The Profitable Commodity Tips says, There is a sharp decline in base metals due to fear of increasing trade war. Copper has reached one year low level in the London Metal Exchange. At the same time, zinc is at the lower level of 13 months. There is more pressure on the prices of metals in Shanghai. There is a pressure on the metals to propose to impose 10% duty on the US $ 200 billion of import of China.
The fall in crude oil has seen a decline since yesterday. Brent is close to $ 78 with a weakness of about 1 percent. Neamax crude is down by more than 0.5 percent. There is pressure on crude oil to some countries in the United States, with the possibility of a reduction in crude imports from Iran. The prices of gold are being seen today too. Due to strength in the dollar index, gold has weakened. Focus on agri commodities will remain as mid and north-west India is likely to have good rainfall for next few days.
Rudra Investment Profitable Commodity Tips
Gold MCX (August futures):
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Buy - 30370
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Stop-loss - 30290
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Target - 30550
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Silver MCX (September futures):
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Buy - 39480
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Stop-loss - 39270
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Target - 39800
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Crude oil MCX (July futures):
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Sell - 5060
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Stop-loss - 5100
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Target - 4980
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Copper MCX (August futures):
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Sell - 425
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Stop-loss - 430
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Target – 415
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Cumin NCDEX (August Futures):
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Buy - 18500
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Stop Loss - 18210
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Target - 18850
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Guar Seed NCDEX (August Futures):
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Sell - 4150
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Stop loss - 4290
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Target - 3900
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