13th,
October,
2022
|
Commodity |
Buy level (LME) Near |
Sell level (LME) Near |
48 Hours range |
10 Days range |
|
Copper |
≤7300 |
≥7600 |
7350 – 7650 |
7150 – 7800 |
|
Aluminium |
≤2200 |
≥2375 |
2250 – 2375 |
2150 – 2400 |
|
INR |
≤82.00 |
≥82.60 |
82.00 – 82.50 |
81.80 – 83 |
OUR
VIEW
Copper
– Looks to Bullish.
Better to sell, Buy ≤ 7300, Sell ≥ 7600
Aluminium
– Looks to Bullish.
Better to sell, Buy ≤ 2200, Sell ≥ 2375
USD/INR – INR looks to strong.
Better
to sell, Buy ≤ 81.80, Sell ≥ 82.90
FACTOR AFFECTING MARKET
· Aluminium price gain because of USA’s consideration on banning
Russian Aluminium.
· Copper has a chance to gain as demand rise. Low inventory
and stable US Doller Index.
· Rupee’s short appreciation too will help commodities.
· China’s move will also surprise the world.
· Rupee will get some gain as USA CPI data to come, Likely
RBI Intervention and low crude oil price.
· Copper market may touch $ 8000 LME level and $ 2400 in
aluminium next week but will not sustains too long.
Previous forecasting
results achieved, showing in Red:
|
Commodity |
48 Hours range |
10 Days range |
|
Copper |
7400 – 7650(12/10) |
7200 – 7700 |
|
Aluminium |
2175 – 2250(12/10) |
2150 – 2350(12/10) |
|
INR |
82.00 – 82.50 |
81.80 – 82.80 |
Find previous three
research, all you need to know.
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
https://buysellbs.blogspot.com/2022/10/market-has-some-positive-insight-today.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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