Market report 07.09.2022

07^th, September, 2022                                                                             

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7500	≥7800	7575 - 7775	7500 – 7900
Aluminium	≤2250	≥2400	2250 - 2350	2240 – 2400
INR	≤79.30	≥80	79.70 - 79.90	79.30 - 80.10

 

 

 

 OUR VIEW

Commodity: - 

                   Copper- Will go up Bullish (upward) for short run,

                                  Better to buy. Buy ≤ 7500, Sell ≥ 7800         

                   Aluminium: -Will go up Bullish for short run,

                                  Better to buy, Buy ≤ 2250, Sell ≥ 2400

USD/ INR    :- Better to sell, Buy ≤ 79.30, Sell ≥ 80               

 

 FACTOR AFFECTING MARKET

 ·       Recession fear is roaring once again.

·       Unless and until new fed announcement come market to remain volatile. Fed next meeting is on 22^nd, September, 2022.

·       We expected short Bull Run both in Copper & Aluminium.

·       It is request to sell in next 10 days when you think, there is good margin or you are able to compensate your loss.

·       We might see dangerous effect of recession near about December.

Previous forecasting results achieved, showing in Red:

 

Commodity	48 Hours range	10 Days range
Copper	7600(06/09) – 7850	7500 – 8000
Aluminium	2260(06/09) – 2350	2250(06/09) – 2400
INR	79.70(06/09) - 79.90(06/09)	79.30 – 80.10(06/09)

Find previous research, all you need to know

https://buysellbs.blogspot.com/2022/09/06-th-september-2022-commodity-buy.html

Thank you

Rahul Mudra

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