According to Commodity Tips Expert, Compared to the dollar, there is a great recovery in the rupee today and the dollar has come near 68.5 rupees. The rupee record yesterday fell to the lowest level. Meanwhile, the pressure of crude oil is showing an upward trend of 3.5 years. Despite this, however, Brent is still above $ 77. At NYMEX crude trading is trading above $ 73. Indeed, the US is firmly expected to reduce supplies in the global market in Iran.
Today, Gold is also looking at the level of 7 months in the global market. While the price of silver has gone up by almost 1 percent to $ 16. In today's trade, silver slipped below $ 16. Gold and silver are supported by pressure from the upper level in the dollar.
Talking about base metals, the metal is dull at the London Metal Exchange. Although zinc has seen some support from the estimated production decrease in China. Meanwhile, the situation of the rain has improved considerably in the country. Now it is just below 6% below normal. In Haryana yesterday, 7 times more normal than normal and more than four times more than normal rainfall was recorded in Punjab. According to the Rudra Investment, in the next 24 hours, there may be rains in Maharashtra, Gujarat, and Karnataka besides these areas.
Rudra Investment Commodity Tips Expert
Gold MCX (August futures):
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Buy - 30400
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Stop loss - 30280
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Target - 30650
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Silver MCX (July futures):
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Buy - 39000
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Stop loss - 38700
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Target - 39400
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Copper MCX (July futures):
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Buy - 451
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Stop loss - 447
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Target - 458
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Crude oil MCX (July futures):
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Buy - 5020
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Stop loss - 4950
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Target - 5150
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NCDEX TIPS
Soybean NCDEX (July futures):
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Buy - 3490
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stoploss - 3460
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target - 3570
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Cumin NCDEX (July Futures):
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Buy - 17900,
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Stop Loss - 17700
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Target - 18400
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Guar gum NCDEX (July futures):
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Buy - 7850
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stoploss - 7700
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target - 8100
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Chana NCDEX (July futures):
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Sell - 3490,
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stoploss - 3430
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target – 3400
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