03th,
October,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7250 |
≥7550 |
7250 – 7400 |
7100 – 7600 |
|
Aluminium |
≤2125 |
≥2250 |
2125 – 2175 |
2050 – 2200 |
|
INR |
≤81.50 |
≥82.00 |
81.60 – 81.95 |
81.00 – 82.10 |
OUR
VIEW
Copper
– Looks to Bearish.
Better to sell, Buy ≤ 7250, Sell ≥ 7550
Aluminium
– Looks to Bearish.
Better to sell, Buy ≤ 2125, Sell ≥ 2250
USD/INR – INR looks weak and may cross 82 level.
Better
to buy, Buy ≤ 81.50, Sell ≥ 82.00
FACTOR AFFECTING MARKET
·
Copper and Aluminium may get some momentum due to low
inventory and short supply but will not last too long.
·
This week is looks strongly downward in Copper,
Aluminium and Indian Rupee.
·
Worldwide manufacturing output of commodities
decreases which clearly indicate Recession fear.
·
Indian Rupee remains weak due to higher crude price as
“OPEC” to reduce crude oil production.
·
Another reason is dollar index has also kept heavy
pressure on Indian Rupee.
·
Clear your exposure on every high and do not go for
fresh buying this week.
Previous forecasting results
achieved, showing in Red:
|
Commodity |
48 Hours
range |
10 Days
range |
|
Copper |
7300 – 7550(30/09) |
7150 – 7700 |
|
Aluminium |
2125(30/09) – 2200(30/09) |
2050 – 2250(30/09) |
|
INR |
81.40(30/09) – 81.90(03/10) |
81.00 – 82.25 |
Find previous three research, all you need to know.
https://buysellbs.blogspot.com/2022/09/is-market-about-to-face-any-shocker.html
https://buysellbs.blogspot.com/2022/09/any-positive-news-for-todays-trade-what.html
https://buysellbs.blogspot.com/2022/09/market-is-tumbling-day-by-day-what-any.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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