The Best Commodity Tips Provider says that the Gold prices have climbed almost 0.5 percent in the global market due to softening of the dollar. There is a turnover of about 1 percent in silver. However, the sale of global gold ETF is dominated by this and in the previous month, it has seen a decrease of about 39 tonnes. Crude oil has risen in the meantime and Brent has risen about 1.5% to $ 74. While Nymex crude is trading very close to $ 70.
The impact of the weak dollar is also on the base metal and all the metals on the London Metal Exchange are trading with a small margin. At the same time, there has been strong strength in the rupee today. The biggest gain for the last one-and-a-half month is seen in comparison to the dollar. Dollar fall has given support to the rupee and the price of one dollar has come down to 68.60.
Rudra Investment Best Commodity Tips
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NCDEX mustard (September futures):
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Sell – 4120
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Target - 4070
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Stop loss – 4160
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NCDEX cumin (September futures):
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Sell - 20100
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Target - 19850
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Stop loss – 20220
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NCDEX Casterseed (September futures):
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Buy- 4660
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Target – 4750
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Stop loss – 4620
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MCX Crude Palm Oil (August Futures):
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Buy - 591
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Target - 597
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Stop loss – 587.50
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MCX Crude Oil
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Buy - 4720
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Target - 4800
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Stop loss – 4680
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MCX Silver:
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Buy - 37500
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Target - 39000
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Stop loss – 37000
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