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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Revised UoM Consumer Sentiment
Actual: 69.7
Forecast: 69.4
Previous: 69.4
New Home Sales
Actual: 590K
Forecast: 689K
Previous: 679K
Revised UoM Inflation Expectations
Actual: 3.1%
Previous: 3.1%
OVERALL AS PER ACTUAL DATA IT IS MIX FOR BULLION
Core PCE Price Index m/m
Actual: 0.1%
Forecast: 0.2%
Previous: 0.2%
Core Durable Goods Orders m/m
Actual: 0.5%
Forecast: 0.1%
Previous: 0.0%
Durable Goods Orders m/m
Actual: 5.4%
Forecast: 2.4%
Previous: -5.4%
Personal Income m/m
Actual: 0.4%
Forecast: 0.4%
Previous: 0.2%
Personal Spending m/m
Actual: 0.2%
Forecast: 0.3%
Previous: 0.2%
Overall as per Actual Data slightly negative for Bullions
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (22nd Dec 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today 👇🏻
07:00 PM : Core PCE Price Index m/m, Core Durable Goods Orders m/m and Durable Goods Orders m/m
08:30 PM : Revised UoM Consumer Sentiment and New Home Sales
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Gold (Feb) 🥇 has support at 62700 and resistance 63000. Break and sustain below 62700 will take it to the next support level of 62550...62400 and sustainable trade above 63000 can see further upside move towards the next resistance level of 63150…63300
✒️ Silver (Mar) 🥈 has support at 75500 while resistance at 76000. Sustainable trade below 75500 will take it to 75200...75000 very soon. If it breaks and sustain the resistance level of 76000 then will take it to 76300---76600, respectively.
✒️ Copper (Dec) ⛓️ 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 (Dec) ⛽ support has 210 and resistance 222. Sustainable trade above 222 can see more rally towards the next level of 228, 234 and if sustained below 210 then can move towards 205...200.
👉 Rest Zinc, Aluminium and CrudeOil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (22nd Dec 2023)
Aluminium up by 500MT,
Copper up by 1225MT,
Lead up by 725MT,
Nickel up by 2334MT
Zinc up by 200MT.
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (22nd Dec 2023) 🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (Feb) has support at 62600 and resistance 62900. Break and sustain below 62600 will take it to the next support level of 62450...62300 and sustainable trade above 62900 can see further upside move towards the next resistance level of 63050…63200
✒️ Zinc (Dec) has support at 221.50 and resistance at 225.50 Break and sustained below 221.50 will see the downside move 219.50---217.50 and if sustained above 225.50 can see further upside towards 227.50…229.50 levels.
✒️ Crude Oil (Jan) has support at 6180 and resistance at 6280. Sustainable trade below 6180 can see more downside toward 6140…6100 and if sustained above 6280 will see the upside move towards 6320…6360 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
NATURAL GAS STORAGE
ACTUAL DATA : -87B
Impact: Positive for NG Prices
Final GDP q/q
Actual Data: 4.90%
Impact: POSITIVE
Unemployment Claims
Actual Data: 205K
Impact: MINOR POSITIVE
Philly Fed Manufacturing Index
Actual Data: -10.5
Impact: POSITIVE
NOTE: All Impact mention here is for Bullion.
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (21st Dec 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today 👇🏻
07:00 PM : Final GDP q/q, Unemployment Claims, Final GDP Price Index q/q, Philly Fed Manufacturing Index
👉 (All 4 data at same time, All data are almost important, All data can create good impact on Gold and Silver)
09:00 PM : Natural Gas Storage
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Gold (Feb) 🥇 has support at 62300 and resistance 62600. Break and sustain below 62300 will take it to the next support level of 62150...62000 and sustainable trade above 62600 can see further upside move towards the next resistance level of 62750…62900
✒️ Copper (Dec) ⛓️ has support at 721 and resistance at 727 Sustainable trade above 727 will see the upside move towards 730, 733 and if sustained below 721 can catch the downside move towards 718, 715 respectively.
✒️ Natural Gas (Dec) ⛽ support has 198 and resistance 210. Sustainable trade above 210 can see more rally towards the next level of 215, 220 and if sustained below 198 then can move towards 193...188.
👉 Rest Silver, Zinc, Aluminium and CrudeOil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (21st Dec 2023)
Aluminium down by -1650MT,
Copper down by -1225MT,
Lead up by 1675MT,
Nickel up by 1026MT
Zinc up by 150MT.
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (21st Dec 2023) 🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Silver (Mar) has support at 75000 while resistance at 75600. Sustainable trade below 75000 will take it to 74700...74400 very soon. If it breaks and sustain the resistance level of 75600 then will take it to 75900---76200, respectively.
✒️ Copper (Dec) has support at 723 and resistance at 728 Sustainable trade above 728 will see the upside move towards 730.50, 733 and if sustained below 723 can catch the downside move towards 720.50, 718 respectively.
✒️ Natural Gas (Dec) support has 196 and resistance 206. Sustainable trade above 206 can see more rally towards the next level of 212, 218 and if sustained below 196 then can move towards 190…184.
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As per actual data it is NEGATIVE for CRUDE OIL
Sorry guys data impact message first send to premium groups so got 2- minutes late here
CB Consumer Confidence
ACTUAL: 110.70
IMPACT: NEGATIVE
Existing Home Sales
ACTUAL: 3.82M
IMPACT: NEGATIVE
NOTE: All impact mentioned here is for BULLION.
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (20th Dec 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today
08:30 PM : CB Consumer Confidence and Existing Home Sales
09:00 PM : Crude Oil Inventories
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Gold (Feb) 🥇 has support at 62350 and resistance 62650. Break and sustain below 62350 will take it to the next support level of 62200...62050 and sustainable trade above 62650 can see further upside move towards the next resistance level of 62800…62950
✒️ Copper (Dec) ⛓️ has support at 725.50 and resistance at 731.50 Sustainable trade above 731.50 will see the upside move towards 734.50, 737 and if sustained below 725.50 can catch the downside move towards 722.50, 720 respectively.
✒️ Natural Gas (Dec) ⛽ support has 204 and resistance 214. Sustainable trade above 214 can see more rally towards the next level of 219, 224 and if sustained below 204 then can move towards 199...194.
👉 Rest Silver, Zinc, Aluminium and CrudeOil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (20th Dec 2023)
Aluminium down by -1650MT
Copper down by -1775MT
Lead down by -2300MT
Nickel up by 1026MT
Zinc up by 23450MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (20th Dec 2023) 🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (Feb) has support at 62400 and resistance 62700. Break and sustain below 62400 will take it to the next support level of 62250...62100 and sustainable trade above 62700 can see further upside move towards the next resistance level of 62850…63000
✒️ Zinc (Dec) has support at 224.60 and resistance at 228.60 Break and sustained below 224.60 will see the downside move 222.50---220.50 and if sustained above 228.60 can see further upside towards 230.40…232.40 levels.
✒️ Crude Oil (Jan) has support at 6120 and resistance at 6220. Sustainable trade below 6120 can see more downside toward 6080…6040 and if sustained above 6220 will see the upside move towards 6260…6300 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (19th Dec 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today (19th Dec 2023)
07:00 PM : Building Permits and Housing Starts
Then at 08:00 PM : FOMC Member Barkin Speech
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Silver (Mar) 🥈 has support at 74300 while resistance at 74900. Sustainable trade below 74300 will take it to 74000...73700 very soon. If it breaks and sustain the resistance level of 74900 then will take it to 75200---75500, respectively.
✒️ Zinc (Dec) 🥉 has support at 224 and resistance at 228 Break and sustained below 224 will see the downside move 222---220 and if sustained above 228 can see further upside towards 230…232 levels.
✒️ Natural gas (Dec) ⛽ support has 199 and resistance 209. Sustainable trade above 209 can see more rally towards the next level of 214, 219 and if sustained below 199 then can move towards 194...189.
👉 Rest Gold, Copper, Aluminium and CrudeOil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (19th Dec 2023)
Aluminium up by 6975MT,
Copper down by -3800MT,
Lead down by -2200MT,
Nickel up by 858MT
Zinc up by 1200MT.
Team Indian Market View
