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Major US Economic Data at today evening (14th April 2023)
⚠️ Many imoportant data lined up today!
06:00 PM : Core Retail Sales m/m and Retail Sales m/m
06:15 PM : FOMC Member Waller Speech
07:30 PM : Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations
(These are the important ones on which traders should keep an eye 👀 on. Other than these we have several other data's which are of less impact scheduled between 6 to 7.30 PM)
👉 Indian Commodities Market will open at 06:00 PM
Team Indian Market View
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Natural Gas Inventory Update
Natural Gas Storage
Actual: 25B
Forecast: 25B
Previous: -23B
Impact: Data is as per expectations
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Dear All, From past many years we are giving Daily FREE Levels, LME Data and Market Updates. Please give your vote whether you read our updates carefully or not? Please do give your votes as it is important for us and this vote is anonymys and we can o
Dear All, From past many years we are giving Daily FREE Levels, LME Data and Market Updates. Please give your vote whether you read our updates carefully or not? Please do give your votes as it is important for us and this vote is anonymys and we can o
Core PPI m/m
Actual: -0.1%
Forecast: 0.2%
Previous: 0.0%
PPI m/m
Actual: -0.5%
Forecast: 0.0%
Previous: -0.1%
Unemployment Claims
Actual: 239K
Forecast: 233K
Previous: 228K
IMPACT AS PER DATA IT WILL HAVE MIX TO POSITIVE IMPACT ON BULLION
#MCX #Commodities Evening Session Technical Levels by IMV (13th April 2023) ✍️
Major #USEconomic Data Today Evening (13th April 2023)
⚠️ Many Important data lined up today!
06:00 PM : Core PPI m/m, PPI m/m and Unemployment Claims
(All these data will impact Dollar which will result volatality in all commodities)
✒️ Kindly follow our levels carefully.
✒️ #Gold 🥇 has support at 60750 and resistance 61050. Break and sustain below 60750 will take it to the next support level of 60600...60450 and sustainable trade above 61050 can see further upside move towards the next resistance level of 61200…61350
✒️ #Silver 🥈 has support at 76000 while resistance at 76600. Sustainable trade below 76000 will take it to 75700...75400 very soon. If it breaks and sustain the resistance level of 76600 then will take it to 76900---77200 respectively.
✒️ #Copper 🥉 has support at 782 and resistance at 788. Sustainable trade above 788 will see the upside move towards 791, 794 and if sustained below 782 can catch the downside move towards 779, 776 respectively.
✒️ #Zinc 🥉 has support at 247 and resistance at 251 Break and sustained below 247 will see the downside move 245---243 and if sustained above 251 can see further upside towards 253…255 level.
✒️ #Aluminium 🪩 has support at 205.50 and resistance at 209.50 Sustainable trade below 205.50 can see the downside move towards 203...201 and if sustains above 209.50 will take it to 211.50, 213 very soon.
✒️ #NaturalGas ⛽ support has 166 and resistance 178. Sustainable trade above 178 can see more rally towards the next level of 184, 190 and sustained below 166 then can move towards 160....155.
✒️ #CrudeOil 🛢️ has support at 6760 and resistance at 6840. Sustainable trade below 6760 can see more downside towards 6720…6680 and if sustained above 6840 will see the upside move towards 6880…6920 levels.
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#LME Inventory for today (13th April 2023)
Aluminium up by 3325MT
Copper down by -2375MT
Lead up by 500MT
Nickel down by -264MT
Zinc up by 5675MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (13th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 60600 and resistance 60900.Break and sustain below 60600 will take it to the next support level of 60450...60300 and sustainable trade above 60900 can see further upside move towards the next resistance level of 61050…61200
✒️ #Zinc has support at 245 and resistance at 249 Break and sustained below 245 will see the downside move 243---241 and if sustained above 249 can see further upside towards 251…253 levels.
✒️ #NaturalGas has support at 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.
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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Good morning dear traders have a great day ahead 🌞
Last night, after FOMC meeting minutes we have seen a slight jump in COMEX GOLD and SILVER prices.
IN ITS MEETING FED STAFF PROJECTED A MILD RECESSION STARTING LATER IN 2023
👉 Today in MCX Market Gold and Silver is going to give a slightly gap up start. Be cautious at upper levels.
Team Indian Market View
Crude Oil Inventories
Actual: 0.597M
Forecast: -0.583M
Previous: -3.739M
EIA Refinery Crude Runs (WoW)
Actual: -0.030M
Previous: -0.198M
Crude Oil Imports
Actual: 1.561M
Forecast: -0.757M
Previous: 1.164M
Cushing Crude Oil Inventories
Actual: -0.409M
Forecast: 0.130M
Previous: -0.970M
Distillate Fuel Production
Actual: -0.157M
Forecast: 0.032M
Previous: 0.107M
EIA Weekly Distillates Stocks
Actual: -0.606M
Forecast: -0.764M
Previous: -3.632M
Gasoline Production
Actual: -0.033M
Forecast: 0.125M
Previous: -0.187M
Heating Oil Stockpiles
Actual: 1.015M
Forecast: 0.171M
Previous: -0.721M
EIA Weekly Refinery Utilization Rates (WoW)
Actual: -0.003
Forecast: 0.50%
Previous: -0.70%
Gasoline Inventories
Actual: -0.331M
Forecast: -1.600M
Previous: -4.119M
IMPACT : AS PER DATA FIGURE IT IS NEGATIVE FOR CRUDE OIL PRICES
Major US Data Update
CPI m/m
Actual: 0.1%
Forecast: 0.2%
Previous: 0.4%
CPI y/y
Actual: 5.0%
Forecast: 5.1%
Previous: 6.0%
Core CPI m/m
Actual: 0.4%
Forecast: 0.4%
Previous: 0.5%
IMPACT AS PER DATA IT IS WEAK FOR DOLLAR AND POSITIVE FOR BULLION
Major MCX Commodities Evening Session Technical Levels (12th April 2023)
✒️ Kindly follow our levels carefully
✒️ Gold (June) has support at 60500 and resistance 60800. Break and sustain below 60500 will take it to the next support level of 60350...60200 and sustainable trade above 60800 can see further upside move towards the next resistance level of 60950…61100
✒️ Silver (May) has support at 75100 while resistance at 75700. Sustainable trade below 75100 will take it to 74800...74500 very soon. If it breaks and sustain the resistance level of 75700 then will take it to 76000---76300 respectively.
✒️ Copper (April) has support at 768 and resistance at 774. Sustainable trade above 774 will see the upside move towards 777, 780 and if sustained below 768 can catch the downside move towards 765, 762 respectively.
✒️ Zinc (April) has support at 242.50 and resistance at 246.50 Break and sustained below 242.50 will see the downside move 240.50---238.50 and if sustained above 246.50 can see further upside towards 248.50…250 level.
✒️ Aluminium (April) has support at 201.50 and resistance at 205.50 Sustainable trade below 201.50 can see the downside move towards 200...198.50 and if sustains above 205.50 will take it to 207.50, 209.50 very soon.
✒️ Natural Gas (April) support has 176 and resistance 188. Sustainable trade above 188 can see more rally towards the next level of 194, 200 and sustained below 176 then can move towards 170....165.
✒️ Crude Oil (April) has support at 6660 and resistance at 6740. Sustainable trade below 6660 can see more downside towards 6620…6580 and if sustained above 6740 will see the upside move towards 6780…6820 levels.
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (12th Apr 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver (May) has support at 75400 while resistance at 76000. Sustainable trade below 75400 will take it to 75100...74800 very soon. If it breaks and sustain the resistance level of 76000 then will take it to 76300---76600, respectively.
✒️ Copper (April) has support at 772 and resistance at 778. Sustainable trade above 778 will see the upside move towards 781, 784 and if sustained below 772 can catch the downside move towards 769, 766 respectively.
✒️ Natural gas (April) support has 178 and resistance 188. Sustainable trade above 188 can see more rally towards the next level of 193, 199 and if sustained below 178 then can move towards 172…166.
Rest of the commodities morning levels send to paid subscribers. 😊
Subscribe our any MCX Package to get daily morning levels complimentary 📲🤝🏻
NATURAL GAS
CMP 180.20, Today's High 185.50
Natural gas has not been able to break its high of 185.50--186 since March 23, 2023 tried 4 times to break the same.
Now, once it breaks and sustain above these levels then we will see 194--198++ in the coming days!
Good accumulation zone around 174 to 172.
#MCX #Commodities Evening Session Technical Levels by IMV (11th April 2023) ✍️
No Major US Economic Data for today (11th April 2023)
✒️ Kindly follow our levels carefully. 👇🏻🧐
✒️ #Gold 🥇 has support at 60350 and resistance 60650. Break and sustain below 60350 will take it to the next support level of 60200...60050 and sustainable trade above 60650 can see further upside move towards the next resistance level of 60800…60950
✒️ #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 767 and resistance at 773. Sustainable trade above 773 will see the upside move towards 776, 779 and if sustained below 767 can catch the downside move towards 764, 761 respectively.
✒️ #Zinc 🥉 has support at 245.50 and resistance at 249.50 Break and sustained below 245.50 will see the downside move 243.50---241.50 and if sustained above 249.50 can see further upside towards 251.50…253.50 level.
✒️ #Aluminium 🪩 has support at 203 and resistance at 207 Sustainable trade below 203 can see the downside move towards 201...199 and if sustains above 207 will take it to 209, 211 very soon.
✒️ #NaturalGas ⛽ has support at 174 and resistance 184. Sustainable trade above 184 can see more rally towards the next level of 190, 196 and sustained below 174 then can move towards 169....164.
✒️ #CrudeOil 🛢️ has support at 6530 and resistance at 6620. Sustainable trade below 6530 can see more downside towards 6490…6450 and if sustained above 6620 will see the upside move towards 6660…6700 levels.
www.indianmarketview.com
#LME Inventory for today (11th April 2023)
#Aluminium down by -25MT,
#Copper up by 175MT,
#Lead up by 675MT,
#Nickel up by 264MT
#Zinc up by 6000MT.
www.indianmarketview.com
