Commodity Tips Expert | The Strategy In The Market Today 13 June

Commodity Tips Expert says, Before the US Federal Reserve's decision, weakness is seen in the base metals today. It is believed that the Federal Reserve could increase rates by 0.25 percent. Sales in metals are likely to increase in rates in the US. Aluminum and zinc have fallen more than 1 percent in Shanghai. There is a weakness of 0.75 percent in Copper. Most base metals in Shanghai are looking weak.

Talking about gold, it is trading in a very limited range. Gold at the commex is close to $ 1,295. Despite the strong dollar, gold is getting sluggish. Gold is sluggish before the US Federal Reserve's decision. However, due to weakness in base metals, there is a decline in silver.

Crude oil is trading in decline today. Nymex crude has dropped more than 0.5 percent, while Brent has a weakness of 0.25 percent. There is pressure on crude oil in the US to increase stores and OPEC supply is likely. Let us know that on June 22 there is a meeting of OPEC countries in Vienna. There is a weakness in the rupee against the dollar, which will have an impact on all commodities.

Rudra Investment Commodity Tips Expert

MCX Crude Oil (June Futures): Sell - 4450, Target - 4375, Stop-Loss - 4500

MCX Copper (April Futures):    Sell - 482,   Target - 478, Stop-Loss - 486

NCDEX mustard (July futures): Sell - 3970, Target - 3880, Stop-Loss - 3990

NCDEX Soya Oil: Sell - 745, Target - 735, Stop-Loss - 748