Indian Market View Commodity Channel (SEBI Registered)

👀 7 Major US Data at 6 PM As per majority of data, Forecast is positive for Bullion. Let's see what actual figure comes!

Europe Main Refinancing Rate As expected Europe Central Bank hiked interest rate by 25 BPS

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (27th July 2023) ✍️ ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Silver 🥈 has support at 75500 while resistance at 76100. Sustainable trade below 75500 will take it to 75200...74900 very soon. If it breaks and sustain the resistance level of 76100 then will take it to 76400---76700 respectively. ✒️ Zinc 🥉 has support at 218 and resistance at 222 Break and sustained below 218 will see the downside move 216---214 and if sustained above 222 can see further upside towards 224…226 level. ✒️ Natural Gas ⛽ support has 215 and resistance 225. Sustainable trade above 225 can see more rally towards the next level of 230, 235 and if sustained below 215 then can move towards 210....205. 👉 Rest Gold, Copper, Aluminium and Crude Oil evening levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

LME Inventory For Today (27th July 2023) Aluminium down by -3025MT, Copper up by 1550MT, Lead up by 775MT, Nickel up by 216MT Zinc up by 8125MT. Team Indian Market View

🌞 Commodities 🪙 Morning Update by IMV (27th July 2023) 🇮🇳✍🏻 ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Gold has support at 59400 and resistance 59700. Break and sustain below 59400 will take it to the next support level of 59250...59100 and sustainable trade above 59700 can see further upside move towards the next resistance level of 59850…60000 ✒️ Copper has support at 739 and resistance at 745 Sustainable trade above 745 will see the upside move towards 748, 751 and if sustained below 739 can catch the downside move towards 736, 733 respectively. ✒️ Crude Oil has support at 6490 and resistance at 6580. Sustainable trade below 6490 can see more downside towards 6450…6410 and if sustained above 6580 will see the upside move towards 6620…6660 levels. 👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers www.indianmarketview.com

Good morning dear traders have a great day ahead 🙏🌞 📌 Last night, as expected FED has increased interest rates by 25 BPS to make it 5.50%. This is the highest borrowing interest rates in America after 2001. 📌 Not only this in his press conference FED has indicated that do not consider this as last rate hike of the cycle and if needed we may hike more in this year. 📌 After FED press conference we have seen surge in Gold and Silver prices. COMEX GOLD trading almost $10--$12 up by yesterday night price. Be ready for gap up opening in GOLD and Silver. 📌 जैसा की उम्मीद थी कल रात फेड ने इंटरेस्ट रेट को 25 BPS बड़ा दिया। अब नई ब्याज दर 5.50% है जो की अमेरिका के इतिहास में 2001 के बाद सबसे ज्यादा है। 📌 यही नहीं फेड ने अपनी कमेंट्री में ऐसे संकेत भी दिए की आने वाले समय में और भी इंटरेस्ट रेट्स बढ़ाए जा सकते है। इस प्रेस कॉन्फ्रेंस के बाद हमे गोल्ड और सिल्वर में तेजी देखनी को मिल रही है। कॉमेक्स गोल्ड अपने कल रात के रेट से तकरीबन $10--$12 ऊपर ट्रेड कर रहा है। गोल्ड और सिल्वर में गैप अप ओपनिंग देखने को मिलेगी। More we will update after market open! 🔔🔔

Analyst: Fed May Consider Another Rate Hike In September, But Will Assess The Impact Of Previous Moves And Inflation Trends Before Making A Decision

As of now, not much move seen in COMEX GOLD...

Now all eyes 👀 on FOMC press conference.

📣 Fed has increased rates by 25 BPS

Crude data negative... Overall data slightly positive.

Positive for Bullion

Building Permits Data Update Previous: 1.496M Forecast: 1.440M Actual: 1.441M As per Actual data figure it is Neutral for Bullion price.

No Building Permit Data today. Wrong updation on Investing.com website Only Home Sales data is there at 7.30 PM

📣 आज रात FED मीटिंग में 3 परिदृश्य हो सकते हैं। 📌 25 BPS दर वृद्धि (ऐसा होने की संभावना लगभग 78--79% है) 📌ब्याज दर में कोई बदलाव नहीं (ऐसा होने की संभावना लगभग 20-21% है) 📌 10 से 25 BPS दर में कटौती (हालांकि ऐसा होगा नहीं, लेकिन अगर ऐसा होता है तो बड़े सरप्राइज के लिए तैयार रहें) इन सभी दर में कटौती परिदृश्यों के अलावा। फेड की कमेंट्री भी अहम भूमिका निभाएगी। अगर रेट बढ़ोतरी के बाद भी फेड चेयरमैन यह संकेत देते हैं कि यह साल की आखिरी रेट बढ़ोतरी है तो स्थिति में बदलाव हो सकता है। 👉 ईमानदारी से कहें तो फेड ब्याज दर की बैठक और टिप्पणी के बाद सोने और चांदी पर किसी भी प्रभाव की भविष्यवाणी करना पूरी तरह से केवल अनुमान होगा। 👉 इसलिए सावधानी से लेवल्स के साथ स्टॉप लोस्स लगा के ट्रेड करे और यदि स्टॉप लोस्स हिट हो जाता है, तो कृपया ट्रेड पोजीशन से बाहर निकल जाये। या कल सुबह तक बाजार से दूर ही रहे क्योंकि बाजार रोजाना खुलता है और रोजाना हमें कमाने का मौका मिलता है। फेड मीटिंग के बाद रात में हम और अधिक जानकारी देंगे। टीम इंडियन मार्किट व्यू

📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (26th July 2023) ✍️ Major US 🇺🇸 Economic 📊 Data Today 👇🏻 05:30 PM : Building Permits 07:30 PM : New Home Sales Data 08:00 PM : Crude Oil Inventories 11:30 PM : Federal Funds Rate, FOMC Statement and FOMC Press Conference ✒️ Kindly follow our levels carefully. 🧐👇🏻 ✒️ Gold 🥇 has support at 59350 and resistance 59650. Break and sustain below 59350 will take it to the next support level of 59200...59050 and sustainable trade above 59650 can see further upside move towards the next resistance level of 59800…59950 ✒️ Silver 🥈 has support at 74700 while resistance at 75300. Sustainable trade below 74700 will take it to 74400...74100 very soon. If it breaks and sustain the resistance level of 75300 then will take it to 75600---75900 respectively. ✒️ Copper ⛓️ has support at 735 and resistance at 741. Sustainable trade above 741 will see the upside move towards 744, 747 and if sustained below 735 can catch the downside move towards 732, 729 respectively. ✒️ Zinc 🥉 has support at 217.50 and resistance at 221.50 Break and sustained below 217.50 will see the downside move 215.50---213.50 and if sustained above 221.50 can see further upside towards 223.50…225.50 level. ✒️ Aluminium 🪩 has support at 197 and resistance at 201 Sustainable trade below 197 can see the downside move towards 195...193 and if sustains above 201 will take it to 203, 205 very soon. ✒️ Natural gas ⛽ support has 220 and resistance 232. Sustainable trade above 232 can see more rally towards the next level of 238, 244 and if sustained below 220 then can move towards 214....208. ✒️ Crude oil 🛢️ has support at 6430 and resistance at 6510. Sustainable trade below 6430 can see more downside towards 6390…6350 and if sustained above 6510 will see the upside move towards 6550…6590 levels. www.indianmarketview.com