01th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7700 |
≥8000 |
7650-8000 |
7650-8200 |
|
Aluminium |
≤2250 |
≥2450 |
2325-2425 |
2325-2500 |
|
INR |
≤79.30 |
≥80 |
79.25-79.60 |
79.25-79.90 |
OUR VIEW
Commodity: - Copper - looks short
term Bull Run.
Buy ≤ 7700, Sell ≥ 8000
Aluminium: - looks short term Bull Run.
Buy ≤ 2250, Sell ≥ 2450
INR: -
looks from now Bearish.
Buy ≤ 79.30, Sell ≥ 80
REFRENCE FACTOR
·
Market is getting reverse
due to china’s slow demand.
·
But, as per my view
whenever there is slow buying in china, next 10 days
huge rate is expected.
·
All other factor such as
fed rate hike, Recession, pandemic and war situations are constant.
·
Golden era for any economy
will not come until US DOLLER is base currency
for tread.
·
INR is shown strength
since last two days but it is not own strength of INR but RBI & Central bank is supporting INR.
·
Last few days, markets
were in range bound but now we will see huge volatility. In base metal rally
will come but will for short run only.
Previous
forecasting result achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7800(30/08) - 8000(30/08) |
7600(31/08) - 8200 |
|
Aluminium |
2375(30/08) - 2425(30/08) |
2350(30/08) - 2450(30/08) |
|
INR |
79.40(30/08) - 79.80 (30/08) |
79.30(01/09) - 80.10 |
Rahul Mudra
Disclaimer: This article is for Study and research purpose. Request you
to use your wisdom before applying it.
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