07th,
October,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7300 |
≥7600 |
7450 – 7700 |
7200 – 7800 |
|
Aluminium |
≤2150 |
≥2350 |
2200 – 2275 |
2150 – 2350 |
|
INR |
≤81.50 |
≥82.25 |
81.80 – 82.40 |
81.50 – 82.50 |
OUR
VIEW
Copper
– Looks to Bearish but once will give chance to recover mail.
Better to sell, Buy ≤ 7300, Sell ≥ 7600
Aluminium
– Looks to Bullish.
Better to sell, Buy ≤ 2150, Sell ≥ 2350
USD/INR – INR will get some strongness.
Better
to sell, Buy ≤ 81.50, Sell ≥ 82.25
FACTOR AFFECTING MARKET
·
Overall trend
is downward, However will find some chance to recover due to following factors:-
i)
China easing
covid policy
ii)
Some strongness
to come in INR
iii)
Crude oil price
may go down again
·
Market will be
guided by ‘US job data’, although no positivity looks.
·
Tightening monetary
policy is threat for Indian Rupee, threat also supported by higher USD Index.
·
This is ‘Better
to sell’ market and wait for fresh buying.
Previous forecasting
results achieved, showing in Red:
|
Commodity |
48 Hours
range |
10 Days
range |
|
Copper |
7550(06/10) – 7850(06/10) |
7300 – 8000 |
|
Aluminium |
2275 – 2400(06/10) |
2150 – 2450 |
|
INR |
81.40(06/10) – 81.80(07/10) |
81.30 – 82.00(06/10) |
Find previous three research, all you need to know.
https://buysellbs.blogspot.com/2022/10/what-will-be-effect-of-banning-of.html
https://buysellbs.blogspot.com/2022/10/in-spite-of-all-good-indicators-why.html
https://buysellbs.blogspot.com/2022/10/how-will-be-your-this-business-week.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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