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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 (27th Aug 2024)✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Gold (Oct) has support at 71700 and resistance 72000. Break and sustain below 71700 will take it to the next support level of 71550...71400 and sustainable trade above 72000 can see further upside move towards the next resistance level of 72150...72300
✒️ Zinc (Sep) has support at 267.50 and resistance at 271.50 Break and sustained below 267.50 will see the downside move 265.50---263.50 and if sustained above 271.50 can see further upside towards 273.50…275.50 levels.
✒️ Crude Oil (Sep) has support at 6410 and resistance at 6510. Sustainable trade below 6410 can see more downside toward 6375…6330 and if sustained above 6510 will see the upside move towards 6550…6590 levels.
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LME Inventory for today (27th Aug 2024)
Aluminium down by -3725MT
Copper up by 1600MT
Lead up by 4200MT
Nickel unchanged
Zinc down by -250MT
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Today's Gold and Silver Support and Resistance Levels
🌞 Commodities 🪙 Morning Update by IMV (27th Aug 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Silver (Sept) has support at 85100 while resistance at 85700. Sustainable trade below 85100 will take it to 84800...84500 very soon. If it breaks and sustain the resistance level of 85700 then will take it to 86000---86300, respectively.
✒️ Copper (Sep) has support at 810 and resistance at 816 Sustainable trade above 816 will see the upside move towards 819, 822 and if sustained below 810 can catch the downside move towards 807, 804 respectively.
✒️ Crude Oil (Sep) has support at 6440 and resistance at 6520. Sustainable trade below 6440 can see more downside toward 6400…6360 and if sustained above 6520 will see the upside move towards 6560…6600 levels.
Rest of the commodities levels send to our Levels Package Subscribers
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Core Durable Goods Orders m/m
Previous: 0.40%
Forecast: 0.0%
Actual: -0.20%
Impact: POSITIVE
Durable Goods Orders m/m
Previous: -6.70%
Forecast: 4.0%
Actual: 9.90%
Impact: NEGATIVE
NOTE: All impact mentioned here is for Bullions (GOLD and SILVER)
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📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (26th Aug 2024)✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Gold (Oct)🥇 has support at 72050 and resistance 72350. Break and sustain below 72050 will take it to the next support level of 71900...71750 and sustainable trade above 72350 can see further upside move towards the next resistance level of 72500...72650
✒️ Aluminium (Sep)🪩 has support at 233 and resistance at 237 Sustainable trade below 233 can see the downside move towards 231...229 and if sustains above 237 will take it to 239, 241 very soon.
✒️ Crude Oil (Sep)🛢️ has support at 6360 and resistance at 6460. Sustainable trade below 6360 can see more downside toward 6320…6280 and if sustained above 6460 will see the upside move towards 6500…6540 levels.
Rest of the commodities levels send to our Levels Package Subscribers
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https://youtu.be/EUiEDYwiaKo
Today's (26th Aug 2024) GOLD and SILVER Support and Resistance Levels
🌞 Commodities 🪙 Morning Update by IMV (26th Aug 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Silver (Sept)🥈 has support at 84750 while resistance at 85250. Sustainable trade below 84750 will take it to 84500...84250 very soon. If it breaks and sustain the resistance level of 85250 then will take it to 85500---85800, respectively.
✒️ Zinc (Sep)🥉 has support at 268 and resistance at 272 Break and sustained below 268 will see the downside move 266---264 and if sustained above 272 can see further upside towards 274…276 levels.
✒️ Copper (Sep)⛓️ has support at 808.50 and resistance at 814.50 Sustainable trade above 814.50 will see the upside move towards 817.50, 820 and if sustained below 808.50 can catch the downside move towards 805.50, 803 respectively.
Rest of the commodities levels send to our Levels Package Subscribers
Join our Premium Levels Package at affordable price. For details call us on 7065111166
Hello All 👋
We have published our 'MCX Commodities Weekly Levels Report (26th to 30th Aug 2024)
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Crude Oil important Support and Resistance Levels Weekly Video
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