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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#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. 😊
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Good morning dear traders have a great day ahead 🌞
CHINA 🇨🇳 Economic Data Update
CHINESE GDP QOQ
Previous: 0.0%
Forecast: 2%
Actual: 2.2%
CHINESE GDP YOY
Previous: 2.9%
Forecast: 3.9%
Actual: 4.5%
Unemployment Rate
Previous: 5.6%
Forecast: 5.5%
Actual: 5.3%
IMPACT: As per data figure it is Positive for Base Metals Commodities
Team Indian Market View
⚠️⚠️ Dear Followers
Tomorrow morning at 07:30 AM India Time we have China's GDP Data, which may impact Base Metals prices.
So, please take care of your open base metals position and do not carry heavy positions.
Previous Figure was 2.9%
Forecast Figure is 3.9%
Actual.. will update in morning.
Team Indian Market View
Empire State Manufacturing Index
Previous: -24.6
Forecast: -17.6
Actual: 10.8
Impact: As per data it is Negative for Bullion.
#MCX #Commodities Evening Session Technical Levels by IMV (17th April 2023) ✍️
Major #USData to look for today evening
06:00 PM : Empire State Manufacturing Index
✒️ 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 75600 while resistance at 76200. Sustainable trade below 75600 will take it to 75300...75000 very soon. If it breaks and sustain the resistance level of 76200 then will take it to 76500---76800 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 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 206.50 and resistance at 210.50 Sustainable trade below 206.50 can see the downside move towards 205...203 and if sustains above 210.50 will take it to 212.50, 214.50 very soon.
✒️ #NaturalGas ⛽ support has 172 and resistance 184. Sustainable trade above 184 can see more rally towards the next level of 190, 195 and sustained below 172 then can move towards 166....160.
✒️ #CrudeOil 🛢️ has support at 6710 and resistance at 6790. Sustainable trade below 6710 can see more downside towards 6670…6630 and if sustained above 6790 will see the upside move towards 6830…6870 levels.
www.indianmarketview.com
#LME Inventory for today (17th April 2023)
#Aluminium down by -100MT
#Copper up by 225MT
#Lead up by 4750MT
#Nickel up by 366MT
#Zinc up by 6100MT
Team Indian Market View
#LME Inventory for today (17th April 2023)
Aluminium down by -100MT
#Copper up by 225MT
#Lead up by 4750MT
#Nickel up by 366MT
#Zinc up by 6100MT
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#MCX #Commodities Morning Update by IMV (17th Apr 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 250.50 and resistance at 254.50 Break and sustained below 250.50 will see the downside move 248---246 and if sustained above 254.50 can see further upside towards 256.50…258 levels.
✒️ #CrudeOil has support at 6700 and resistance at 6800. Sustainable trade below 6700 can see more downside towards 6660…6620 and if sustained above 6800 will see the upside move towards 6840…6880 levels.
Rest of the commodities morning levels send to paid subscribers. 😊
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📢 MCX कमोडिटी वीकली लेवल्स (17th to 21st अप्रैल 2023) 📉📈📊
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धन्यवाद टीम इंडियन मार्केट व्यू
📢 COMMODITIES WEEKLY LEVELS REPORT
MCX Commodities Weekly Levels (17th to 21st April 2023) 📉📈📊
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Prelim UoM Consumer Sentiment
Actual: 63.5
Forecast: 62.0
Previous: 62.0
Prelim UoM Inflation Expectations
Actual: 4.6%
Previous: 3.6%
Business Inventories m/m
Actual: 0.2%
Forecast: 0.2%
Previous: -0.1%
iMPACT AS PER DATA IT IS NEGATIVE FOR BULLION
Core Retail Sales m/m
Actual: -0.8%
Forecast: -0.4%
Previous: -0.1%
Retail Sales m/m
Actual: -1.0%
Forecast: -0.4%
Previous: -0.4%
Import Prices m/m
Actual: -0.6%
Forecast: -0.1%
Previous: -0.1%
IMPACT AS PER DATA FIGURE IT IS POSITIVE FOR BULLION
MCX Commodities today's (14th April 2023) evening session technical levels
✒️ Kindly follow our levels carefully.
✒️ Gold (June) 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 (May) has support at 76900 while resistance at 77500. Sustainable trade below 76900 will take it to 76600...76300 very soon. If it breaks and sustain the resistance level of 77500 then will take it to 77800---78100 respectively.
✒️ Copper (April) has support at 788 and resistance at 794. Sustainable trade above 794 will see the upside move towards 797, 800 and if sustained below 788 can catch the downside move towards 785, 782 respectively.
✒️ Zinc (April) has support at 252 and resistance at 256 Break and sustained below 252 will see the downside move 250---248 and if sustained above 256 can see further upside towards 258…260 level.
✒️ Aluminium (April) has support at 208 and resistance at 212 Sustainable trade below 208 can see the downside move towards 206...204 and if sustains above 212 will take it to 214, 216 very soon.
✒️ Natural gas (April) support has 160 and resistance 170. Sustainable trade above 170 can see more rally towards the next level of 175, 180 and sustained below 160 then can move towards 155....150.
✒️ Crude Oil (April) has support at 6700 and resistance at 6780. Sustainable trade below 6700 can see more downside towards 6660…6620 and if sustained above 6780 will see the upside move towards 6820…6860 levels.
Team Indian Market View
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
