Best Commodity Tips | Rupee has slipped to the lowest level against the dollar. Dollar price has reached 70.70. The rupee has dropped about 10 percent this year. Indeed, the increase in crude oil has put pressure on the rupee. Crude oil has risen sharply by falling stores in the US and Brent has crossed $ 77 a barrel. Also, NYMEX crude is trading near $ 70. In fact, the crude stock in the US has dropped 2.6 million barrels. The US is preparing to ban Iran on crude.
On the other hand, there is a pressure from the upper level in gold in the global market, which is trading near $ 1205. Silver is also weak. The market's eye remains intact on interest rates in the US next month. Meanwhile, aluminum has slipped from the upper level of 2 months after some countries have received imports of import duty. Aluminum is weak for the first time on the London Metal Exchange today after the last 6 days of continuous growth. With this, the pressure is also seen in copper.
Rudra investment Best Commodity Tips
Cumin NCDEX (September futures):
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Buy - 19300, Stop Loss - 18950, Target - 19800
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Mustard NCDEX (September futures):
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Sell - 3960, Stop loss - 4020, Target – 3870
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