According To Rudra Investment Best Commodity Tips Provider, After the sharp fall of yesterday, light recovery in crude oil is being seen today. However, with the possibility of US production and OPEC supply increases, prices have been slightly stagnant. Brent is at $ 75 a bar, while NYMEX Crude is trading above $ 65. Due to the strengthening of the dollar, gold is trading in small amounts in gold. The dollar has reached the top of the 2-week high due to good US employment data. Gold prices at the commex are close to $ 1290. However, silver is trading with an increase in silver.
Most of the bases are seen in the base. Copper is 0.25 percent higher in Shanghai, while aluminum and zinc are also getting better. However, weakness is seen in Nickel. Due to the rise in the dollar index, the pressure on rupee is still being seen. The rupee has reached the level of 67.15 against the dollar.
In view of the monsoon, the agri commodities will remain in focus even today, skymap has predicted rainfall in many parts of Maharashtra, which will boost sowing of soybean and cotton crops.
Rudra Investment Best Commodity Tips
MCX Natural Gas: Sell - 198, Target - 190, Stop-Loss - 201
MCX Silver: Buy - 39550, Target - 40100, Stop-Loss - 39300
NCDEX Cotton Khali (June futures): Sell - 1400, Target - 1300, Stop-Loss - 1420
NCDEX Castor Seed (June futures): Buy - 3875, Target - 4100, Stop-Loss - 3825
MCX Cotton (June futures): Sell - 22400, Target - 22100, Stop-Loss - 22500
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