14th,October,2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7300 |
≥7600 |
7450 – 7700 |
7300 – 8000 |
|
Aluminium |
≤2200 |
≥2375 |
2250 – 2375 |
2150 – 2400 |
|
INR |
≤82.00 |
≥82.70 |
82.00 – 82.50 |
81.80 – 82.80 |
OUR VIEW
Copper –
Looks to Bullish for short run.
Better to sell, Buy ≤ 7300, Sell ≥ 7600
Aluminium – Looks to Bullish and in good position
to surge.
Better to sell, Buy ≤ 2200, Sell ≥ 2350
USD/INR – Rupee now looks to weak find hard to break 82 levels.
Better to sell, Buy ≤ 82.00, Sell ≥ 82.70
FACTOR
AFFECTING MARKET
·
News of banning Russian Aluminium boost the aluminium price but ban will
not as hard as presenting in the News.
·
However, Aluminium looks fundamentally strong.
·
Copper will also looks to rise as demand, low inventory, and positive US Doller
index but will not sustain too long.
·
US inflation {CPI} data were worst than expected, this confirm the
possibility of aggressive rate hike.
·
INR strongness now will not sustain too long, we may see levels near 83
again.
Tips: Watch US Dollar index if break level of $114 slowdown
will arrive fast while if go below $112 slowdown will be extend for few days.
Previous forecasting results achieved, showing in Red:
|
Commodity |
48 Hours
range |
10 Days
range |
|
Copper |
7350 – 7650(13/10) |
7150 – 7800 |
|
Aluminium |
2250 – 2375(13/10) |
2150 – 2400(13/10) |
|
INR |
82.00(13/10) – 82.50(13/10) |
81.80 – 83.00 |
Find previous three research, all you need to know.
https://buysellbs.blogspot.com/2022/10/how-will-get-chance-to-recover-your-loss.html
https://buysellbs.blogspot.com/2022/10/what-imf-believe-about-current-economy.html
https://buysellbs.blogspot.com/2022/10/is-panic-about-to-come-what-to-happen.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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