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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#LME Inventory for today (22nd March 2023)
Aluminium down by -550MT
Copper down by -1800MT
Lead up by 150MT
Nickel up by 780MT
Zinc up by 2575MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (22nd Mar 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 58450 and resistance 58750.Break and sustain below 58450 will take it to the next support level of 58300...58150 and sustainable trade above 58750 can see further upside move towards the next resistance level of 58900…59000
✒️ #Copper has support at 760 and resistance at 766. Sustainable trade above 766 will see the upside move towards 769, 772 and if sustained below 760 can catch the downside move towards 757, 754 respectively.
✒️ #NaturalGas support has 184 and resistance 196. Sustainable trade above 196 can see more rally towards the next level of 202, 208 and if sustained below 184 then can move towards 178…172.
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#MCX #Commodities Evening Session Technical Levels by IMV (21st Mar 2023) ✍️
✒️ Kindly follow our levels carefully. 👇🏻🧐
✒️ #Gold 🥇 has support at 59050 and resistance 59350. Break and sustain below 59050 will take it to the next support level of 58900...58750 and sustainable trade above 59350 can see further upside move towards the next resistance level of 59500…59650
✒️ #Silver 🥈 has support at 68500 while resistance at 69100. Sustainable trade below 68500 will take it to 68200...68000 very soon. If it breaks and sustain the resistance level of 69100 then will take it to 69400---69700 respectively.
✒️ #Copper 🥉 has support at 762 and resistance at 768 Sustainable trade above 768 will see the upside move towards 771, 774 and if sustained below 762 can catch the downside move towards 759, 756 respectively.
✒️ #Zinc 🥉 has support at 254 and resistance at 258 Break and sustained below 254 will see the downside move 252---250 and if sustained above 258 can see further upside towards 260…262 level.
✒️ #Aluminium 🪩 has support at 201.50 and resistance at 205.50 Sustainable trade below 201.50 can see the downside move towards 199.50...197 and if sustains above 205.50 will take it to 207.50, 209 very soon.
✒️ #NaturalGas ⛽ support has 178 and resistance 190. Sustainable trade above 190 can see more rally towards the next level of 196, 202 and sustained below 178 then can move towards 172....166.
✒️ #CrudeOil (April) 🛢️has support at 5670 and resistance at 5750. Sustainable trade below 5670 can see more downside towards 5630…5600 and if sustained above 5750 will see the upside move towards 5790…5840 levels.
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#LME Inventory for today (21st March 2023) 👇🏻
#Aluminium up by 21800MT,
#Copper down by -525MT,
#Lead up by 150MT,
#Nickel up by 498MT
#Zinc up by 2475MT.
www.indianmarketview.com
#MCX #Commodities Morning Update by IMV (21st Mar 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 59500 and resistance 59800.Break and sustain below 59500 will take it to the next support level of 59350...59200 and sustainable trade above 59800 can see further upside move towards the next resistance level of 59950…60100
✒️ #Zinc has support at 253 and resistance at 258 Break and sustained below 253 will see the downside move 251---249 and if sustained above 258 can see further upside towards 260…262 levels.
✒️ #NaturalGas support has 180 and resistance 192. Sustainable trade above 192 can see more rally towards the next level of 198, 204 and if sustained below 180 then can move towards 174…170.
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#MCX #Commodities Evening Session Technical Levels by IMV (20 Mar 2023) ✍️
No US Economic Data for today
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold 🥇 has support at 59600 and resistance 59900. Break and sustain below 59600 will take it to the next support level of 59450...59300 and sustainable trade above 59900 can see further upside move towards the next resistance level of 60050…60200
✒️ #Silver 🥈 has support at 68700 while resistance at 69300. Sustainable trade below 68700 will take it to 68400...68100 very soon. If it breaks and sustain the resistance level of 69300 then will take it to 69600---69900 respectively.
✒️ #Copper 🥉 has support at 752 and resistance at 758 Sustainable trade above 758 will see the upside move towards 761, 764 and if sustained below 752 can catch the downside move towards 749, 746 respectively.
✒️ #Zinc 🥉 has support at 254 and resistance at 258 Break and sustained below 254 will see the downside move 252---250 and if sustained above 258 can see further upside towards 260…262 level.
✒️ #Aluminium 🪩 has support at 201 and resistance at 205 Sustainable trade below 201 can see the downside move towards 199...197 and if sustains above 205 will take it to 207, 209 very soon.
✒️ #Naturalgas ⛽ support has 192 and resistance 204. Sustainable trade above 204 can see more rally towards the next level of 210, 215 and sustained below 192 then can move towards 186....180.
✒️ #CrudeOil (April) 🛢️ has support at 5370 and resistance at 5450. Sustainable trade below 5370 can see more downside towards 5330…5300 and if sustained above 5450 will see the upside move towards 5490…5540 levels.
Team Indian Market View
LME Inventory for today (20th March 2023)
Aluminium up by 19975MT
Copper up by 2225MT
Lead up by 150MT
Nickel up by 792MT
Zinc up by 3975MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (20 Mar 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Silver (May) has support at 68000 while resistance at 68600. Sustainable trade below 68000 will take it to 67700...67400 very soon. If it breaks and sustain the resistance level of 68600 then will take it to 68900---69200, respectively.
✒️ #Copper (Mar) has support at 750 and resistance at 756. Sustainable trade above 756 will see the upside move towards 759, 762 and if sustained below 750 can catch the downside move towards 747, 744 respectively.
✒️ #CrudeOil (April) has support at 5490 and resistance at 5580. Sustainable trade below 5490 can see more downside towards 5450…5410 and if sustained above 5580 will see the upside move towards 5620…5660 levels.
Rest of the commodities morning levels send to paid subscribers. 😊
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OUR WEEKLY COMMODITY LEVELS REPORT WHICH WE HAD PUBLISHED LAST SUNDAY
Download and read the same. Match the given levels.
Earned from it OR Missed it??
Team Indian Market View
Prelim UoM Consumer Sentiment
Actual: 63.4
Forecast: 66.9
Previous: 67.0
Prelim UoM Inflation Expectations
Actual: 3.8%
Previous: 4.1%
CB Leading Index m/m
Actual: -0.3%
Forecast: -0.3%
Previous: -0.3%
IMPACT: AS PER DATA FIGURE IT IS MIX FOR BULLION
#MCX #Commodities Evening Session Technical Levels by IMV (17 Mar 2023) ✍️
Major #USEconomic Data for today
07:30 PM : Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations and CB Leading Index m/m
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold 🥇 has support at 58150 and resistance 58450. Break and sustain below 58150 will take it to the next support level of 58000...57850 and sustainable trade above 58450 can see further upside move towards the next resistance level of 58600…58750
✒️ #Silver 🥈 has support at 66700 while resistance at 67300. Sustainable trade below 66700 will take it to 66400...66100 very soon. If it breaks and sustain the resistance level of 67300 then will take it to 67600---67900 respectively.
✒️ #Copper 🥉 has support at 753 and resistance at 760 Sustainable trade above 760 will see the upside move towards 763, 766 and if sustained below 753 can catch the downside move towards 750, 747 respectively.
✒️ #Zinc🥉 has support at 256 and resistance at 260 Break and sustained below 256 will see the downside move 254---252 and if sustained above 260 can see further upside towards 262…264 level.
✒️ #Aluminium 🪩 has support at 203 and resistance at 207 Sustainable trade below 203 can see the downside move towards 201...199 and if sustains above 207 will take it to 209, 211 very soon.
✒️ #NaturalGas ⛽ support has 200 and resistance 210. Sustainable trade above 210 can see more rally towards the next level of 215, 220 and sustained below 200 then can move towards 195....190.
✒️ #CrudeOil 🛢️ has support at 5690 and resistance at 5780. Sustainable trade below 5690 can see more downside towards 5650…5610 and if sustained above 5780 will see the upside move towards 5820…5860 levels.
Team Indian Market View
#LME Inventory for today (17th March 2023)
Aluminium up by 21800MT
Copper down by -275MT
Lead up by 150MT
Nickel up by 810MT
Zinc up by 4275MT
Team Indian Market View
#MCX #Commodities Morning Update by IMV (16 Mar 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold has support at 58050 and resistance 58350.Break and sustain below 58050 will take it to the next support level of 57900...57750 and sustainable trade above 58350 can see further upside move towards the next resistance level of 58500…58650
✒️ #Copper has support at 754 and resistance at 760. Sustainable trade above 760 will see the upside move towards 763, 766 and if sustained below 754 can catch the downside move towards 751, 748 respectively.
✒️ #CrudeOil has support at 5670 and resistance at 5750. Sustainable trade below 5670 can see more downside towards 5630…5600 and if sustained above 5750 will see the upside move towards 5790…5830 levels.
Rest of the commodities morning levels send to paid subscribers. 😊
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#NaturalGasStorage
Actual: -58B
Forecast: -62B
Previous: -84B
Impact: As per data it is weak for Natural Gas Prices
🏦💰🏦💰🏦💰🏦💰
As expected, Europe Central bank hikes interest rates by 0.50%. Now new interest rate is 3.50%
#UnemploymentClaims
Actual: 192K
Forecast: 205K
Previous: 211K
Building Permits
Actual: 1.52M
Forecast: 1.34M
Previous: 1.34M
Housing Starts
Actual: 1.45M
Forecast: 1.32M
Previous: 1.31M
Import Prices m/m
Actual: -0.1%
Forecast: -0.2%
Previous: -0.2%
Philly Fed Manufacturing Index
Actual: -23.2
Forecast: -14.7
Previous: -24.3
Impact: Overall Data is mix with bullish bias for Bullion Prices
#MCX #Commodities Evening Session Technical Levels by IMV (16 Mar 2023) ✍️
Major #USEconomic Data Today (16th March 2023)
06:00 PM : Unemployment Claims, Philly Fed Manufacturing Index, Building Permits, Housing Starts and Import Prices m/m
08:00 PM : #NaturalGasStorage
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Gold 🥇 has support at 58050 and resistance 58350. Break and sustain below 58050 will take it to the next support level of 57900...57750 and sustainable trade above 58350 can see further upside move towards the next resistance level of 58500…58650
✒️ #Silver 🥈 has support at 67200 while resistance at 67800. Sustainable trade below 67200 will take it to 66900...66600 very soon. If it breaks and sustain the resistance level of 67800 then will take it to 68100---68400 respectively.
✒️ #Copper 🥉 has support at 749 and resistance at 755 Sustainable trade above 755 will see the upside move towards 758, 761 and if sustained below 749 can catch the downside move towards 746, 743 respectively.
✒️ #Zinc 🥉 has support at 253.50 and resistance at 257.50 Break and sustained below 253.50 will see the downside move 251.50---250 and if sustained above 257.50 can see further upside towards 259.50…261 level.
✒️ #Aluminium 🪩 has support at 202 and resistance at 206 Sustainable trade below 202 can see the downside move towards 200...198 and if sustains above 206 will take it to 208, 210 very soon.
✒️ #NaturalGas ⛽ support has 200 and resistance 212. Sustainable trade above 212 can see more rally towards the next level of 218, 224 and sustained below 200 then can move towards 194....188.
✒️ #CrudeOil 🛢️ has support at 5600 and resistance at 5700. Sustainable trade below 5600 can see more downside towards 5560…5520 and if sustained above 5700 will see the upside move towards 5740…5780 levels.
Team Indian Market View
#MCX #Commodities Morning Update by IMV (16 Mar 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ #Silver has support at 66500 while resistance at 67200. Sustainable trade below 66500 will take it to 66200...66000 very soon. If it breaks and sustain the resistance level of 67200 then will take it to 67500---67800, respectively.
✒️ #Zinc has support at 254 and resistance at 258 Break and sustained below 254 will see the downside move 252---250 and if sustained above 258 can see further upside towards 260…262 levels.
✒️ #NaturalGas support has 200 and resistance 212. Sustainable trade above 212 can see more rally towards the next level of 218, 224 and if sustained below 200 then can move towards 195…190.
Rest of the commodities morning levels send to paid subscribers. 😊
Subscribe our any MCX Package to get daily morning levels complimentary 📲🤝🏻
www.indianmarketview.com
