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 Evening Session Technical Levels by IMV (07th Feb 2024) ✍️
Major US Economic Data Today (07th Feb 2024)
09:00 PM : Crude Oil Inventories
Rest we have FOMC members speech at 09:30 PM and 11 PM
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 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
✒️ #Zinc (Feb) 🥉 has support at 213 and resistance at 217 Break and sustained below 213 will see the downside move 211---209 and if sustained above 217 can see further upside towards 219…221 levels.
✒️ #NaturalGas (Feb) ⛽ support has 164 and resistance 174. Sustainable trade above 174 can see more rally towards the next level of 179, 184 and if sustained below 164 then can move towards 159…154.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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#LME Inventory for today (07th Feb 2024)
#Aluminium up by 1300MT,
#Copper down by -950MT,
#Lead up by 4750MT,
#Nickel up by 114MT
#Zinc up by 9675MT.
Team Indian Market View
#Commodities Morning Update by IMV (07th Feb 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ #Gold (April) 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 (Feb) has support at 714 and resistance at 720 Sustainable trade above 720 will see the upside move towards 723, 726 and if sustained below 714 can catch the downside move towards 711, 708 respectively.
✒️ #CrudeOil (Feb) has support at 6070 and resistance at 6160. Sustainable trade below 6070 can see more downside toward 6030…5990 and if sustained above 6160 will see the upside move towards 6200…6240 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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#MCX #Commodities Evening Session Technical Levels by IMV (06th Feb 2024) ✍️
No Major US Economic data today, only FOMC member Mester speech at 10.30 PM
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 has support at 62150 and resistance 62450. Break and sustain below 62150 will take it to the next support level of 62000...61850 and sustainable trade above 62450 can see further upside move towards the next resistance level of 62600…62750
✒️ #Copper (Feb) ⛓️ has support at 713 and resistance at 719 Sustainable trade above 719 will see the upside move towards 722, 725 and if sustained below 713 can catch the downside move towards 710, 707 respectively.
✒️ #CrudeOil (Feb) 🛢️ has support at 6010 and resistance at 6100. Sustainable trade below 6010 can see more downside toward 5970…5930 and if sustained above 6100 will see the upside move towards 6140…6180 levels.
👉 Rest Silver, Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
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#LME Inventory for today (06th Feb 2024)
#Aluminium down by -4425MT,
#Copper down by -325MT,
#Lead up by 4575MT,
#Nickel up by 78MT
#Zinc up by 9250MT.
Team Indian Market View
#Commodities Morning Update by IMV (06th Feb 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ #Silver (Mar) has support at 70100 while resistance at 70700. Sustainable trade below 70100 will take it to 69800...69500 very soon. If it breaks and sustain the resistance level of 70700 then will take it to 71000---71300, respectively.
✒️ #Zinc (Feb) has support at 215 and resistance at 219 Break and sustained below 215 will see the downside move 213---211 and if sustained above 219 can see further upside towards 221…223 levels.
✒️ #NaturalGas (Feb) support has 168 and resistance 178. Sustainable trade above 178 can see more rally towards the next level of 183, 188 and if sustained below 168 then can move towards 163…158.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
ISM Services PMI
Previous: 50.60
Forecast: 52.0
Actual: 53.40
Impact: NEGATIVE for Bullion
Final Services PMI
Previous: 52.9
Forecast: 52.9
Actual: 52.5
Impact: POSITIVE for Bullion
#MCX #Commodities Evening Session Technical Levels by IMV (05th Feb 2024) ✍️
Major US 🇺🇸 Economic Data Today Evening
08:15 PM : Final Services PMI
08:30 PM : ISM Services PMI
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 has support at 62150 and resistance 62450. Break and sustain below 62150 will take it to the next support level of 62000...61850 and sustainable trade above 62450 can see further upside move towards the next resistance level of 62600…62750
✒️ #Zinc (Feb) 🥉 has support at 215 and resistance at 219 Break and sustained below 215 will see the downside move 213---211 and if sustained above 219 can see further upside towards 221…223 levels.
✒️ #CrudeOil (Feb) 🛢️ has support at 5950 and resistance at 6040. Sustainable trade below 5950 can see more downside toward 5910…5870 and if sustained above 6040 will see the upside move towards 6080…6120 levels.
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LME Inventory for today (05th Feb 2024)
Aluminium down by -50MT
Copper down by -500MT
Lead up by 4575MT
Nickel up by 462MT
Zinc up by 8700MT
Team Indian Market View
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धन्यवाद्
#Commodities Morning Update by IMV (05th Feb 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ #Gold (April) 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 (Feb) has support at 718 and resistance at 724 Sustainable trade above 724 will see the upside move towards 727, 730 and if sustained below 718 can catch the downside move towards 715, 712 respectively.
✒️ #NaturalGas (Feb) support has 168 and resistance 180. Sustainable trade above 180 can see more rally towards the next level of 185, 190 and if sustained below 168 then can move towards 162…156.
📢 Rest of the commodities levels + premium updates send on our PREMIUM TELEGRAM CHANNEL 👑
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Team Indian Market View
📢 Dear All
We have just published our Weekly Commodity Report. Click on the link to buy your report copy + Join Weekly Premium WhatsApp Community (Link given in report) . Price Just Rs 295
MCX Commodity Weekly Report (29th Jan to 02nd Feb 2024), Payment link
Click on the link and pay 👇
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Thanks Team Indian Market View
Average Hourly Earnings m/m
Actual: 0.6%
Forecast: 0.3%
Previous: 0.4%
Non-Farm Employment Change
Actual: 353K
Forecast: 187K
Previous: 216K
Unemployment Rate
Actual: 3.7%
Forecast: 3.8%
Previous: 3.7%
DATA IS NEGATIVE FOR BULLION PRICES
#MCX #Commodities Evening Session Technical Levels by IMV (02nd Feb 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ #Gold (Apr) 🥇 has support at 62750 and resistance 63050. Break and sustain below 62750 will take it to the next support level of 62600...62450 and sustainable trade above 63050 can see further upside move towards the next resistance level of 63200…63350
✒️ #Copper (Feb) ⛓️ has support at 720 and resistance at 726 Sustainable trade above 726 will see the upside move towards 729, 732 and if sustained below 720 can catch the downside move towards 717, 714 respectively.
✒️ #CrudeOil (Feb) 🛢️ has support at 6140 and resistance at 6220. Sustainable trade below 6140 can see more downside toward 6100…6060 and if sustained above 6220 will see the upside move towards 6260…6300 levels.
📢 Rest of the commodities levels + premium updates send on our PREMIUM TELEGRAM CHANNEL 👑
Join the same for as low as Rs 1180 Per Month. Click on the link to make payment and immediately join our Premium Telegram Channel.
👉 Payment link - https://rpy.club/g/TqPasdnLwB
For any query Call your RM or WhatsApp us on +91-8744868888
Team Indian Market View
Major US Economic Data Today (02nd Feb 2024)
07:00 PM : Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate
08:30 PM : Revised UoM Consumer Sentiment, Factory Orders m/m, Revised UoM Inflation Expectations (Last 2 are NOT very important data)
LME Inventory for today (02nd Feb 2024)
Aluminium up by 150MT,
Copper down by -4900MT,
Lead up by 5450MT,
Nickel up by 114MT
Zinc up by 9200MT.
Team Indian Market View
Dear All
From last 2-3 days we are not getting LME from backend.
We are trying to get the same. If we get the same will share shortly.
Sorry for inconvenience 🙏
प्रिय साथियो
पिछले 2-3 दिनों से हमें बैकएंड से LME इन्वेंटरी नहीं मिल पा रही है।
हम और सोर्सेस से उसे पाने की कोशिश कर रहे है, जैसे ही हमे मिलती है तो हम आपको भेजेंगे।
असुविधा के लिए खेद है। 🙏
