Best Commodity Tips | The Strategy In Market Today 11 June

Best Commodity Tips Provider says Crude oil is trading in a small area today. Brent is close to $ 76. There is pressure on crude oil to increase Russia's supply and increase production in the US. America's production has reached 1.8 million barrels. Today, gold is trading with rising today. Gold at the commex is close to $ 1300. There is a weakness in the dollar before the US Federal Reserve meeting and the US-North Korea Summit, whose impact is seen on gold. There is more action in silver than gold. With the possibility of increasing demand, silver prices have increased by more than 0.5 percent on the commerce. There is a mixed trend today in the base metals. Aluminum and nickel are weak in Shanghai but copper and zinc are getting stronger. Today, rupees are getting better in comparison to the dollar. The price of 1 dollar is close to Rs 67.45.

At present, crude oil on MCX is trading 0.6 percent down to 4,420 rupees. Natural gas has jumped up to 1.25 percent and reached 198 rupees. At the same time, gold on MCX fell 0.2 percent to Rs 31,160. However, silver has risen more than 0.5 percent to Rs 40,670.

Pressure is seen in base metals. Copper on MCX has come down by 0.5 percent to Rs 489. Nickel is also trading 0.5 percent down to below Rs 1,040. Aluminum is showing a weakness of 0.2 percent. Zinc has slipped 0.5 percent to Rs 216.5, while the lead is trading at Rs 167 with an increase of 0.25 percent.

In Agri Commodity, the move to castor seed on NCDEX is sluggish and its price is near Rs 3,980. At the same time, the mustard stock is trading at Rs. 4,015 with a decline of 0.5%.

Rudra Investment Best Commodity Tips

Copper MCX (June futures): Sell - 491,Stop-loss - 497 and Target - 478

Natural Gas MCX (June Futures): Sell - 200, Stop-Loss - 205 and Target - 192

Castor Seed NCDEX (July Futures): Sell - 4000, Stop-Loss - 4041 and Target - 3940

Mustard NCDEX (July Futures): Sell - 4060, Stop-loss - 4110 and Target - 3990