Profitable Commodity Tips | The fall in gold has deepened and the price of the global market has slipped below $ 1240. Which is very close to the lower level of the last 11 months. In fact, the dollar has accelerated and this is the reason why gold is becoming shaky. In the last 3 months, there has been a decline of around 10 percent. There is also pressure in silver and it is below $ 16, which is the lower level of the last 6 months. Meanwhile, the price of platinum in the global market is at the bottom of last 10 years.
Copper prices on the London Metal Exchange have come down to the lowest level in the last 7 months. In last one month, it has lost about 10% of its price. The trade war between the US and China and the lack of demand has led to a decline in metal. During this time, all the metals on the London Metal Exchange are weak. However, the crude oil market continues to grow and Brent is up nearly 1%. While trading in NYMEX crude is trading at around $ 75 Today the weakness in the rupee has increased against the dollar and the price of one dollar is near 68.90 rupees.
Rudra Investment Profitable Commodity Tips
Mentha Oil MCX (July Futures):
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Buy - 1265
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Stop-Loss - 1240
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Target - 1310
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Guarseed NCDEX (July futures
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Sell - 3940
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Stop-Loss - 3970
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Target - 3870
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Coriander NCDEX (July Futures):
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Sell - 4800
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Stop-Loss - 4840
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Target - 4700
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Silver MCX (September futures):
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Sell - 39680
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Stop-Loss - 39930
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Target - 39100
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Copper MCX (August futures):
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Sell - 452
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Stop-Loss- 455.5
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Target – 444
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