According to the Best Commodity Tips, The trick of the commodity market is extremely sluggish today after showing heavy showers last week. Crude oil is showing pressure from the upper level in the global market. Indeed, the International Monetary Fund has warned that the impact of trade war may be on the global economic growth. In such a situation, the prices of crude oil are showing pressure from the upper level. Brent is trading below $ 73. While NYMEX crude is near $ 68.
Although gold is trying to handle from the lower level. After touching a low level of $ 1211 last week, gold has recovered and it is currently trading above $ 1230. Silver is also strong. But the expressions are in very small scope.
Meanwhile, the copper on the London Metal Exchange has also seen strong strength. Last week it was closed with the fall. Soybean cultivation has improved in Madhya Pradesh due to good rains and till July 20 soybean cultivation has been done till 94 lakh hectares in the country, which is about 10 percent more than last year. There is a slight recovery in the rupee against the dollar today. The dollar is worth 68.70 rupees.
Rudra Investment Best Commodity Tips
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MCX Copper (August futures):
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Buy - 417
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Target - 428
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Stop-loss - 412
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MCX Silver (September futures):
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Buy - 37600
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Target - 38500
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Stop-loss - 37100
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MCX Cotton:
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Buy - 23500
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Target - 24400
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Stop-loss - 23000
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NCDEX Mustard (August futures):
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Buy - 4180
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Target - 4260
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Stop-loss - 4140
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SGX Nifty indicate an absolutely flat start to the market on Monday morning.
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