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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 🪙 Evening Session Technical Levels 🧐 by IMV (30th Oct 2023) ✍️
No Major US Economic Data Today
✒️ Kindly follow our levels carefully. 🤓👇🏻
✒️ Gold 🥇 has support at 61050 and resistance 61350. Break and sustain below 61050 will take it to the next support level of 60900...60750 and sustainable trade above 61350 can see further upside move towards the next resistance level of 61500…61650
✒️ Zinc 🥉 has support at 220 and resistance at 224 Break and sustained below 220 will see the downside move 218---216 and if sustained above 224 can see further upside towards 226…228 levels.
✒️ Crude Oil 🛢️ has support at 6980 and resistance at 7080. Sustainable trade below 6980 can see more downside towards 6940…6900 and if sustained above 7080 will see the upside move towards 7120…7160 levels.
👉 Rest Silver, Copper, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
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🌞 Commodities 🪙 Morning Update by IMV (30th Oct 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver has support at 72000 while resistance at 72600. Sustainable trade below 72000 will take it to 71700...71400 very soon. If it breaks and sustain the resistance level of 72600 then will take it to 72900---73200, respectively.
✒️ Copper has support at 705 and resistance at 711 Sustainable trade above 711 will see the upside move towards 714, 717 and if sustained below 705 can catch the downside move towards 702, 699 respectively.
✒️ Natural Gas support has 277 and resistance 287. Sustainable trade above 287 can see more rally towards the next level of 292, 297 and if sustained below 277 then can move towards 272…267.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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📢 MCX कमोडिटी वीकली लेवल्स (30 अक्टूबर से 03 नवंबर 2023) 📉📈📊
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📌 यह रिपोर्ट हिंदी और इंग्लिश दोनों भाषाओ में है। (This report is in Hindi and English both language)
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📌 यह लिंक केवल कल (सोमवार 30 अक्टूबर 2023) दोपहर 1 बजे तक काम करेगा। उसके बाद हम कोई भी पेमेंट स्वीकार नहीं कर पाएंगे।
धन्यवाद टीम इंडियन मार्केट व्यू
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Revised UoM Consumer Sentiment
Actual Data: 63.80
Impact: AS EXPECTED AND NEUTRAL FOR BULLION
Core PCE Price Index m/m
Actual Data: 0.3%
Impact: NEUTRAL FOR BULLION
Personal Income m/m
Actual Data: 0.3%
Impact: SLIGHTLY POSITIVE FOR BULLION
Personal Spending m/m
Actual Data: 0.7%
Impact: NEGATIVE FOR BULLION
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (27th Oct 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today
06:00 PM : Core PCE Price Index m/m, Personal Income m/m and Personal Spending m/m
07:30 PM: Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations
(Will provide today's data analysis shortly!)
✒️ 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 71300 while resistance at 71900. Sustainable trade below 71300 will take it to 71000...70700 very soon. If it breaks and sustain the resistance level of 71900 then will take it to 72200---72500, respectively.
✒️ Copper (Nov) ⛓️ has support at 700.20 and resistance at 706.20 Sustainable trade above 700.20 will see the upside move towards 697.20, 694.20 and if sustained below 706.20 can catch the downside move towards 709.20, 712.20 respectively.
✒️ Zinc (Nov) 🥉 has support at 219.60 and resistance at 223.40 Break and sustained below 219.60 will see the downside move 217.50---215.50 and if sustained above 223.40 can see further upside towards 225.50…227.50 levels.
✒️ Aluminium (Nov) 🪩 has support at 202 and resistance at 206 Sustainable trade below 202 can see the downside move towards 200...198 and if sustains above 206 will take it to 208, 210 very soon.
✒️ Natural Gas (Nov) ⛽ support has 292 and resistance 303. Sustainable trade above 303 can see more rally towards the next level of 308, 313 and if sustained below 292 then can move towards 287…282.
✒️ Crude Oil (Nov) 🛢️ has support at 7050 and resistance at 7140. Sustainable trade below 7050 can see more downside towards 7010…6970 and if sustained above 7140 will see the upside move towards 7180…7220 levels.
Team Indian Market View
LME Inventory For Today (27th Oct 2023)
Aluminium down by -1525MT,
Copper down by -2300MT,
Lead up by 1800MT,
Nickel up by 654MT
Zinc up by 4975MT.
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (27th Oct 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Gold has support at 60800 and resistance 61100. Break and sustain below 60800 will take it to the next support level of 60650...60500 and sustainable trade above 61100 can see further upside move towards the next resistance level of 61250…61400
✒️ Copper has support at 698 and resistance at 704 Sustainable trade above 704 will see the upside move towards 707, 710 and if sustained below 698 can catch the downside move towards 695, 692 respectively.
✒️ Natural Gas support has 290 and resistance 300. Sustainable trade above 300 can see more rally towards the next level of 305, 310 and if sustained below 290 then can move towards 285…280.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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Natural Gas Storage
Previous: 97B
Forecast: 82B
Actual: 74B
IMPACT: POSITIVE FOR NG PRICES
European Central Bank Main Refinancing Rate
Previous: 4.50%
Forecast: 4.50%
Actual: 4.50%
IMPACT : Data is as expected and Neutral
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (26th Oct 2023) ✍️
✒️ 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
✒️ Copper ⛓️ has support at 700 and resistance at 706 Sustainable trade above 700 will see the upside move towards 697, 694 and if sustained below 706 can catch the downside move towards 709, 712 respectively.
✒️ Crude Oil 🛢️ has support at 7000 and resistance at 7080. Sustainable trade below 7000 can see more downside towards 6960…6920 and if sustained above 7080 will see the upside move towards 7120…7160 levels.
👉 Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Major Economic Data Today Evening
Volatile move expected ahead today!
🌞 Commodities 🪙 Morning Update by IMV (26th Oct 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver has support at 71400 while resistance at 72000. Sustainable trade below 71400 will take it to 71100...70800 very soon. If it breaks and sustain the resistance level of 72000 then will take it to 72300---72600, respectively.
✒️ Zinc (Nov) has support at 219.80 and resistance at 223.80 Break and sustained below 219.80 will see the downside move 217.80---215.80 and if sustained above 223.80 can see further upside towards 225.80…227.80 levels.
✒️ Crude Oil has support at 7050 and resistance at 7140. Sustainable trade below 7050 can see more downside towards 7010…6970 and if sustained above 7140 will see the upside move towards 7190…7230 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
