How USA’s CPI data will affect you trade? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

14^th, September, 2022                                                                             

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7700	≥7850	7700 – 7900	7650 –  8000
Aluminium	≤2250	≥2400	2250 – 2300	2250 – 2400
INR	≤79.20	≥79.80	79.30 – 79.80	79.10  – 80.00

 

 

 

 

OUR VIEW

Copper        – Looks to bearish in range bound.

                        Better to sell, Buy ≤ 7700, Sell ≥ 7850

Aluminium – Looks to bullish.

                        Better to hold, Buy ≤ 2250, Sell ≥ 2400

 USD/INR   – Looks to strong.

                        Better to sell, Buy ≤ 79.20, Sell ≥ 79.80               

 FACTOR AFFECTING MARKET 

·        Yesterday’s CPI data suggest inflation was not ease as expected.

·        Due to that, chances of rate hike of 100 BPS, compere to 75 BPS.

·        That data shocks all commodity, equity, and derivative markets.

·        Copper: ‘Escondida strike’ issue once again happen but won’t affect too much.

·        Aluminium is looks recover from the bottom, as demand is very high.

·        Aluminium cannot be down for too long as energy sectors, solar sector and EV’s demand will always to raise.

·        INR will play range bound today but strongness in INR is expected.

 Previous forecasting results achieved, showing in Red:

 

Commodity	48 Hours range	10 Days range
Copper	7800(13/09) – 8025(13/09)	7600 – 8100(13/09)
Aluminium	2275(13/09) – 2325(13/09)	2250(13/09) – 2400
INR	78.90  – 79.50(13/09)	78.80  – 80.00

 

 

 

 Find previous research, all you need to know.

https://buysellbs.blogspot.com/2022/09/what-to-happen-today-in-copper_13.html

Thank you

Rahul Mudra

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