BUYSELLBS: Is panic about to come? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

Tuesday, October 11, 2022

Is panic about to come? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

11^th, October, 2022

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7300	≥7600	7350 – 7650	7200 – 8000
Aluminium	≤2150	≥2250	2200 – 2250	2125 – 2400
INR	≤82	≥82.60	81.05 – 82.60	81.70 – 82.80

OUR VIEW

Copper – Looks to Bullish but will not sustain too long.

Better to sell, Buy ≤ 7300, Sell ≥ 7600

Aluminium – Looks to play range bound but Bullish.

Better to sell, Buy ≤ 2150, Sell ≥ 2250

USD/INR – Looks to strong for couple of day but not sustain too long.

Better to sell, Buy ≤ 82, Sell ≥ 82.60

FACTOR AFFECTING MARKET

· There are chances of short rally in Copper and Aluminium.

i) Peru’s Copper production reduced

ii) Sign of strengthens of INR

iii) Semi-conductor demand rise

iv) Brighter chance on banning Russian metal

· Aluminium is always in demand and if semi-conductor supply increase, we will see some boost in Aluminium, as many automobile companies restricted their production due to semiconductor chip.

· Sorry, but we will see effect of deep Recession trailer very soon near in coming November till that cover you losses on every hike will not get such chance again.

· INR may get some strength but overall it looks very weak.

Previous forecasting results achieved, showing in Red:

Commodity	48 Hours range	10 Days range
Copper	7350 – 7600(10/10)	7200 – 7700
Aluminium	2200 – 2250(10/10)	2125 – 2300(10/10)
INR	82.00 – 82.60(10/10)	81.30 – 83