Free Commodity Tips | The continuation of the boom in crude oil continues. Brent's price has gone up to $ 74.5. WTI Crude is also above $ 69. In fact, the world's largest crude exporter Saudi Arabia has stopped the shipment of crude oil from the Red Sea for a few days due to regional tension. On this route, about 48 lakh barrels of crude oil were supplied daily. Meanwhile, according to the report of the US Energy Department, there is a shortage of about 61 million barrels in the crude stock. At the same time, the dollar index has also fallen to two-week low levels. In such a situation, crude oil prices got all-around support.
Although gold is sluggish and it is trading near $ 1230. On the London Metal Exchange, the price of copper jumped nearly 1.5 percent. The other metal is also trading at around 1 percent. Although the rupee has strengthened against the dollar today and the price of one dollar has come to Rs 68.60.
Rudra Investment Free Commodity Tips
Copper MCX (August futures)
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Buy - 430.5
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Goals - 436
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Stop Loss – 428
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Crude Oil MCX (August Futures):
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Buy - 4750
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Target - 4815
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Stop Loss - 4715
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Soybean NCDEX (December futures):
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Sell - 3360
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Goal - 3310
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Stop loss - 3395
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Cotton Open NCDEX (December futures):
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Buy - 1680
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and Goal - 1730
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Stop loss - 1644
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