Free Commodity Tips | After yesterday's fall, there is a slight recovery from the lower level in gold. Though the prices are around the 17-month low level. In fact, the dollar was strengthened yesterday and due to this, the gold remained consistently below $ 1210. At the same time, silver is trading at around 0.5 percent above the level.
Meanwhile, American economic restrictions have been implemented shortly before Iran. America is appealing to other countries to make the distance. In such a situation, there is strong strength in crude oil. Although the business is getting a very small scope. Brent is above $ 74 and NYMEX crude is trading above $ 69.
Talking of base metals, Copper is also showing light recovery on the London Metal Exchange. Indeed, Copper has got support from the trader in hopes of not having much impact on copper demand in China. But the weakness in rupee has increased due to the dollar. The price of one dollar has gone up 68.80 paise.
Rudra Investment Free Commodity Tips
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NCDEX Soybean (October futures):
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Buy - 3407
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Target -3503
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Stop loss - 3349
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MCX Cotton (October futures):
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Buy - 24010
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Target - 24790
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Stop loss - 23590
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MCX Copper:
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Buy - 415
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Target - 420
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Stop loss - 412
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MCX Silver:
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Buy - 37850
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Target -38350
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Stop loss - 37730
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