Indian Market View Commodity Channel (SEBI Registered)

CRUDE OIL Inventory Positive But other associate inventory Negative So Impact MIX

Final Wholesale Inventories m/m Previous: -0.40% Forecast: -0.40% Actual: -0.40% Impact: Data neutral and as expected for Bullion

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (08/05/2024)✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ Gold (June)🥇 has support at 71000 and resistance 71300. Break and sustain below 71000 will take it to the next support level of 70850...70700 and sustainable trade above 71300 can see further upside move towards the next resistance level of 71450…71600 ✒️ Zinc (May)🥉 has support at 256.70 and resistance at 260.70 Break and sustained below 256.70 will see the downside move 254.70---252.80 and if sustained above 260.70 can see further upside towards 262.50…264.50 levels. ✒️ Natural Gas (May)⛽ support has 183 and resistance 193. Sustainable trade above 193 can see more rally towards the next level of 198, 204 and if sustained below 183 then can move towards 178…173. 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

Major US Economic Data Today (08th May 2024) 07:30 PM : Final Wholesale Inventories m/m (not much important data) 08:00 PM : Crude Oil Inventories

LME Inventory for today (8th May 2024) Aluminium down by -3325MT Copper down by -1350MT Lead down by -9475MT Nickel up by 1116MT Zinc up by 550MT. Indian Market View

🌞 Commodities 🪙 Morning Update by IMV (08th May 2024)🇮🇳✍🏻 ✒ Kindly follow our levels carefully 🧐 ✒️ Silver (July)🥈 has support at 82650 while resistance at 83250. Sustainable trade below 82650 will take it to 82350...82100 very soon. If it breaks and sustain the resistance level of 83250 then will take it to 83550---83850, respectively. ✒️ Copper (May)⛓️ has support at 857.50 and resistance at 863.50 Sustainable trade above 863.50 will see the upside move towards 866.50, 869 and if sustained below 857.50 can catch the downside move towards 854.50, 851.50 respectively. ✒️ Crude Oil (May)🛢️ has support at 6490 and resistance at 6580. Sustainable trade below 6490 can see more downside toward 6450…6410 and if sustained above 6580 will see the upside move towards 6620…6660 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

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (7th May 2024)✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ Silver (July)🥈 has support at 82300 while resistance at 82900. Sustainable trade below 82300 will take it to 82000...81700 very soon. If it breaks and sustain the resistance level of 82900 then will take it to 83200---83500, respectively. ✒️ Zinc (May)🥉 has support at 257 and resistance at 261 Break and sustained below 257 will see the downside move 255---253 and if sustained above 261 can see further upside towards 263…265 levels. ✒️ Natural Gas (May)⛽ support has 178 and resistance 188. Sustainable trade above 188 can see more rally towards the next level of 193, 198 and if sustained below 178 then can move towards 173…168. 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

⚠️ No Major US Economic Data Today Evening

🌞 Commodities 🪙 Morning Update by IMV (07th May 2024)🇮🇳✍🏻 ✒ Kindly follow our levels carefully 🧐 ✒️ Gold (June)🥇 has support at 71150 and resistance 71450. Break and sustain below 71150 will take it to the next support level of 71010...70860 and sustainable trade above 71450 can see further upside move towards the next resistance level of 71600…71750 ✒️ Copper (May)⛓ has support at 865 and resistance at 871 Sustainable trade above 871 will see the upside move towards 874, 877 and if sustained below 865 can catch the downside move towards 862, 859 respectively. ✒️ Crude Oil (May)🛢 has support at 6540 and resistance at 6620. Sustainable trade below 6540 can see more downside toward 6500…6460 and if sustained above 6620 will see the upside move towards 6660…6700 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

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (06th May 2024)✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ Silver (July)🥈 has support at 82200 while resistance at 82800. Sustainable trade below 82200 will take it to 81950...81650 very soon. If it breaks and sustain the resistance level of 82800 then will take it to 83050---83300, respectively. ✒️ Zinc (May)🥉 has support at 257.20 and resistance at 261.20 Break and sustained below 257.20 will see the downside move 255.20---253.20 and if sustained above 261.20 can see further upside towards 263.20…265.20 levels. ✒️ Natural Gas (May)⛽ support has 174 and resistance 186. Sustainable trade above 186 can see more rally towards the next level of 192, 198 and if sustained below 174 then can move towards 168…162. 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

⚠️ No Major US Economic Data today (06th May 2024)

🌞 Commodities 🪙 Morning Update by IMV (06th May 2024)🇮🇳✍🏻 ✒ Kindly follow our levels carefully 🧐 **✒️ Gold (June)🥇**has support at 70750 and resistance 71050. Break and sustain below 70750 will take it to the next support level of 70600...70450 and sustainable trade above 71050 can see further upside move towards the next resistance level of 71200…71350 **✒️ Copper (May)⛓️**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. ✒️ Crude Oil (May)🛢️ has support at 6510 and resistance at 6590. Sustainable trade below 6510 can see more downside toward 6470…6430 and if sustained above 6590 will see the upside move towards 6630…6670 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*

🔤🔤🔤🔤🔤🔤 🔤🔤🔤🔤🔤🔤

📢 Dear All, Sorry for the delay 🙏 We have just published our this Week's (06th to 10th May 2024) Commodity Report. Click on the link to buy your report copy + Join Weekly Premium WhatsApp Community (Link given in report). Price Just Rs 295 Payment Link 👇👇 rpy.club/lm/rkN45gS3mO ✅✅ (After payment, join Premium WhatsApp Community and get All commodities intraday levels + premium updates + Premium audio messages. यह सब कुछ इंग्लिश और हिंदी दोनों में) Hurry! This payment link will work only till today (06th May 2024) till 01:30 PM only. Thanks Team Indian Market View

Final Services PMI Actual Data: 51.30 Impact: NEGATIVE for Bullion

Average Hourly Earnings m/m Actual Data: 0.20% Impact: POSITIVE Non-Farm Employment Change Actual Data: 175K Impact: POSITIVE Unemployment Rate Actual Data: 3.90% Impact: POSITIVE NOTE: All Impact mentioned here is for Bullions

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (3rd May 2024)✍️ ✒ Kindly follow our levels carefully 🧐👇🏻 ✒️ Silver (July)🥈 has support at 80900 while resistance at 81500. Sustainable trade below 80900 will take it to 80600...80300 very soon. If it breaks and sustain the resistance level of 81500 then will take it to 81800---82000, respectively. ✒️ Zinc (May)🥉 has support at 255.50 and resistance at 259.50 Break and sustained below 255.50 will see the downside move 253.50---251.50 and if sustained above 259.50 can see further upside towards 261.50…263.50 levels. ✒️ Crude oil (May)🛢 has support at 6570 and resistance at 6650. Sustainable trade below 6570 can see more downside toward 6530…6490 and if sustained above 6650 will see the upside move towards 6700…6740 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