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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Core Retail Sales m/m
Previous : 0.50%
Forecast : 0.30%
Actual : 0.10%
Impact : POSITIVE
Retail Sales m/m
Previous : 0.40%
Forecast : 0.30%
Actual : 0.40%
Impact : NEGATIVE
Empire State Manufacturing Index
Previous : -11.90
Forecast : -0.30
Actual : 31.20
Impact : NEGATIVE
PLEASE NOTE : All impact mentioned here is for BULLION
2 NEGATIVE 1 POSITIVE
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Evening Session MCX Commodities Levels (15/11/2024)
✒️ Kindly follow our levels carefully.
✒️ Silver (Dec) has support at 89000 while resistance at 89600. Sustainable trade below 89000 will take it to 88700...88400 very soon. If it breaks and sustain the resistance level of 89600 then will take it to 89900---90200, respectively.
✒️ Copper (Nov) has support at 807.50 and resistance at 813.50 Sustainable trade above 813.50 will see the upside move towards 816.50, 819 and if sustained below 807.50 can catch the downside move towards 804.50, 802 respectively.
✒️ Zinc (Nov) has support at 280 and resistance at 284 Break and sustained below 280 will see the downside move 278---276 and if sustained above 284 can see further upside towards 286…288 levels.
✒️ Crude Oil (Nov) has support at 5720 and resistance at 5810. Sustainable trade below 5720 can see more downside toward 5680…5640 and if sustained above 5810 will see the upside move towards 5850…5890 levels.
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Tomorrow MCX Market is close in first half on the occassion of 'Shree Guru Nanak Jayanti'
Please take care of your position.
Crude Oil Inventory - NEGATIVE
Others Inventory - POSITIVE
Natural Gas Storage
Previous : 69B
Forecast : 34B
Actual : 42B
Impact : NEGATIVE FOR NG PRICES
Core PPI m/m
Previous : 0.2%
Forecast : 0.3%
Actual : 0.3%
Impact : NEUTRAL / AS EXPECTED
PPI m/m
Previous : 0.0%
Forecast : 0.2%
Actual : 0.2%
Impact : NEUTRAL / AS EXPECTED
Unemployment Claims
Previous : 221K
Forecast : 224K
Actual : 217K
Impact : NEGATIVE
NOTE: All impact mentioned here is for Bullion
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (14th Nov 2024)✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Silver (Dec)🥈 has support at 86700 while resistance at 87300. Sustainable trade below 86700 will take it to 86400...86100 very soon. If it breaks and sustain the resistance level of 87300 then will take it to 87600---87900, respectively.
✒️ Zinc (Nov)🥉 has support at 269 and resistance at 273 Break and sustained below 269 will see the downside move 267---265 and if sustained above 273 can see further upside towards 275…277 levels.
✒️ Natural Gas (Nov)⛽ support has 244 and resistance 254. Sustainable trade above 254 can see more rally towards the next level of 259, 264 and if sustained below 244 then can move towards 239…234.
Rest of the commodities levels send to our Levels Package Subscribers
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LME Inventory for today (14th Nov 2024)
Aluminium down by -2625MT
Copper down by -900MT
Lead down by -500MT
Nickel up by 3132MT
Zinc down by -1225MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (14th Nov 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (Dec)🥇 has support at 73700 and resistance 74000. Break and sustain below 73700 will take it to the next support level of 73550...73400 and sustainable trade above 74000 can see further upside move towards the next resistance level of 74150…74300
✒️ Copper (Nov)⛓️ has support at 787 and resistance at 793 Sustainable trade above 793 will see the upside move towards 796, 799 and if sustained below 787 can catch the downside move towards 784, 781 respectively.
✒️ Crude Oil (Nov)🛢️ has support at 5710 and resistance at 5810. Sustainable trade below 5710 can see more downside toward 5670…5630 and if sustained above 5810 will see the upside move towards 5850…5890 levels.
NOTE: Above mentioned levels are valid till evening 4:30 PM. IN the evening we will proviode fresh levels on same or other commodities.
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