The Strategy In The Today Market With Commodity Tips

Commodity Tips | Brent's price has crossed $ 75. The trade war between the US and China could not be resolved, and the US has now indicated a ban on Iran's crude. Hopefully, this will take action in this direction in the US by November this year. In such a situation, crude oil prices have started to grow again. NYMEX crude is also above $ 68.

At the same time, after the fall of tomorrow, the gold is trying to recover. But the prices are still below $ 1190. Today, the meeting of the meeting is held in the market. There is also the possibility of interest rates going up the next month. In this case, the holdings of SPDR Gold are continuously falling and this has come down to the 2.5-year-old level. Even today in silver, there is a recovery of around 0.25 percent. But the business is getting very small.

Look at the base metal, then the copper on the London Metal Exchange is weak. However, there is an increase of about 0.5 percent during this week. But this month its price has fallen nearly 5 percent. Due to the actual trade war, demand for the metal is expected to come down. Today, weakness in rupee has increased due to the dollar. One dollar is worth 70 rupees.

Get Huge Profit With Rudra Investment Commodity Tips

Soybean NCDEX:	Sell - 3310, Target - 3250, Stop loss - 3350
Cotton MCX:	Sell - 23,300, Target - 23,100, Stop loss - 23,430
Crude oil MCX:	Buy - 4750, Target - 4820/4840, Stop loss - 4720
Gold MCX:	Sell - 29675, Target - 29550/29500, Stop loss - 29775