The Strategy In Today Market With Commodity Tips | 20 Aug

According to the Commodity Tips expert Crude oil continues to remain under pressure after heavy losses last week. Brent's price is constant below $ 72. In fact, Turkey's crisis and the demand for crude from the trade war in the US and China are expected to come down. In such a situation, prices are all-round. Meanwhile, gold has climbed about $ 25 from the low level of 1.5 years and is trading at the level of $ 1185 at the commex. Last week it had slipped to $ 1160. Today there is pressure from the upper level in silver and it is about one-fourth percent below.

On the other hand, in the US and China, metal is supported by the hope of trade talk, and copper prices have increased by 0.5% on the London Metal Exchange and Shanghai Exchange. Last week it was rolled down to 1 year's low level. There is a great recovery in rupee against the dollar today and the price of 1 dollar has come down to Rs 69.90.

Rudra Investment Commodity Tips

 

MCX Aluminum (August futures):	Buy - 142.65, Target - 951.10, Stop loss - 140.40
MCX Nickel (August futures):	Buy - 931.90, Target - 144.55, Stop loss - 912.70
NCDEX Refined Soya Oil (September futures):	Buy - 734, Target - 742, Stop loss - 728
NCDEX Soybean (September futures):	Buy - 3340, Target - 3440, Stop loss - 3300