Best Commodity Tips | Crude oil has declined due to increase in reserves and production in the US and the price of Brent is at the lower level of the last 4 months. Crude oil has come down by 3 percent this week. There is a possibility of a reduction in crude oil demand due to fear of a trade war. In such a situation, prices of crude are being hit.
On the other hand, gold is showing recovery from the lower level of the last 19 months in the global market. Although this week it has fallen nearly 3%, the biggest weekly fall in the last 15 months. The slowdown is also in the base metal and the price of copper is at the lower level of the last one year. There has been a decline of about 4.5 percent this week. However, there is a weakness in the rupee against the dollar and the dollar's price has remained consistently above 70 rupees. Let's look at the levels at which commodity market starts today.
Rudra Investment Best Commodity Tips
Mentha Oil MCX (August Futures):
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Buy - 1660, Target - 1720, Stop loss - 1620
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Castor Seed NCDEX (September futures):
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Buy - 4650, Target - 4740, Stop loss - 4600
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Mentha Oil MCX:
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Sell - 29400, Target - 29100, Stop loss - 29480
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Crude oil MCX
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Sell - 4610, Target - 4520, Stop loss - 4650
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