Indian Market View Commodity Channel (SEBI Registered)
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Official Channel of Indian Market View for Commodities. SEBI Reg. Research Analyst INH000010371 All opinions & views shared here are for Educational Purpose. Kindly consult your financial advisor. Call: 8744868888 www.indianmarketview.com
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🌞 Commodities 🪙 Morning Update by IMV (17th May 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 223.50 and resistance at 227.50 Break and sustained below 223.50 will see the downside move 221.50---220 and if sustained above 227.50 can see further upside towards 229.50…231 levels.
✒️ Crude oil has support at 5800 and resistance at 5880. Sustainable trade below 5800 can see more downside towards 5760…5720 and if sustained above 5880 will see the upside move towards 5920…5960 levels.
Rest of the commodities morning levels send to paid subscribers. 😊
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Major US Data
Core Retail Sales m/m
Previous : -0.80%
Forecast : 0.50%
Actual : 0.40%
Retail Sales m/m
Previous : -1.0%
Forecast : 0.80%
Actual : 0.40%
As per data figures it is SLIGHTLY POSITIVE for Bullion Prices.
Team Indian Market View
Major US Data in the evening session
Core Retail Sales m/m
Previous : -0.80%
Forecast : 0.50%
Actual : 0.40%
Retail Sales m/m
Previous : -1.0%
Forecast : 0.80%
Actual : 0.40%
As per data figures it is SLIGHTLY POSITIVE for Bullion Prices.
Team Indian Market View
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (16th May 2023) ✍️
Major US Economic Data Today!
06:00 PM : Core Retail Sales m/m and Retail Sales m/m
✒️ Kindly follow our levels carefully. 🤓👇🏻
✒️ Gold 🥇 has support at 60650 and resistance 60950. Break and sustain below 60650 will take it to the next support level of 60500...60350 and sustainable trade above 60950 can see further upside move towards the next resistance level of 61100…61250
✒️ Silver 🥈 has support at 72600 while resistance at 73200. Sustainable trade below 72600 will take it to 72300...72000 very soon. If it breaks and sustain the resistance level of 73200 then will take it to 73500---73800 respectively.
✒️ Copper ⛓️ has support at 717 and resistance at 723. Sustainable trade above 723 will see the upside move towards 726, 729 and if sustained below 717 can catch the downside move towards 714, 711 respectively.
✒️ Zinc 🥉 has support at 224.50 and resistance at 228.50 Break and sustained below 224.50 will see the downside move 222.50---220.50 and if sustained above 228.50 can see further upside towards 230.50…232.50 level.
✒️ Aluminium 🪩 has support at 204 and resistance at 208 Sustainable trade below 204 can see the downside move towards 202...200 and if sustains above 208 will take it to 210, 212 very soon.
✒️ Natural gas ⛽ 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.
✒️ Crude oil 🛢️ has support at 5810 and resistance at 5890. Sustainable trade below 5810 can see more downside towards 5770…5730 and if sustained above 5890 will see the upside move towards 5930…5970 levels.
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For more details about our 'Base Metals Commodities Package'
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LME Inventory for today (16th May 2023)
Aluminium down by -5750MT
Copper up by 6950MT
Lead up by 300MT
Nickel up by 66MT
Zinc up by 4400MT
Team Indian Market View
Morning Levels Target Update 🏹🎯
👉 SILVER - Below support 1st target achieved.
👉 COPPER - Below support 1st target achieved.
👉 Natural Gas - still trading between support and resistance. Any side breakout will confirm further move.
✅ Our Weekly Report Subscribers are getting 'ALL COMMODITIES MORNING LEVELS' complimentary. Not only this booked BIG PROFIT in GOLD and COPPER as both reversed from given resistance levels.
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🌞 Commodities 🪙 Morning Update by IMV (16th May 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver has support at 73000 while resistance at 73600. Sustainable trade below 73000 will take it to 72700...72400 very soon. If it breaks and sustain the resistance level of 73600 then will take it to 73900---74200, respectively.
✒️ Copper has support at 723 and resistance at 729. Sustainable trade above 729 will see the upside move towards 732, 735 and if sustained below 723 can catch the downside move towards 720, 717 respectively.
✒️ Natural gas 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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Empire State Manufacturing Index
Previous : 10.80
Forecast : -3.70
Actual : -31.80
IMPACT: As per data figure it is Positive for Bullion
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (15th May 2023) ✍️
Major US 🇺🇸 Economic Data Today
06:00 PM : Empire State Manufacturing Index
✒️ Kindly follow our levels carefully. 🤓👇🏻
✒️ Gold 🥇 has support at 60850 and resistance 61150. Break and sustain below 60850 will take it to the next support level of 60700...60550 and sustainable trade above 61150 can see further upside move towards the next resistance level of 61300…61450
✒️ Silver 🥈 has support at 73000 while resistance at 73600. Sustainable trade below 73000 will take it to 72700...72400 very soon. If it breaks and sustain the resistance level of 73600 then will take it to 73900---74200 respectively.
✒️ Copper ⛓️ has support at 727 and resistance at 733. Sustainable trade above 733 will see the upside move towards 736, 739 and if sustained below 727 can catch the downside move towards 724, 721 respectively.
✒️ Zinc 🥉 has support at 228.50 and resistance at 232.50 Break and sustained below 228.50 will see the downside move 226.50---224.50 and if sustained above 232.50 can see further upside towards 234.50…236.50 level.
✒️ Aluminium 🪩 has support at 205.50 and resistance at 209.50 Sustainable trade below 205.50 can see the downside move towards 203.50...201 and if sustains above 209.50 will take it to 211.50, 213.50 very soon.
✒️ Natural gas ⛽ support has 184 and resistance 196. Sustainable trade above 196 can see more rally towards the next level of 202, 208 and if sustained below 184 then can move towards 178....172.
✒️ Crude oil 🛢️ has support at 5750 and resistance at 5850. Sustainable trade below 5750 can see more downside towards 5710…5670 and if sustained above 5850 will see the upside move towards 5890…5930 levels.
www.indianmarketview.com
For more details about our 'Base Metals Commodities Package'
Call Us on ☎️ +91-7065111166
OR WhatsApp Us 👉 wa.link/indianmarketview
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**LME Inevnetory for today (15th May 2023)
Aluminium down by -2100MT
Copper up by 150MT
Lead up by 200MT
Nickel up by 42MT
Zinc up by 4700MT
Team Indian Market View
📢 MCX कमोडिटी वीकली लेवल्स (15th to 19 मई 2023) 📉📈📊
*भुगतान करने के लिए कृपया लिंक पर क्लिक करें* 👇👇
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📌 यह रिपोर्ट हिंदी और इंग्लिश दोनों भाषाओ में है।
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📌 *यह लिंक केवल (सोमवार 15 मई 2023 ) दोपहर 1 बजे तक काम करेगा। उसके बाद हम कोई भी पेमेंट स्वीकार नहीं कर पाएंगे।*
टीम इंडियन मार्केट व्यू
🌞 Commodities 🪙 Morning Update by IMV (15th May 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Gold has support at 60700 and resistance 61000.Break and sustain below 60700 will take it to the next support level of 60550...60400 and sustainable trade above 61000 can see further upside move towards the next resistance level of 61150…61300
✒️ Zinc has support at 226.50 and resistance at 230.50 Break and sustained below 226.50 will see the downside move 224.50---222.50 and if sustained above 230.50 can see further upside towards 232.50…234.50 levels.
✒️ Crude oil has support at 5680 and resistance at 5780. Sustainable trade below 5680 can see more downside towards 5640…5600 and if sustained above 5780 will see the upside move towards 5820…5860 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
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📢 MCX Commodities Weekly Levels Report (15th to 19th May 2023) 📉📈📊
We have just published our this week Commodity Weekly Levels Report
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After 3 weeks of gap soon we will publish our this week's 'MCX COMMODITIES WEEKLY LEVELS'
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USA Prelim UoM Consumer Sentiment
Forecast 63.0
Previous 63.5
Actual 57.7
Impact : As per data it is Positive for Bullion and Negative for Base metals.
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (12th May 2023) ✍️
Major US 🇺🇸 Economic Data Today
06:00 PM : Import Prices m/m (Low Impact)
07:30 PM : Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations (High Impact)
✒️ Kindly follow our levels carefully. 👇🏻🤓
✒️ Gold 🥇 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 🥈 has support at 72400 while resistance at 72900. Sustainable trade below 72400 will take it to 72100...71800 very soon. If it breaks and sustain the resistance level of 72900 then will take it to 73200---73500 respectively.
✒️ Copper ⛓️ has support at 725 above resistance at 731 Sustainable trade above 731 will see the upside move towards 734, 737 and if sustained below 725 can catch the downside move towards 722, 719 respectively.
✒️ Zinc 🥉 has support at 227 and resistance at 231 Break and sustained below 227 will see the downside move 225---223 and if sustained above 231 can see further upside towards 233…235 level.
✒️ Aluminium 🪩 has support at 203.50 and resistance at 207.50 Sustainable trade below 203.50 can see the downside move towards 201.50...200 and if sustains above 207.50 will take it to 209.50, 211.50 very soon.
✒️ Natural gas ⛽ support has 172 and resistance 184. Sustainable trade above 184 can see more rally towards the next level of 190, 196 and sustained below 172 then can move towards 166....160.
✒️ Crude oil 🛢️ has support at 5790 and resistance at 5870. Sustainable trade below 5760 can see more downside towards 5720…5680 and if sustained above 5870 will see the upside move towards 5910…5950 levels.
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