Indian Market View Commodity Channel (SEBI Registered)
Kanalga Telegram’da o‘tish
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
Ko'proq ko'rsatish4 480
Obunachilar
+424 soatlar
-27 kunlar
-1830 kunlar
Postlar arxiv
ISM Manufacturing PMI
Previous: 46.70
Forecast: 47.90
Actual: 46.70
IMPACT: AS PER ACTUAL DATA IT IS POSITIVE FOR BULLION
ISM Manufacturing Prices
Previous: 45.10
Forecast: 46.10
Actual: 49.90
IMPACT: AS PER ACTUAL DATA IT IS NEGATIVE FOR BULLION
Final Manufacturing PMI
Previous: 49.4
Forecast: 49.4
Actual: 49.4
IMPACT: DATA AS PER EXPECTATIONS SO NEUTRAL FOR BULLION
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (01st Dec 2023) ✍️
Major US Economic Data for the day (01st Dec 2023)
08:15 PM: Final Manufacturing PMI
08:30 PM: ISM Manufacturing PMI, ISM Manufacturing Prices
09:30 PM: Fed Chair Powell Speaks ⚠️ (Important Event)
✒ Kindly follow our levels carefully 🧐
✒️ Silver (Mar) 🥈 has support at 77400 while resistance at 78000. Sustainable trade below 77400 will take it to 77100...76800 very soon. If it breaks and sustain the resistance level of 78000 then will take it to 78300---78600, respectively.
✒️ Copper (Dec) ⛓️ has support at 721 and resistance at 727 Sustainable trade above 727 will see the upside move towards 730, 733 and if sustained below 721 can catch the downside move towards 718, 715 respectively.
✒️ Crude Oil (Dec) 🛢️ has support at 6310 and resistance at 6410. Sustainable trade below 6310 can see more downside towards 6270…6230 and if sustained above 6410 will see the upside move towards 6450…6490 levels.
👉 Rest Gold,Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (01st Dec 2023):
Aluminium up by 300MT,
Copper down by -1000MT,
Lead down by -2250MT,
Nickel up by 900MT
Zinc down by -1975MT.
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (01st Dec 2023) 🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Silver (Mar) has support at 77300 while resistance at 77900. Sustainable trade below 77300 will take it to 77000...76700 very soon. If it breaks and sustain the resistance level of 77900 then will take it to 78200---78500, respectively.
✒️ Zinc (Dec) has support at 220.70 and resistance at 224.70 Break and sustained below 220.70 will see the downside move 218.60---216.60 and if sustained above 224.70 can see further upside towards 226.70…228.50 levels.
✒️ Natural Gas (Dec) support has 229 and resistance 239. Sustainable trade above 239 can see more rally towards the next level of 244, 249 and if sustained below 229 then can move towards 224…219.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Natural Gas Storage
Previous: -7B
Forecast: -12B
Actual: +10B
IMPACT: AS PER ACTUAL DATA IT IS NEGATIVE FOR NATURAL GAS
Pending Home Sales m/m
ACTUAL DATA: -1.5%
IMPACT: AS PER ACTUAL DATA IT IS SLIGHTLY POSITIVE FOR BULLION
Chicago PMI
ACTUAL DATA: 55.8
IMPACT: DATA IS NEGATIVE FOR BULLION
OPEC+ Agrees on 1M BPD of extra supply cuts.
Positive for CRUDE OIL Prices
Core PCE Price Index m/m
Previous: 0.3%
Forecast: 0.2%
Actual: 0.2%
IMPACT: AS PER EXPECTATION NEUTRAL
Unemployment Claims
Previous: 209K
Forecast: 219K
Actual: 218K
IMPACT: AS PER EXPECTATION NEUTRAL
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (30th Nov 2023) ✍️
✒ Kindly follow our levels carefully 🧐
✒️ Gold (Feb) 🥇 has support at 62480 and resistance 62780. Break and sustain below 62480 will take it to the next support level of 62320...62190 and sustainable trade above 62780 can see further upside move towards the next resistance level of 62920…63050
✒️ Silver (March) 🥈 has support at 76800 while resistance at 77400. Sustainable trade below 76800 will take it to 76500...76200 very soon. If it breaks and sustain the resistance level of 77400 then will take it to 77700---78000, respectively.
✒️ Zinc (Dec) 🥉 has support at 221 and resistance at 225 Break and sustained below 221 will see the downside move 219---217 and if sustained above 225 can see further upside towards 227…229 levels.
👉 Rest Copper, Aluminium, Crude Oil and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
Many important US Data in the evening session. Starting from 07:00 PM.
LME Inventory for today (30th Nov 2023)
Aluminium up by 300MT,
Copper up by 300MT,
Lead down by -2875MT,
Nickel up by 870MT
Zinc down by -550MT.
Team Indian Market View
📈🛢️ OPEC+ & Crude Oil Latest Update
🔍📉 Crude oil prices are finding support amid optimistic expectations for a price-boosting resolution emerging from the OPEC+ meeting today.
🔄⚖️ The cartel is contemplating more substantial production cuts to counteract the recent decline in crude prices, though there are divergent views.
🇸🇦🇷🇺 Saudi Arabia and Russia are anticipated to take the lead in further reducing production, building on their combined 5 million barrels per day cut over the past year.
📰🗞️ Reports on Wednesday indicated the likelihood of the cartel implementing an additional million barrels per day production cut.
🌍⛽ African members of the OPEC+ group, Angola and Nigeria, are aiming for increased oil output.
🌞 Commodities 🪙 Morning Update by IMV (30th Nov 2023) 🇮🇳✍🏻
✒ Kindly follow our levels carefully 🧐
✒️ Gold (Feb) has support at 62600 and resistance 62900. Break and sustain below 62600 will take it to the next support level of 62450...62300 and sustainable trade above 62900 can see further upside move towards the next resistance level of 63050…63200
✒️ Copper (Dec) has support at 717 and resistance at 723 Sustainable trade above 723 will see the upside move towards 726, 729 and if sustained below 717 can catch the downside move towards 714, 711 respectively.
✒️ Crude Oil (Dec) has support at 6440 and resistance at 6530. Sustainable trade below 6440 can see more downside toward 6400…6360 and if sustained above 6530 will see the upside move towards 6570…6610 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
CHINA DATA UPDATE
Impact: Slightly Negative for Base Metals
Crude Oil Inventories
FORECAST: -.933M
ACTUAL: 1.609M
AS PER ACTUAL DATA IT IS SLIGHTLY NEGATIVE FOR CRUDE OIL PRICES
US DATA UPDATE
Prelim GDP q/q
Previous: 4.90%
Forecast: 5.0%
Actual: 5.2%
IMPACT: AS PER ACTUAL DATA IT IS NEGATIVE FOR BULLION
Prelim GDP Price Index q/q
Previous: 3.50%
Forecast: 3.50%
Actual: 3.50%
IMPACT: AS PER ACTUAL DATA IT IS NEUTRAL FOR BULLION
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (29th Nov 2023) ✍️
Major US 🇺🇸 Economic Data 📊 Today Evening
07:00 PM : Prelim GDP q/q, Prelim GDP Price Index q/q, Goods Trade Balance and Prelim Wholesale Inventories m/m
09:00 PM : Crude Oil Inventories
✒ Kindly follow our levels carefully 🧐
✒️ Silver (March) 🥈 has support at 76700 while resistance at 77300. Sustainable trade below 76700 will take it to 76400...76150 very soon. If it breaks and sustain the resistance level of 77300 then will take it to 77600---77900, respectively.
✒️ Copper (Dec) ⛓️ has support at 718.50 and resistance at 724.50 Sustainable trade above 724.50 will see the upside move towards 727.50, 730 and if sustained below 718.50 can catch the downside move towards 715.50, 713 respectively.
✒️ Crude Oil (Dec) 🛢️ has support at 6400 and resistance at 6500. Sustainable trade below 6400 can see more downside towards 6360…6320 and if sustained above 6500 will see the upside move towards 6540…6580 levels.
👉 Rest Gold ,Zinc, Aluminium and NG evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory for today (29th Nov 2023)
Aluminium up by 1800MT,
Copper down by -1450MT,
Lead up by 5975MT,
Nickel up by 570MT
Zinc up by 17025MT.
Team Indian Market View
