The Commodity Tips Expert says there is fall in the dollar has put life in gold and silver. After a heavy fall last week, gold is continuously trading with rising for the second consecutive day. Its price has reached $ 1195 in the global market. It has risen about 35 dollars in 3 days. There is still a strong 0.5 percent gain in silver today. Meanwhile, the US has indicated to ban Iran's oil sector from November. Since then crude oil prices have been supported and Brent has again crossed the $ 72 level. However, in the global market, crude oil prices have come down to the lowest level in the last 11 months. In such a situation, the speed in crude is very limited.
But the price of the metal has increased on the London Metal Exchange by the weak dollar and in particular, the copper, which has gone up to $ 6,000 with the strength of about 0.5 percent. In China, aluminum prices have jumped nearly 1.5 percent. Whereas, the price of steel is at the upper level of the last 7 years. Dollar fall has given support to rupee today and the price of 1 dollar has come down to Rs 69.60.
Rudra Investment Commodity Tips Expert Advices
Cotton MCX (August futures):
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Buy - 23400, Target - 23700, Stop loss-23200
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Turmeric NCDEX (September futures):
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Buy - 7050, Target - 7200, Stop loss-6980
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Natural Gas MCX:
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Sell - 206, Goal - 200, Stop Loss - 209
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Crude oil MCX:
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Buy - 4540, Target - 4605, Stoploss-4524
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