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 (07th Sep 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver has support at 72000 while resistance at 72600. Sustainable trade below 72000 will take it to 71700...71400 very soon. If it breaks and sustain the resistance level of 72600 then will take it to 72900---73200, respectively.
✒️ Copper has support at 729 and resistance at 735 Sustainable trade above 735 will see the upside move towards 738, 741 and if sustained below 729 can catch the downside move towards 726, 723 respectively.
✒️ Crude Oil has support at 7210 and resistance at 7305. Sustainable trade below 7210 can see more downside towards 7170…7130 and if sustained above 7305 will see the upside move towards 7350…7390 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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Trade Balance
Actual: -65.0B
Forecast: -67.9B
Previous: -65.5B
DATA IS SLIGHTLY NEGATIVE FOR BULLION
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (06th Sep 2023) ✍️
Today Evening US 🇺🇸 Economic Data 📊
06:00 PM : Trade Balance
07:15 PM : Final Services PMI
07:30 PM : ISM Services PMI
✒️ Kindly follow our levels carefully. 👇🏻🤓
✒️ Gold 🥇 has support at 59100 and resistance 59400. Break and sustain below 59100 will take it to the next support level of 58950...58800 and sustainable trade above 59400 can see further upside move towards the next resistance level of 59550…59700
✒️ Copper ⛓️ has support at 737 and resistance at 743 Sustainable trade above 743 will see the upside move towards 746, 749 and if sustained below 737 can catch the downside move towards 734, 731 respectively.
✒️ Crude Oil 🛢️ has support at 7130 and resistance at 7230. Sustainable trade below 7130 can see more downside towards 7090…7050 and if sustained above 7230 will see the upside move towards 7270…7310 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 Sep 2023)
Aluminium down by -4475MT
Copper up by 2975MT
Lead up by 50MT
Nickel up by 252MT
Zinc up by 3150MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (06th Sep 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Gold has support at 59000 and resistance 59320. Break and sustain below 59000 will take it to the next support level of 58850...58700 and sustainable trade above 59320 can see further upside move towards the next resistance level of 59480…59620
✒️ Zinc has support at 218 and resistance at 223 Break and sustained below 218 will see the downside move 216---214 and if sustained above 223 can see further upside towards 225…227 levels.
✒️ Crude Oil has support at 7150 and resistance at 7250. Sustainable trade below 7150 can see more downside towards 7110…7070 and if sustained above 7250 will see the upside move towards 7290…7340 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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⚠️⚠️ Breaking Update
Sudden jump in Crude Oil after the news that Saudi Arabia and Russia extend supply cuts to end-2023
Major MCX Commodities Evening Session Technical Levels
US Economic Data in the evening:
07:30 PM Factory Orders m/m
Kindly follow our levels carefully
✒️ Gold (Oct) has support at 59200 and resistance 59500. Break and sustain below 59200 will take it to the next support level of 59050...58900 and sustainable trade above 59500 can see further upside move towards the next resistance level of 59650…59800.|
✒️ Copper (Sep) has support at 733.20 and resistance at 739.20 Sustainable trade above 739.20 will see the upside move towards 742.20, 745 and if sustained below 733.20 can catch the downside move towards 730.20, 727.50 respectively.
✒️ Crude Oil (Sep) has support at 7020 and resistance at 7120. Sustainable trade below 7020 can see more downside towards 6980…6940 and if sustained above 7120 will see the upside move towards 7160…7200 levels.
Rest of the commodities levels send to 'Paid Levels Subscribers and Call Package Subscribers. Join the same to get access of all commodities morning and evening all levels
**Team Indian Market View*
LME Inventory for the day (05th Sep 2023)
Aluminium up by 475MT
Copper up by 3125MT
Lead up by 250MT
Nickel up by 6MT
Zinc up by 4325MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (05th Sep 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver has support at 73900 while resistance at 74500. Sustainable trade below 73900 will take it to 73600...73300 very soon. If it breaks and sustain the resistance level of 74500 then will take it to 74800---75100, respectively.
✒️ Zinc has support at 218.40 and resistance at 222.40 Break and sustained below 218.40 will see the downside move 216.40---214.40 and if sustained above 222.40 can see further upside towards 224.40…226.40 levels.
✒️ Natural Gas support has 214 and resistance 226. Sustainable trade above 226 can see more rally towards the next level of 231, 237 and if sustained below 214 then can move towards 209…204.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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Dear All
Today US Market is OFF on account of Labor Day so today move will be limited and after 7 PM we are expecting dull activity in the market.
आज मजदूर दिवस के कारण अमेरिकी बाजार बंद है इसलिए आज कमोडिटीज में चाल सीमित रहेगी और शाम 7 बजे के बाद हमें बाजार में और भी ज्यादा सुस्त गतिविधि की उम्मीद है।
Team Indian Market View
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (04th Sep 2023) ✍️
No US 🇺🇸 Economic Data 📊 today, as US Market is closed on account of Labor Day. We might see a dull move in the market 🤷🏻♀️
✒️ Kindly follow our levels carefully. 👇🏻🤓
✒️ Gold 🥇 has support at 59320 and resistance 59620. Break and sustain below 59320 will take it to the next support level of 59150...59000 and sustainable trade above 59620 can see further upside move towards the next resistance level of 59770…59900
✒️ Silver (Dec) 🥈 has support at 74500 while resistance at 75100. Sustainable trade below 74500 will take it to 74200...73900 very soon. If it breaks and sustain the resistance level of 75100 then will take it to 75400---75700, respectively.
✒️ Copper ⛓️ has support at 733.60 and resistance at 739.60 Sustainable trade above 739.60 will see the upside move towards 742.60, 745 and if sustained below 733.60 can catch the downside move towards 730.60, 728 respectively.
✒️ Zinc 🥉 has support at 219 and resistance at 223 Break and sustained below 219 will see the downside move 217---215 and if sustained above 223 can see further upside towards 225…227 levels.
✒️ Aluminium 🪩 has support at 200 and resistance at 204 Sustainable trade below 200 can see the downside move towards 198...196 and if sustains above 204 will take it to 206, 208 very soon.
✒️ Natural Gas ⛽ support has 218 and resistance 228. Sustainable trade above 228 can see more rally towards the next level of 233, 238 and if sustained below 218 then can move towards 213…208.
✒️ Crude Oil 🛢️ has support at 7040 and resistance at 7130. Sustainable trade below 7040 can see more downside towards 7000…6960 and if sustained above 7130 will see the upside move towards 7170…7210 levels.
www.indianmarketview.com
LME Inventory For Today (04th Sep 2023)
Aluminium down by -1750MT
Copper up by 3125MT
Lead up by 250MT
Nickel down by -12MT
Zinc up by 5925MT
Team Indian Market View
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**Team Indian Market View**
🌞 Commodities 🪙 Morning Update by IMV (04th Sep 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 7040 and resistance at 7140. Sustainable trade below 7040 can see more downside towards 7000…6960 and if sustained above 7140 will see the upside move towards 7180…7220 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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जिन लोगो को हमारे डेली सुबह और शाम सभी कमोडिटीज के टेक्निकल सपोर्ट एंड रेजिस्टेंस लेवल्स के साथ-साथ लाइव मार्केट प्रीमियम अपडेट और प्रीमियम सपोर्ट प्राप्त करना चाहते हैं, वे इसे खरीदना न भूलें और तुरंत 'प्रीमियम व्हाट्सएप अपडेट ग्रुप' में शामिल हों।
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This week's (04th to 08th Sep 2023) 'Commodity Weekly Levels' report published.
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