What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

12^th, September, 2022                                                                             

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7650	≥7800	7750 – 7850	7600-8000
Aluminium	≤2250	≥2350	2250 – 2325	2250-2350
INR	≤79.30	≥80	79.60-79.80	79.30-80.10

 

 

 

 

OUR VIEW

Commodity: - Copper – Looks to Bearish (downward).

                           Better to sell, Buy ≤ 7650, Sell ≥ 7800

                        Aluminium – Looks to Bullish (upward).

                           Better to buy, Buy ≤ 2250, Sell ≥ 2350

 USD/INR    : - Looks to strong against USD.

                           Better to sell, Buy ≤ 79.30, Sell ≥ 80               

 FACTOR AFFECTING MARKET                 

·        Both commodity and derivative markets to remain in range bound due to China’s holiday of ‘Mid-Autumn Festival’ and wait for us inflation data.

·        Fed’s move will be decided by inflations and CPI data coming in this week.

·        Copper to remain down as ‘Escondida mine’ conflict resolved for a while.

·        Aluminium to gain as ease of covid threat in china, which raise Industrial demand.

·        INR will be weak for couple of days but will be strong after that.

 Previous forecasting results achieved, showing in Red:

 

Commodity	48 Hours range	10 Days range
Copper	7700 – 8000(09/09)	7500 – 8000(09/09)
Aluminium	2250(09/09) – 2350(09/09)	2250(09/09) – 2375(09/09)
INR	79.50(09/09)- 79.90	79.30 – 80.10

 

 

 

 Find previous research, all you need to know.

https://buysellbs.blogspot.com/2022/09/copper-aluminium-usdinr-market-report_9.html

Thank you

Rahul Mudra

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