26th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7200 |
≥7500 |
7275 – 7400 |
7100 – 7600 |
|
Aluminium |
≤2200 |
≥2300 |
2180 – 2250 |
2150 – 2300 |
|
INR |
≤80.70 |
≥81 |
81.40 – 81.80 |
80.50 – 81.90 |
OUR VIEW
Copper – Looks Bearish for
this week.
Better to sell, Buy ≤ 7200,
Sell ≥ 7500
Aluminium – Looks Bearish for this week.
Better to hold, Buy ≤ 2200, Sell ≥ 2300
USD/INR – Looks
weak for this week.
Better to
sell, Buy ≤ 80.70,
Sell ≥ 81
FACTOR
AFFECTING MARKET
·
Market
is in panic and was expected
so.
·
Although, some new development such as uncertainty in China and war situation
escalate spoil the bad situation into worst.
·
Recession fear is confirmed by many central banks by rising rates
·
Copper & Aluminium to remain down and in panic situation for this week,
grab to buy opportunity if find some good opportunity, near 7200 in Copper and
2200 in Aluminium.
·
Indian rupee will keep depreciate till RBI meeting on 30th
September, 2022.
·
However, I feel this panic is for this week only in short term. We may
see some good recovery in Copper, Aluminium and INR in next week.
Previous forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7600(23/09) – 7750 |
7500(23/09) – 7900 |
|
Aluminium |
2225(23/09) – 2280 |
2225(23/09) – 2350 |
|
INR |
80.20 – 80.80(23/09) |
79.70 – 81.25(23/09) |
Find previous three research,
all you need to know.
https://buysellbs.blogspot.com/2022/09/what-to-happen-today-in-copper_23.html
https://buysellbs.blogspot.com/2022/09/still-some-positive-in-market-what-are.html
https://buysellbs.blogspot.com/2022/09/what-will-be-effect-of-feds-action.html
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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