According to Rudra Investment Best Commodity Tips Says, After yesterday's weakness, there is an increase in crude oil today. Crude oil has improved due to the decline in reserves in the US. According to the API, crude oil reserves in the US decreased by 20 million barrels, while the market was expected to fall by 18 million barrels. Due to weakness in the dollar today, gold is also getting increased. Even after commodities crossed over 1300, gold is still trading below this level. Trading is also going on in silver.
BASA METALS is trading at a fast pace. Copper in Shanghai is up 1.5%, while Nickel is up 1.75%. Due to a shortage of supply and stock in warehousing has decreased, the metal has gained momentum. The world's biggest copper mine is reported to be interrupted by supply. Agri commodities will also be monitored as monsoon speeds continue.
Rudra Investment Best Commodity Tips
MCX Crude Oil (June Futures): Buy - 4375, Target - 4450, Stop-loss – 4350
MCX Gold (August futures): Buy - 31000, Target - 31175/31220, Stop-loss - 30950
NCDEX mustard (July futures): Buy - 4020, Target - 4070, Stop-loss - 3989
NCDEX Chana (July futures): Sell - 3570, Target- 3470, Stop-loss – 3622
NCDEX Soybean (July futures): Buy - 3500, Target - 3580, Stop-loss - 3460
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