|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
7700 |
8200 |
8000-8250 |
7700-8250 |
|
Aluminium |
2200 |
2525 |
2450-2525 |
2350-2500 |
|
INR |
80 |
79.30 |
79.70-79.95 |
79.30-80.10 |
OUR
VIEW
Commodity:-
Copper- Looks Bearish (Downward), Better to sell
Aluminium- Looks Bullish
(Upward), Better
to hold
USD/INR: - Looks Bullish
(Upward), Better
to sell
INR
will strong.
Reference Factors
· Due to summer heat
cool of , Demand rise in China.
·
Power crisis is
intact which lead higher base metal price.
·
But, overall future
demand is considered bearish trend.
·
Constant war
situation across the globe recession fear, Downward in GDP of must countries
and economical un-stability has derived the trend of downward in long term.
·
Copper to sell any
level near 8200 and to buy if breach level of 7700 (LME).
·
Aluminium to hold
now if breach 2525 level better to buy, till now good to sell, buy <2200.
· INR will have a good chance to show stronger but it will be for a while, Level of 79.50 is expected in 2-3 working day.
Thank you
Rahul Mudra
Disclaimer: This article is for Study and research purpose. Request you
to use your wisdom before applying it.
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