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#MCX #Commodities Evening Session Technical Levels by IMV (21st April 2023) ✍️
Important #USEconomicData Today Evening! 👇🏻
07:15 PM : Flash Manufacturing PMI and Flash Services PMI
✒️ Kindly follow our levels carefully 👇🏻
✒️ #Gold 🥇 has support at 59900 and resistance 60200. Break and sustain below 59900 will take it to the next support level of 59750...59600 and sustainable trade above 60200 can see further upside move towards the next resistance level of 60350…60500
✒️ #Silver 🥈 has support at 74600 while resistance at 75300. Sustainable trade below 74600 will take it to 74300...74000 very soon. If it breaks and sustain the resistance level of 75300 then will take it to 75600---75900 respectively.
✒️ #Copper ⛓️ has support at 759 and resistance at 765 Sustainable trade above 765 will see the upside move towards 768, 771 and if sustained below 759 can catch the downside move towards 756, 753 respectively.
✒️ #Zinc 🥉 has support at 243 and resistance at 247 Break and sustained below 243 will see the downside move 241---239 and if sustained above 247 can see further upside towards 249…251 level.
✒️ #Aluminium 🪩 has support at 209.50 and resistance at 213.50 Sustainable trade below 209.50 can see the downside move towards 207.50...205.50 and if sustains above 213.50 will take it to 215.50, 217.50 very soon.
✒️ #NaturalGas ⛽ support has 176 and resistance 188. Sustainable trade above 176 can see more rally towards the next level of 170, 165 and sustained below 188 then can move towards 194....200.
✒️ #CrudeOil (May) 🛢️ has support at 6320 and resistance at 6410. Sustainable trade below 6320 can see more downside towards 6280…6240 and if sustained above 6410 will see the upside move towards 6450…6490 levels.
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#LME Inventory for today (21st April 2023)
Aluminium down by -875MT
Copper up by 25MT
Lead up by 850MT
Nickel down by -114MT
Zinc up by 4425MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (21st Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 60250 and resistance 60600.Break and sustain below 60250 will take it to the next support level of 60100...59950 and sustainable trade above 60600 can see further upside move towards the next resistance level of 60750…60900
✒️ #Zinc has support at 243 and resistance at 248 Break and sustained below 243 will see the downside move 241---239 and if sustained above 248 can see further upside towards 250…252 levels.
✒️ #CrudeOil (May) has support at 6320 and resistance at 6420. Sustainable trade below 6320 can see more downside towards 6280…6240 and if sustained above 6420 will see the upside move towards 6460…6500 levels.
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Natural Gas Storage
Actual: 75B
Forecast: 69B
Previous: 25B
IMPACT AS PER DATA IT IS WEAK FOR NATURAL GAS
EXISTING HOME SALES DATA
PREVIOUS: 4.58M
FORECAST: 4.50M
ACTUAL: 4.4M
IMPACT: AS PER DATA FIGURE IT IS POSITIVE FOR BULLION
TEAM INDIAN MARKET VIEW
Unemployment Claims
PREVIOUS: 239K
FORECAST: 240K
ACTUAL: 245K
Philly Fed Manufacturing Index
PREVIOUS: -23.2
FORECAST: -19.2
ACTUAL: -31.3
IMPACT: DATA IS POSITIVE FOR BULLION
TEAM INDIAN MARKET VIEW
#MCX #Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (20th April 2023) ✍️
Major #USEconomicData Today
⚠️ Many Important Data to look for today
06:00 PM : Unemployment Claims, Philly Fed Manufacturing Index
07:30 PM : Existing Home Sales, CB Leading Index m/m
08:00 PM : Natural Gas Storage
Around 08:00 PM : Treasury Sec Yellen Speaks
09:00 PM : FOMC Member Waller Speaks
✒️ Kindly follow our levels carefully. 👇🏻🧐
✒️ #Gold 🥇 has support at 60250 and resistance 60550. Break and sustain below 60250 will take it to the next support level of 60100...60000 and sustainable trade above 60550 can see further upside move towards the next resistance level of 60700…60850
✒️ #Silver 🥈 has support at 75500 while resistance at 76100. Sustainable trade below 75500 will take it to 75200...74900 very soon. If it breaks and sustain the resistance level of 76100 then will take it to 76400---76700 respectively.
✒️ #Copper ⛓️ has support at 764 and resistance at 770 Sustainable trade above 770 will see the upside move towards 773, 776 and if sustained below 764 can catch the downside move towards 761, 758 respectively.
✒️ #Zinc 🥉 has support at 243.50 and resistance at 247.50 Break and sustained below 243.50 will see the downside move 241.50---240 and if sustained above 247.50 can see further upside towards 249.50…251.40 level.
✒️ #Aluminium 🪩 has support at 211.60 and resistance at 215.50 Sustainable trade below 211.60 can see the downside move towards 209.50...207 and if sustains above 215.50 will take it to 217.50, 219 very soon.
✒️ #NaturalGas ⛽ support has 178 and resistance 190. Sustainable trade above 190 can see more rally towards the next level of 195, 200 and sustained below 178 then can move towards 173....168.
✒️ #CrudeOil (May) 🛢️ has support at 6360 and resistance at 6440. Sustainable trade below 6360 can see more downside towards 6320…6280 and if sustained above 6440 will see the upside move towards 6480…6520 levels.
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#LME Inventory for today (20th April 2023)
Aluminium down by -1300MT
Copper up by 675MT
Lead up by 700MT
Nickel up by 102MT
Zinc up by 4425MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (20th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Silver has support at 75000 while resistance at 75600. Sustainable trade below 75000 will take it to 74700...74400 very soon. If it breaks and sustain the resistance level of 75600 then will take it to 75900---76200, respectively.
✒️ #Copper has support at 774 and resistance at 780. Sustainable trade above 780 will see the upside move towards 783, 786 and if sustained below 774 can catch the downside move towards 771, 768 respectively.
✒️ #CrudeOil (May) has support at 6420 and resistance at 6500. Sustainable trade below 6420 can see more downside towards 6380…6340 and if sustained above 6500 will see the upside move towards 6540…6580 levels.
Rest of the commodities morning levels send to paid subscribers. 😊
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**AS PER DATA IT IS POSITIVE FOR CRUDE OIL PRICES*"
Crude Oil Inventories
Actual: -4.581M
Forecast: -1.088M
Previous: 0.597M
EIA Refinery Crude Runs (WoW)
Actual: 0.259M
Previous: -0.030M
Crude Oil Imports
Actual: -1.743M
Forecast: -0.778M
Previous: 1.561M
Cushing Crude Oil Inventories
Actual: -1.088M
Forecast: 0.622M
Previous: -0.409M
Distillate Fuel Production
Actual: 0.167M
Forecast: -0.014M
Previous: -0.157M
EIA Weekly Distillates Stocks
Actual: -0.356M
Forecast: -0.927M
Previous: -0.606M
Gasoline Production
Actual: -0.343M
Forecast: -0.051M
Previous: -0.033M
Heating Oil Stockpiles
Actual: -0.260M
Forecast: 0.081M
Previous: 1.015M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: 1.70%
Forecast: 0.50%
Previous: -0.30%
Gasoline Inventories
Actual: 1.300M
Forecast: -1.267M
Previous: -0.331M
#MCX #Commodities Evening Session Technical Levels by IMV (19th April 2023) ✍️
Major #USEconomic Data Today!
08:00 PM : Crude Oil Inventories
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold 🥇 has support at 59600 and resistance 59900. Break and sustain below 59600 will take it to the next support level of 59450...59300 and sustainable trade above 59900 can see further upside move towards the next resistance level of 60050…60200
✒️ #Silver 🥈 has support at 73900 while resistance at 74500. Sustainable trade below 73900 will take it to 73600...73300 very soon. If it breaks and sustain the resistance level of 74500 then will take it to 74800---75100 respectively.
✒️ #Copper ⛓️ has support at 771 and resistance at 777 Sustainable trade above 777 will see the upside move towards 780, 783 and if sustained below 771 can catch the downside move towards 768, 765 respectively.
✒️ #Zinc 🥉 has support at 246 and resistance at 251 Break and sustained below 246 will see the downside move 244---242 and if sustained above 251 can see further upside towards 253…255 level.
✒️ #Aluminium 🪩 has support at 210.50 and resistance at 214.50 Sustainable trade below 210.50 can see the downside move towards 208.50...206 and if sustains above 214.50 will take it to 216.50, 218 very soon.
✒️ #NaturalGas ⛽ support has 188 and resistance 198. Sustainable trade above 198 can see more rally towards the next level of 204, 210 and sustained below 188 then can move towards 182....176.
✒️ #CrudeOil (May) 🛢️has support at 6510 and resistance at 6600. Sustainable trade below 6510 can see more downside towards 6470…6430 and if sustained above 6600 will see the upside move towards 6640…6680 levels.
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#LME Inventory for today (19th April 2023)
#Aluminium up by 500MT,
#Copper up by 625MT,
#Lead up by 4750MT,
#Nickel up by 270MT
#Zinc up by 4925MT.
Team Indian Market View
#MCX #Commodities Morning Update by IMV (19th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 60300 and resistance 60600.Break and sustain below 60300 will take it to the next support level of 60150...60000 and sustainable trade above 60600 can see further upside move towards the next resistance level of 60750…60900
✒️ #Zinc has support at 251 and resistance at 255 Break and sustained below 251 will see the downside move 249---247 and if sustained above 255.50 can see further upside towards 257.50…259 levels.
✒️ #NaturalGas support has 188 and resistance 200. Sustainable trade above 200 can see more rally towards the next level of 206, 212 and if sustained below 188 then can move towards 182…176.
Rest of the commodities morning levels send to paid subscribers. 😊
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For the people who have purchased "Weekly Commodity Report". Others can ignore.
USA Building Permits
Forecast 1.46M
Previous 1.52M
Actual 1.41M
Imapct : Positive for bullion and Negative for base metals.
Housing Starts
Forecast 1.40M
Previous 1.45M
Actual 1.42M
Impact: Slightly Negative for bullion and Positive for base metals.
Overall Mix Data Impact
#MCX #Commodities Evening Session Technical Levels by IMV (18th April 2023) ✍️
Important #USEconomic Data Today
06:00 PM : Building Permits and Housing Starts
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold 🥇 has support at 60150 and resistance 60500. Break and sustain below 60150 will take it to the next support level of 60000...59850 and sustainable trade above 60500 can see further upside move towards the next resistance level of 60650…60800
✒️ #Silver 🥈 has support at 74600 while resistance at 75200. Sustainable trade below 74600 will take it to 74300...74000 very soon. If it breaks and sustain the resistance level of 75200 then will take it to 75500---75800 respectively.
✒️ #Copper ⛓️ has support at 775.50 and resistance at 781.50. Sustainable trade above 781.50 will see the upside move towards 784, 787 and if sustained below 775.50 can catch the downside move towards 772.50, 770 respectively.
✒️ #Zinc 🥉 has support at 250 and resistance at 254 Break and sustained below 250 will see the downside move 248---246 and if sustained above 254 can see further upside towards 256…258 level.
✒️ #Aluminium 🪩 has support at 210 and resistance at 214 Sustainable trade below 210 can see the downside move towards 208...206 and if sustains above 214 will take it to 216, 218 very soon.
✒️ #NaturalGas ⛽ support has 186 and resistance 196. Sustainable trade above 196 can see more rally towards the next level of 201, 206 and sustained below 186 then can move towards 180....175.
✒️ #CrudeOil 🛢️ has support at 6560 and resistance at 6650. Sustainable trade below 6560 can see more downside towards 6520…6480 and if sustained above 6650 will see the upside move towards 6690…6730 levels.
www.indianmarketview.com
#LME Inventory for today (18th April 2023)
Aluminium up by 44725MT
Copper up by 1275MT
Lead up by 4750MT
Nickel up by 354MT
Zinc up by 6100MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (18th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Silver has support at 74500 while resistance at 75100. Sustainable trade below 74500 will take it to 74200...73900 very soon. If it breaks and sustain the resistance level of 75100 then will take it to 75400---75700, respectively.
✒️ #Copper has support at 777 and resistance at 783. Sustainable trade above 783 will see the upside move towards 786, 789 and if sustained below 777 can catch the downside move towards 774, 771 respectively.
✒️ #NaturalGas support has 182 and resistance 194. Sustainable trade above 194 can see more rally towards the next level of 200, 205 and if sustained below 182 then can move towards 176…170.
Rest of the commodities morning levels send to paid subscribers. 😊
Subscribe our any MCX Package to get daily morning levels complimentary 📲🤝🏻
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