Copper, Aluminium, USD/INR market report

08^th, September, 2022                                                                             

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7550	≥7800	7600 - 7775	7500-7900
Aluminium	≤2250	≥2400	2250 - 2325	2250-2400
INR	≤79.30	≥80	79.60-79.95	79.30-80.10

 

 

 

 

OUR VIEW

Commodity: - Copper – Looks to Bullish for short run.

                           Better to buy, Buy ≤ 7550, Sell ≥ 7800

                        Aluminium – Looks to Bullish from, Bottom already recovered.

                           Buy ≤ 2250, Sell ≥ 2400

 USD/INR    : - Better to sell, Buy ≤ 79.30, Sell ≥ 80               

 

FACTOR AFFECTING MARKET                 

·        Copper to remain tight in short run due to must traders in foreign country expected upward tread.

·        Aluminium has tested bottom level now chances of the gain in short run are quite bright.

·        On the other hand, Lower than expected chances trade data may disturb commodities.

·        Overall sentiments and fundament suggest downward tread. However, request to cash it out this short Bull Run phase.

·        INR is well protected by RBI and in short run not looks to break and sustain above 80. Rupee looks strong in short run.

Previous forecasting results achieved, showing in Red:

 

Commodity	48 Hours range	10 Days range
Copper	7575(07/09) – 7775	7500 – 7900
Aluminium	2250(07/09) – 2325	2240(07/09) – 2400
INR	79.70(07/09)- 79.95(07/09)	79.50(07/09) – 80.10(07/09)

 

 

 

 Find previous research, all you need to know.

https://buysellbs.blogspot.com/2022/09/market-report-07092022.html

Thank you

Rahul Mudra

Disclaimer: This article is for Study and research purpose. Request you to use your wisdom before applying it.