15th, September, 2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7650 |
≥7800 |
7650 – 7800 |
7600 – 7900 |
|
Aluminium |
≤2250 |
≥2350 |
2250 – 2325 |
2225 – 2350 |
|
INR |
≤79.30 |
≥79.80 |
79.40 – 79.70 |
79.20 – 80.00 |
OUR VIEW
Copper – Looks to bearish till this week.
Better to sell, Buy ≤ 7650,
Sell ≥ 7800
Aluminium – Looks to bearish for
two days.
Better to sell, Buy ≤ 2250, Sell ≥ 2350
USD/INR – Looks to bullish.
Better to
sell, Buy ≤ 79.30,
Sell ≥ 79.80
FACTOR
AFFECTING MARKET
·
The threat
of fed rate hike force commodity market towards downward.
·
This will be
continue for further couple of days.
·
“Moody’s- a
credit rating firm” believe that three is deep slowdown is possible. This will
not affect in short run but in long run, this report is dangerous.
·
Aluminium’s
LME raise significantly that may keep down Aluminium for couple of days. But,
overall demand is high.
·
Foreign
inflow has kept INR strong against USD, but flow will be restricted if fed rate
hike above expectation. However, INR is strong in short run.
Previous forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7700(14/09) – 7900(14/09) |
7650 – 8000 |
|
Aluminium |
2250(14/09) – 2300(14/09) |
2250(14/09) –
2400 |
|
INR |
79.30(14/09) – 79.80(15/09) |
79.10 –
80.00 |
Find previous research, all you need to know.
https://buysellbs.blogspot.com/2022/09/how-usas-cpi-data-will-affect-you-trade.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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