Which way market is going? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

18^th, October, 2022                                                                             

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7300	≥7600	7425 – 7650	7300 –  7800
Aluminium	≤2175	≥2300	2200 – 2275	2150 – 2325
INR	≤82.10	≥82.60	81.90 – 82.40	81.70  – 82.80

 

 

 

 

OUR VIEW

Copper        – Looks to Range bound.

                        Better to sell, Buy ≤ 7300, Sell ≥ 7600

Aluminium – Looks to Bullish.

                        Better to sell, Buy ≤ 2175, Sell ≥ 2300

 USD/INR   – INR looks to strong but not sustain too long.

                        Better to buy, Buy ≤ 82.10, Sell ≥ 82.60          

 FACTOR AFFECTING MARKET

·        Dollar Index is keeping hopes alive of the Copper and Aluminium as showing range below $112.

·        Copper  looks to work in limited Range no major movements are expected. Trend is downward but once give chance towards UP trend.

·        Aluminium is demanded and strong. Although, LME Aluminium inventory Rise which allow to play Aluminium in the range bound for couple of day.

·        INR is getting support by fall in Dollar index and down crude oil prices but strongness in INR will not sustain too long.

 Previous forecasting results achieved, showing in Red:

 

Commodity	48 Hours range	10 Days range
Copper	7350 – 7650(17/10)	7200 – 7800
Aluminium	2240(17/10) – 2395	2175 – 2450
INR	82.30(17/10)  – 82.60	82.00(17/10)  – 82.80

 

 

 

 Find previous three research, all you need to know.

https://buysellbs.blogspot.com/2022/10/how-will-market-behave-this-week-what.html

https://buysellbs.blogspot.com/2022/10/how-us-cpi-data-change-mood-of-fed-what_14.html

https://buysellbs.blogspot.com/2022/10/how-will-get-chance-to-recover-your-loss.html

 

Thank you

Rahul Mudra

Disclaimer: This article is for Study and research purpose. Request you to use your wisdom before applying it.