BUYSELLBS: Are we going toward deep Recession? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

Tuesday, September 27, 2022

Are we going toward deep Recession? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

27^th, September, 2022

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7200	≥7500	7250 – 7400	7100 – 7600
Aluminium	≤2150	≥2300	2150 – 2220	2125 – 2300
INR	≤80.50	≥81.50	80.90 – 81.50	80.60 – 81.80

OUR VIEW

Copper – Looks to Bearish.

Better to sell, Buy ≤ 7200, Sell ≥ 7500

Aluminium – Looks to Bearish.

Better to buy, Buy ≤ 2150, Sell ≥ 2300

USD/INR – INR looks bit strong.

Better to sell, Buy ≤ 80.50, Sell ≥ 81.50

FACTOR AFFECTING MARKET

· Copper is down due to slow demand. However, demand is slow due to fear and uncertainty.

· Aluminium demand is also look weak for this weak. Recession fear and war situation kept down.

· However, next week we might get chance of some recovery in Copper and Aluminium.

· Market is trying to cooling off from news of China’s uncertainty and Fed’s rate hike.

· This week market has faced so many shockers still it not went so down as it should; there is a hope in it.

· Fundamentally, Rupee is strong, as down in crude oil, less depreciation compare to other currency opting substitute of US dollar are prime reasons for that.

Previous forecasting results achieved, showing in Red:

Commodity	48 Hours range	10 Days range
Copper	7275(26/09) – 7400(26/09)	7100 – 7600
Aluminium	2180(26/09) – 2250	2150(26/09) – 2300
INR	81.40(26/09) – 81.80(26/09)	80.50 – 81.90