Commodity Tips | Gold prices continued to remain firm after the recent rally. It is worth $ 1200 in the global market. In the past one week gold has jumped up to $ 20. However there is pressure from the upper level in silver. Meanwhile, global gold ETF is dominated by selling and the holding of SPDR Gold has dropped to 765 tonnes. The next month, the interest rates in the US are also expected to increase. In such a case, the gold is in a very small area.
Brent crude is under pressure after going above $ 75. Indeed, in the US, crude oil prices have been strong in the last week due to fear of declining production and softening of the dollar. Meanwhile, the price of Zinc has jumped 2.5 percent in China. In fact, there was a strong uptick in the London Metal Exchange last week after the stock fell. The reserves of zinc in the Shanghai Exchange's warehouses have dropped 12 percent in the last 12 years. Aluminum in China is also trading on the edge. There is a great recovery in rupee against the dollar today and the price of one dollar is near Rs 69.70.
Get Rudra Investment Commodity Tips With The Best Strategy
|
Gold Mini MCX (October Futures):
|
Buy - 30058, Stop Loss - 29866 and Target – 30249
|
|
Copper MCX (August futures):
|
Buy - 420.1, Stop Loss - 415.3 and Target - 424.9
|
|
Mustard NCDEX:
|
Sell - 4100, Stop loss - 4150 and Target - 4040
|
|
Soybean NCDEX:
|
Sell - 3280, Stop Loss - 3350 and Target - 3180
|
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.