Best Commodity Tips says, Crude oil has fallen sharply today after a strong 5 percent surge last week, and Brent's price has slipped 1.5 percent. Indeed, the US has claimed that Saudi Arabia has agreed to increase the supply of crude oil. Saudi Arabia has said that if needed, it will surely increase the supply of crude. At the same time recovery has come in the dollar today. In this way, pressure on crude oil prices has increased. The impact of the dollar on the dollar is also seen on gold and silver. In the global market, both are being traded on the decline.
Meanwhile, the price of aluminum in China has fallen by 0.5 percent. On the London Exchange, the metal's move is also dull. The rupee has strengthened against the dollar today and the dollar has come down to Rs 68.5.
Meanwhile, monsoon has been active in the entire country and according to the Indian Meteorological Department, in the next 24 hours, heavy rainfall is expected in many areas of the northeast. Apart from this, rain may also occur in some areas of Himachal Pradesh, Uttarakhand, Bihar, Punjab and Uttar Pradesh. However, due to very low rainfall in this season of UP and Gujarat, there is a huge shortage of about 20% in Kharif sowing.
Rudra Investment Best Commodity Tips
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Soybean NCDEX (July futures):
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Buy - 3520
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Stop-loss - 3900
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Target - 3640
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Mustard NCDEX (July Futures):
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Buy - 3940
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Stop-loss - 3460
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Target - 4080
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Natural MCX (July futures):
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Sell - 201
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Stop-loss - 207
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Target - 190
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Copper MCX (August futures):
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Buy - 449
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Stop-loss - 445
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Target - 458
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