16th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7600 |
≥7800 |
7600 – 7800 |
7500 – 8000 |
|
Aluminium |
≤2250 |
≥2350 |
2250 – 2300 |
2250 – 2450 |
|
INR |
≤79.40 |
≥79.80 |
79.60 – 79.90 |
79.30 – 80.10 |
OUR VIEW
Copper – Looks to bearish for couple of day.
Better to sell, Buy ≤ 7600,
Sell ≥ 7800
Aluminium – Looks to bullish.
Better to buy, Buy ≤ 2250, Sell ≥ 2350
USD/INR – Looks to strong.
Better to
sell, Buy ≤ 79.40,
Sell ≥ 79.80
FACTOR
AFFECTING MARKET
·
Copper is showing downward trend due to fear of fed rate hike.
·
I believe copper will jump to high near 8000 LME points.
·
The reasons is fed will surprise by not hiking interest rate as market
is expecting. It might be remain near 50 basis point.
·
Market will be surprised and we would see some strong rally in commodity,
equality and derivative markets.
·
Rupee is looks to strong in short run due to down in crude price, Bond
value has increase and due to foreign fund coming in Indian market.
·
However, in long run copper, aluminium and INR to remain under pressure
as deep recession is coming for sure, predicted by World Bank also.
Previous forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7650(15/09) – 7800(15/09) |
7600 – 7900 |
|
Aluminium |
2250(15/09) – 2325(15/09) |
2225 – 2350(15/09) |
|
INR |
79.40(15/09) – 79.70(15/09) |
79.20 –
80.00(16/09) |
Find previous research, all you need to know.
https://buysellbs.blogspot.com/2022/09/how-usas-cpi-data-will-affect-you-trade_15.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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