Profitable Commodity Tips| Where To Trade In Market Today

Profitable Commodity Tips | Crude oil is showing softness in the global market. Brent Crude is trading at $ 78.7 a barrel. The price of WTI crude at NYMX has come close to $ 70.5.

However, there is an atmosphere of bullishness in gold. Gold prices at Commodity reached a level at $ 1,307.8 per ounce. At the same time, silver is trading at $ 16.7 an ounce.

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There is constant pressure on crude oil prices. Brent is 2.5 percent below the 3.5-year high and is doing business around $ 78.5. In fact, before the OPEC meeting to be held in June, Russia also has indicated to increase the supply of crude. Before that OPEC's supply is likely to increase. The supply of Iran and Venezuela is believed to be decreasing that in June's meeting, there may be a decision to increase supply to compensate these two countries. NYMEX crude has also come down to $ 71.

Meanwhile, there is a slight pressure in gold after the rise of tomorrow, but the price is still above $ 1300. In fact, due to the cancellation of the meeting of Trump and Kim yesterday, the price of gold suddenly increased. At the same time, there has been a slight increase in the metal on the London Metal Exchange. Its price has increased by about 0.25 percent. While nickel in China has jumped nearly 3 percent. On the London Metal Exchange this week, the lane is very dull today after a bounce of around 7 percent. The rupee has strengthened against the dollar today. The dollar price is near Rs 68.20.

Rudra Investment Profitable Commodity Tips MCX Zinc: Buy - 206.80, Target - 205.50, Stop-loss - 209

MCX Silver: Buy - 40700, Target - 41350, Stop-loss – 40400

Gold MCX (June futures): Target - 31350, Stop-loss - 31200 and Target - 31600

Crude oil MCX (June futures): Target - 4900, Stop-loss - 4960 and target - 4800

MCX Crude Oil: Sell - 4885, Target - 4820, Stop-loss - 4935