30th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7200 |
≥7500 |
7300 – 7550 |
7150 – 7700 |
|
Aluminium |
≤2125 |
≥2250 |
2125 – 2200 |
2050 – 2250 |
|
INR |
≤81.50 |
≥82.00 |
81.40 – 81.90 |
81.00 – 82.25 |
OUR
VIEW
Copper – Looks to Bearish.
Better to sell, Buy ≤ 7200,
Sell ≥ 7500
Aluminium – Looks to Bearish.
Better to sell, Buy ≤ 2125, Sell ≥ 2250
USD/INR –
INR looks weak in long run.
Better to buy, Buy ≤ 81.50,
Sell ≥ 82.00
FACTOR
AFFECTING MARKET
·
Rally which predict has come as
prise rise, sorry, but will not extend from here.
·
Yesterday price jump was due to some News as follows :-
1) Possibility of ban on Russia
2) Across the globe mines raise
production
3) Production cut of Aluminium mines
·
But may be positive ends here, for next week and ready for some shortfall,
reasons :-
1) INR looks weak
2) Ban on Russia won’t happen
3) Norsk Hydro production cut rummors
waive off
4) Expected cycle of up and
down in commodity
·
INR not getting down under 81.50, due to that next week may see levels near
82 again.
Previous
forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7300(29/09) – 7525(29/09) |
7150 – 7600(29/09) |
|
Aluminium |
2125(29/09) – 2175(29/09) |
2050 – 2300(29/09) |
|
INR |
81.40(29/09)
– 81.90(29/09) |
81.00 – 82.00(29/09) |
Find previous three
research, all you need to know.
https://buysellbs.blogspot.com/2022/09/market-is-tumbling-day-by-day-what-any.html
https://buysellbs.blogspot.com/2022/09/are-we-going-toward-recession-what-to.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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