According to the Rudra Investment Profitable Commodity Tips Provider, The Copper in this month is also under pressure after the biggest month-end fall of 2 months last month. It is 0.5 percent below the London Metal Exchange. In July, around 5% of the global market and 8% of the domestic market has been dipped. Actually, the US is going to increase the import from China, and the news is that today it can be decided.
Meanwhile, the price of crude oil has slipped to a one-week low because of increasing reserves in the US. Crude oil is still under constant pressure after a sharp fall of nearly 2 percent yesterday. Brent's price is below $ 74. Today is the second day of the Federal Reserve meeting and today the eye of the market remains restored on the outcome of the meeting.
In such a situation, a Gold glow is too faint and it is doing business around tomorrow's level of $ 1220. Whereas silver has declined by about 0.5 percent. There is a weakness in the rupee against the dollar and a dollar is worth 68.5 rupees.
Rudra Investment Profitable Commodity Tips
NCDEX
mustard (August futures):
|
Sell –
4180
|
Target
- 4130
|
Stop-loss
- 4220
|
NCDEX
wheat (August futures):
|
Buy - 1960
|
Target -2000
|
Stop-loss - 1925
|
MCX
Copper (August futures):
|
Sell –433
|
Target -425
|
Stop-loss - 435
|
MCX
Silver (September futures):
|
Buy – 38000
|
Target -
39200
|
Stop-loss -
37700
|
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