Dear Followers, Hope you must be follwoing our weekly and daily levels of MCX Commodities and making money on regular basis. Last week Crude and Natural Gas levels worked well and moved the same direction as written in the weekly reports. Copper after breaking our resistance levels moved well and achieved our 2nd Target of approx 14 Rs. Zinc too after breaking our resistance levels moved almost 4 Rs. Aluminium respected our resistance levels dot to dot.
In Gold our given support levels worked well but missed on resistance levels. While in Silver vice versa happened and it respected our given resistance levels but missed at support levels. To read our previosu week report, Click here!
Now, what to expect this week?
Major Key Events to look for in upcoming week:
Jan 31st 2023 (Tuesday) US CB Consumer Confidence
Jan 31st 2023 (Tuesday) China Manufacturing PMI and Non-Manufacturing PMI (This data will mainly impact Base Metals)
Feb 01st 2023 (Wednesday) Union Budget of India
Feb 01st 2023 (Wednesday) US ADP Non-Farm Employment Change, ISM Manufacturing PMI, JOLTS Job Openings
Feb 01st 2023 (Wednesday) OPEC-JMMC Meetings (All Day) (This data will mainly impact Crude Oil)
Feb 02nd 2023 (Wednesday-Thursday Midnight) FED Fund Rate Decision and FOMC Statement (This data will mainly impact Gold and Silver)
Feb 02nd 2023 (Thursday) ECB Monetary Policy Meeting
Feb 03rd 2023 (Friday) US Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate and ISM Services PMI
This time our Commodities Weekly Levels are on paid basis.
Price of the same is Just Rs 100.
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Thanks Team Indian Market View