Free Commodity Tips | Crude oil improvement is being seen in the US today with the estimate of reserves decreasing. Brent Crude is trading above $ 75 with an increase of 0.25 percent. The Nymex also has a gain of about 0.25. According to the data of the American Petroleum Institute, crude reserves in the US increased by about three million barrels.
On the other hand, after the fall in gold yesterday, the pressure is still going on. The prices on the Comex are close to $ 12.174. The effect of trade war is still visible on the base metals. Copper in Shanghai has dropped about 1 percent. The rest of the metals also have weaknesses of 0.5 to 0.75 percent. However, today the rupee will have a huge impact on the domestic commodities market because after reaching the lowest level of about one month, the rupee is getting better.
Rudra Investment Free Commodity Tips
MCX Cotton (December futures): Buy - 22400, Stop Loss - 21200 and Target - 24800
Cotton NCDEX: Buy - 1155, Stop Loss - 1122 and Target - 1215
MCX Crude Oil (July Futures): Buy - 4380, Stop Loss - 4350 and Target - 4450
MCX Gold (August futures): Sell - 31000, Stop Loss - 31100 and Target - 30800
MCX Silver (July futures): Sell - 39900, Stop loss - 40100 and Target - 39500
MCX Zinc (June futures): Sell - 208, Stop Loss - 209.20 and target - 206
ReplyDeleteOil prices edge up on report of lower U.S. crude inventories stock market tips