISM Services PMI
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 has support at 62150 and resistance 62450. Break and sustain below 62150 will take it to the next support level of 62000...61850 and sustainable trade above 62450 can see further upside move towards the next resistance level of 62600…62750
✒️ #Zinc (Feb) 🥉 has support at 215 and resistance at 219 Break and sustained below 215 will see the downside move 213---211 and if sustained above 219 can see further upside towards 221…223 levels.
✒️ #CrudeOil (Feb) 🛢️ has support at 5950 and resistance at 6040. Sustainable trade below 5950 can see more downside toward 5910…5870 and if sustained above 6040 will see the upside move towards 6080…6120 levels.
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LME Inventory for today (05th Feb 2024)
Aluminium down by -50MT
Copper down by -500MT
Lead up by 4575MT
Nickel up by 462MT
Zinc up by 8700MT
Team Indian Market View
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धन्यवाद्
#Commodities Morning Update by IMV (05th Feb 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ #Gold (April) has support at 62300 and resistance 62600. Break and sustain below 62300 will take it to the next support level of 62150...62000 and sustainable trade above 62600 can see further upside move towards the next resistance level of 62750…62900
✒️ #Copper (Feb) has support at 718 and resistance at 724 Sustainable trade above 724 will see the upside move towards 727, 730 and if sustained below 718 can catch the downside move towards 715, 712 respectively.
✒️ #NaturalGas (Feb) support has 168 and resistance 180. Sustainable trade above 180 can see more rally towards the next level of 185, 190 and if sustained below 168 then can move towards 162…156.
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📢 Dear All
We have just published our Weekly Commodity Report. Click on the link to buy your report copy + Join Weekly Premium WhatsApp Community (Link given in report) . Price Just Rs 295
MCX Commodity Weekly Report (29th Jan to 02nd Feb 2024), Payment link
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Average Hourly Earnings m/m
Actual: 0.6%
Forecast: 0.3%
Previous: 0.4%
Non-Farm Employment Change
Actual: 353K
Forecast: 187K
Previous: 216K
Unemployment Rate
Actual: 3.7%
Forecast: 3.8%
Previous: 3.7%
DATA IS NEGATIVE FOR BULLION PRICES
#MCX #Commodities Evening Session Technical Levels by IMV (02nd Feb 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 has support at 62750 and resistance 63050. Break and sustain below 62750 will take it to the next support level of 62600...62450 and sustainable trade above 63050 can see further upside move towards the next resistance level of 63200…63350
✒️ #Copper (Feb) ⛓️ has support at 720 and resistance at 726 Sustainable trade above 726 will see the upside move towards 729, 732 and if sustained below 720 can catch the downside move towards 717, 714 respectively.
✒️ #CrudeOil (Feb) 🛢️ has support at 6140 and resistance at 6220. Sustainable trade below 6140 can see more downside toward 6100…6060 and if sustained above 6220 will see the upside move towards 6260…6300 levels.
📢 Rest of the commodities levels + premium updates send on our PREMIUM TELEGRAM CHANNEL 👑
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.
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For any query Call your RM or WhatsApp us on +91-8744868888
Team Indian Market View
Major US Economic Data Today (02nd Feb 2024)
07:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate
08:30 PM : Revised UoM Consumer Sentiment, Factory Orders m/m, Revised UoM Inflation Expectations (Last 2 are NOT very important data)
LME Inventory for today (02nd Feb 2024)
Aluminium up by 150MT,
Copper down by -4900MT,
Lead up by 5450MT,
Nickel up by 114MT
Zinc up by 9200MT.
Team Indian Market View
Dear All
From last 2-3 days we are not getting LME from backend.
We are trying to get the same. If we get the same will share shortly.
Sorry for inconvenience 🙏
प्रिय साथियो
पिछले 2-3 दिनों से हमें बैकएंड से LME इन्वेंटरी नहीं मिल पा रही है।
हम और सोर्सेस से उसे पाने की कोशिश कर रहे है, जैसे ही हमे मिलती है तो हम आपको भेजेंगे।
असुविधा के लिए खेद है। 🙏
#Commodities Morning Update by IMV (02/02/2024) ✍️
✒️ Kindly follow our levels carefully.
✒️ #Silver (Mar) has support at 72000 while resistance at 72600. Sustainable trade below 72000 will take it to 71700...71400 very soon. If it breaks and sustain the resistance level of 72600 then will take it to 72900---73200, respectively.
✒️ #Copper (Feb) has support at 722.50 and resistance at 728.50 Sustainable trade above 728.50 will see the upside move towards 731, 734 and if sustained below 722.50 can catch the downside move towards 720, 717.50 respectively.
✒️ #Natural Gas (Feb) support has 166 and resistance 178. Sustainable trade above 178 can see more rally towards the next level of 184, 190 and if sustained below 166 then can move towards 160…155.
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NATURAL GAS STORAGE
ACTUAL: -197B
IMPACT: SLIGHTLY NEGATIVE FOR NG PRICES
ISM Manufacturing PMI
ACTUAL DATA: 49.1
IMPACT: NEGATIVE
ISM Manufacturing Prices
ACTUAL DATA: 52.9
IMPACT: NEGATIVE
NOTE: All Impact, mentioned here is for BULLION.
Final Manufacturing PMI
Actual: 50.70
Impact: Slightly negative for bullion
Unemployment Claims
ACTUAL DATA: 224K
IMPACT: POSITIVE
Prelim Nonfarm Productivity q/q
ACTUAL DATA: 3.2%
IMPACT: NEGATIVE
Prelim Unit Labor Costs q/q
ACTUAL DATA: 0.5%
IMPACT: POSITIVE
NOTE: All Impact, mentioned here is for BULLION.
#MCX #Commodities Evening Session Technical Levels by IMV (01st Feb 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 has support at 62400 and resistance 62700. Break and sustain below 62400 will take it to the next support level of 62250...62100 and sustainable trade above 62700 can see further upside move towards the next resistance level of 62850…63000
✒️ #Silver (Mar) 🥈 has support at 71200 while resistance at 71800. Sustainable trade below 71200 will take it to 71000...70700 very soon. If it breaks and sustain the resistance level of 71800 then will take it to 72100---72400, respectively.
✒️ #Zinc (Feb) 🥉 has support at 220.30 and resistance at 224.30 Break and sustained below 220.30 will see the downside move 218.30---216.30 and if sustained above 224.30 can see further upside towards 226.30…228.30 levels.
✒️ #NaturalGas (Feb) ⛽ support has 174 and resistance 184. Sustainable trade above 184 can see more rally towards the next level of 190, 195 and if sustained below 174 then can move towards 168…163.
📢 Rest of the commodities levels + premium updates send on our PREMIUM TELEGRAM CHANNEL 👑
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.
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For any query Call your RM or WhatsApp us on +91-8744868888
Team Indian Market View
¡Ya disponible! Investigación de Telegram 2025 — los principales insights del año 
