On the other hand, crude oil has come down due to the hope of meeting OPEC with Iran in boosting the supply. Brent's price is below $ 75. Tomorrow, there is an important OPEC meeting in Vienna, where a decision may be taken to increase the supply of crude. On the London Metal Exchange, Copper has been at the bottom of the 3-week low level, hoping to be cheaper in China. It is trading at around 0.5 percent.
However, this season so far has received 7 percent less rainfall than usual, in which worry is more about North West India. There is a weakness in the rupee against the dollar and the price of one dollar has reached 68 paise to 20 paise.
Rudra Investment Best Commodity Tips
Chana NCDEX (July futures): Buy - 3450, stop loss - 3420 and target - 3500
Cotton NCDEX (April futures): Buy - 1155, stop loss - 1140 and Target - 1180
Gold MCX (August futures): Sell - 30800, stop loss - 30930 and Target - 30550
Copper MCX (June futures): Sell - 458, stop loss - 462.25 and Target - 455
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