13th, September,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7700 |
≥7900 |
7800 – 8025 |
7600 – 8100 |
|
Aluminium |
≤2250 |
≥2350 |
2275 – 2325 |
2250 – 2400 |
|
INR |
≤79.10 |
≥79.60 |
78.90 – 79.50 |
78.80 – 80.00 |
OUR VIEW
Copper – Looks to bearish, not go too high.
Better to sell, Buy ≤ 7700,
Sell ≥ 7900
Aluminium – Looks to bullish, not
go too high as it should and fundamental suggest.
Better to hold, Buy ≤ 2250, Sell ≥ 2350
USD/INR – Looks strong but not hold for too long.
Better to buy, Buy ≤ 79.10,
Sell ≥ 79.60
FACTOR
AFFECTING MARKET
·
Copper has
not gone up as should it go, in spite of getting support from INR & bit
relax inflation assumption. That indicate big down dip and downward till end of
this week.
·
Aluminium
has not gone higher as its fundamental suggest so I hope price will go up.
·
As our
report on 9th, September 2020, We have mentioned INR will be strong
and that happen today. Check below link for reason.
https://buysellbs.blogspot.com/2022/09/copper-aluminium-usdinr-market-report_9.html
·
India may
buy oil from Russia, which may reduce India’s fiscal deficit. Which may lead
strongness in Rupee further, but it will be weak in long run.
Previous
forecasting results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7750 – 7850(12/09) |
7600 – 8000(12/09) |
|
Aluminium |
2250(12/09) – 2325(12/09) |
2250(12/09) –
2350(12/09) |
|
INR |
79.60(12/09)- 79.80(12/09) |
79.30(12/09) –
80.10 |
Find previous research, all you need to know.
https://buysellbs.blogspot.com/2022/09/what-to-happen-today-in-copper.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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