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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🌞 Commodities 🪙 Morning Update by IMV (22nd Apr 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (June) has support at 72000 and resistance 72300. Break and sustain below 72000 will take it to the next support level of 71850...71700 and sustainable trade above 72300 can see further upside move towards the next resistance level of 72450…72600
✒️ Copper (Apr) has support at 844.50 and resistance at 850 Sustainable trade above 850 will see the upside move towards 853, 856 and if sustained below 844.50 can catch the downside move towards 841.50, 839 respectively.
✒️ Crude Oil (May) has support at 6780 and resistance at 6860. Sustainable trade below 6780 can see more downside toward 6740…6700 and if sustained above 6860 will see the upside move towards 6900…6940 levels.
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
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📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (19th April 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Silver (May)🥈 has support at 82900 while resistance at 83500. Sustainable trade below 82900 will take it to 82600...82300 very soon. If it breaks and sustain the resistance level of 83500 then will take it to 83800---84100, respectively.
✒️ Zinc (Apr)🥉 has support at 248 and resistance at 252 Break and sustained below 248 will see the downside move 246---244 and if sustained above 252 can see further upside towards 254…256 levels.
✒️ Natural Gas (Apr) ⛽ support has 141 and resistance 151. Sustainable trade above 151 can see more rally towards the next level of 156, 161 and if sustained below 141 then can move towards 136…131.
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
LME Inventory for today (19th April 2024)
Aluminium down by -4700MT
Copper down by -800MT
Lead down by -225MT
Nickel up by 276MT
Zinc up by 8850MT.
Team Indian Market View
⚠️ No Major US Data Today (19th April 2024) Evening
🌞 Commodities 🪙 Morning Update by IMV (19th Apr 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (June) has support at 72700 and resistance 73000. Break and sustain below 72700 will take it to the next support level of 72550...72400 and sustainable trade above 73000 can see further upside move towards the next resistance level of 73150…73300
✒️ Copper (Apr) has support at 836 and resistance at 842 Sustainable trade above 842 will see the upside move towards 845, 848 and if sustained below 836 can catch the downside move towards 833, 830 respectively.
✒️ Crude Oil (May) has support at 6990 and resistance at 7070. Sustainable trade below 6990 can see more downside toward 6950…6910 and if sustained above 7070 will see the upside move towards 7110…7150 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Natural Gas Storage
Previous: 24B
Forecast: 54B
Actual: 50B
Impact: Slightly NEGATIVE for NG prices.
Existing Home Sales
Previous: 4.38M
Forecast: 4.20M
Actual: 4.19M
Impact: ALMOST NEUTRAL TO SLIGHTLY POSITIVE For Bullion
Unemployment Claims
Previous: 211K
Forecast: 215K
Actual: 212K
Impact: SLIGHTLY NEGATIVE
Philly Fed Manufacturing Index
Previous: 3.20
Forecast: 1.50
Actual: 15.50
Impact: NEGATIVE
Note: All impact mentioned here is for Bullions
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (18th April 2024) ✍️
✒ Kindly follow our levels carefully 🧐👇🏻
✒️ Gold (June) has support at 72400 and resistance 72800. Break and sustain below 72400 will take it to the next support level of 72250...72100 and sustainable trade above 72800 can see further upside move towards the next resistance level of 72950…73100
✒️ Zinc (Apr) has support at 246.80 and resistance at 250.80 Break and sustained below 246.80 will see the downside move 244.80---243 and if sustained above 250.80 can see further upside towards 252.80…254.80 levels.
✒️ Natural Gas (Apr) support has 142 and resistance 152. Sustainable trade above 152 can see more rally towards the next level of 157, 162 and if sustained below 142 then can move towards 137…133.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Major US Economic Data Today Evening (18th April 2024)
06:00 PM : Unemployment Claims and Philly Fed Manufacturing Index
07:30 PM : Existing Home Sales
08:00 PM : Natural Gas Storage
👉 Today we have these data's lined up... In between FOMC's 3 members speeches are also lined up (But that will have less imapact)
*Major US Economic Data Today Evening (18th April 2024)*
06:00 PM : Unemployment Claims and Philly Fed Manufacturing Index
07:30 PM : Existing Home Sales
08:00 PM : Natural Gas Storage
👉 Today we have these data's lined up... In between FOMC's 3 members speeches are also lined up (But that will have less imapact)
LME Inventory for today (18th April 2024)
Aluminium down by -4050MT
Copper down by -850MT
Lead down by -1000MT
Nickel up by 510MT
Zinc up by 8775MT.
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (18th Apr 2024)🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (June) has support at 72350 and resistance 72650. Break and sustain below 72350 will take it to the next support level of 72200...72050 and sustainable trade above 72650 can see further upside move towards the next resistance level of 72800…72950
✒️ Copper (Apr) has support at 829 and resistance at 835 Sustainable trade above 835 will see the upside move towards 838, 841 and if sustained below 829 can catch the downside move towards 826, 823 respectively.
✒️ Crude Oil (May) has support at 6855 and resistance at 6940. Sustainable trade below 6855 can see more downside toward 6815…6770 and if sustained above 6940 will see the upside move towards 6980…7020 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Pre market update on Comex Gold
And then after that follow up of Comex Gold and MCX Gold levels.... Gold crashed as per given analysis
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