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
Ko'proq ko'rsatish4 480
Obunachilar
-324 soatlar
-17 kunlar
-1730 kunlar
Postlar arxiv
ISM Manufacturing PMI
Actual: 47.6
Forecast: 46.9
Previous: 46.4
IMPACT : NEGATIVE
ISM Manufacturing Prices
Actual: 48.4
Forecast: 43.9
Previous: 42.6
IMPACT : NEGATIVE
Construction Spending m/m
Actual: 0.7%
Forecast: 0.5%
Previous: 0.5%
IMPACT : NEGATIVE
Average Hourly Earnings m/m
Actual: 0.2%
Forecast: 0.3%
Previous: 0.4%
IMPACT - POSITIVE
Non-Farm Employment Change
Actual: 187K
Forecast: 169k
Previous: 157k
IMPACT : NEGATIVE
Unemployment Rate
Actual: 3.8%
Forecast: 3.5%
Previous: 3.5%
IMPACT : POSITIVE
Overall data mix with positive bias
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (01st Sep 2023) ✍️
✒️ Kindly follow our levels carefully. 👇🏻🤓
✒️ Gold 🥇 has support at 59310 and resistance 59630. Break and sustain below 59310 will take it to the next support level of 59160...59010 and sustainable trade above 59630 can see further upside move towards the next resistance level of 59780…59920
✒️ Silver (Dec) 🥈 has support at 75800 while resistance at 76400. Sustainable trade below 75800 will take it to 75500...75200 very soon. If it breaks and sustain the resistance level of 76400 then will take it to 76700---77000, respectively.
✒️ Copper ⛓️ has support at 738 and resistance at 744 Sustainable trade above 744 will see the upside move towards 747, 750 and if sustained below 738 can catch the downside move towards 735, 732 respectively.
✒️ Zinc 🥉 has support at 218.20 and resistance at 222.20 Break and sustained below 218.20 will see the downside move 216.20---214.20 and if sustained above 222.20 can see further upside towards 224.20…226.20 levels.
✒️ 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.
✒️ Natural Gas ⛽ support has 222 and resistance 232. Sustainable trade above 232 can see more rally towards the next level of 238, 244 and if sustained below 222 then can move towards 216…210.
✒️ Crude Oil 🛢️ has support at 6950 and resistance at 7030. Sustainable trade below 6950 can see more downside towards 6910…6870 and if sustained above 7030 will see the upside move towards 7070…7110 levels.
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LME Inventory For Today
Aluminium down by -7100MT
Copper up by 1350MT
Lead up by 225MT
Nickel down by -12MT
Zinc up by 5925MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (01st Sep 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Gold (Oct) has support at 59150 and resistance 59450. Break and sustain below 59150 will take it to the next support level of 59000...58850 and sustainable trade above 59450 can see further upside move towards the next resistance level of 59600…59750
✒️ Zinc (Sep) 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 levels.
✒️ Natural Gas (Sep) support has 222 and resistance 234. Sustainable trade above 234 can see more rally towards the next level of 240, 245 and if sustained below 222 then can move towards 216…210.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
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Natural Gas Storage
Actual: 32B
Forecast: 28B
Previous: 18B
IMPACT As per actual data it is negative for Natural Gas Prices
Chicago PMI
Actual: 48.7
Forecast: 44.3
Previous: 42.8
DATA IS NEGATIVE FOR BULLION
Personal Spending m/m
Previous: 0.50%
Forecast: 0.70%
Actual: 0.80%
Impact: Slightly negative for bullion
Core PCE Price Index m/m
Previous: 0.20%
Forecast: 0.20%
Actual: 0.20%
Impact: Neutral for Bullion
Unemployment Claims
Previous: 230k
Forecast: 236K
Actual: 228K
Impact: Slightly Negative for Bullion
At 06:00 PM Important datas ahead
As per forecast some are looking Bullish and some are looking negative.
So data can be mix and volatality will be there.
Trade cautiously.
📢 MCX Commodities 🪙 Evening Session Technical Levels 🧐 by IMV (31st Aug 2023) ✍️
Today Evening US 🇺🇸 Economic Data 📊
06:00 PM : Core PCE Price Index m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m
07:15 PM : Chicago PMI
08:00 PM : Natural Gas Storage
✒️ Kindly follow our levels carefully. 👇🏻🤓
✒️ Silver (Dec) 🥈 has support at 75700 while resistance at 76300. Sustainable trade below 75700 will take it to 75400...75100 very soon. If it breaks and sustain the resistance level of 76300 then will take it to 76600---76900, respectively.
✒️ Zinc 🥉 has support at 215 and resistance at 219 Break and sustained below 215 will see the downside move 213---211 and if sustained above 219 can see further upside towards 221…223 levels.
✒️ Natural Gas ⛽ support has 227 and resistance 237. Sustainable trade above 237 can see more rally towards the next level of 242, 248 and if sustained below 227 then can move towards 222…216.
✒️ Crude Oil 🛢️ has support at 6750 and resistance at 6840. Sustainable trade below 6750 can see more downside towards 6710…6670 and if sustained above 6840 will see the upside move towards 6880…6920 levels.
👉 Rest Gold, Copper and Aluminium evening levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
LME Inventory For Today
Aluminium down by -1625MT
Copper up by 3650MT
Lead up by 425MT
Nickel down by -12MT
Zinc up by 6100MT
Team Indian Market View
🌞 Commodities 🪙 Morning Update by IMV (31st Aug 2023) 🇮🇳✍🏻
✒️ Kindly follow our levels carefully. 🧐👇🏻
✒️ Silver (Dec) has support at 75800 while resistance at 76400. Sustainable trade below 75800 will take it to 75500...75200 very soon. If it breaks and sustain the resistance level of 76400 then will take it to 76700---77000, respectively.
✒️ Copper has support at 733 and resistance at 739 Sustainable trade above 739 will see the upside move towards 742, 745 and if sustained below 733 can catch the downside move towards 730, 727 respectively.
✒️ Crude Oil has support at 6700 and resistance at 6790. Sustainable trade below 6700 can see more downside towards 6660…6620 and if sustained above 6790 will see the upside move towards 6830…6870 levels.
👉 Rest of the Commodities levels send to Weekly Report Buyers and to our Paid Package Subscribers
www.indianmarketview.com
USA Crude Oil Inventories
Forecast -2.2M
Previous -6.1M
Actual -10.6M.
Impact : As per data it is Positive for Crude oil
Pending Home Sales m/m
Previous: 0.30%
Forecast: -0.80%
Actual: 0.90%
Impact: As per actual data it is negative for Bullion
Both major data came positive for Bullion
Prelim GDP q/q
Previous: 2.40%
Forecast: 2.40%
Actual: 2.10%
Impact : As per actual data it Positive for Bullion
*ADP Non-Farm Employment Change*
Previous: 324k
Forecast: 194k
Actual: 177K
*Impact : As per actual data it is Positive for Bullion*
