Profitable Commodity Tips Expert Said Storm movement in crude oil continues and its price has gone upwards to the last four years. Brent is trading higher than $ 81. NYMEX crude is crossing $ 72. In fact, OPEC and Russia have refused to boost the supply of crude. While the US is preparing to ban Iran's crude oil from November. Meanwhile, Rudra investment expert has spoken the possibility of going to the price of crude oil up to $ 90. Bank of America Merrill Lynch has also raised the average price of crude for the next year to $ 80 and said that further limitations on Iran's crude oil could cause prices to flare up.
Meanwhile, the rupee has slumped penetratingly in crude oil. The fall has improved in association to the dollar. The dollar price has reached near Rs. 73. On the London Metal Exchange, the price of copper has dropped by 2 percent due to enlarged tensions between China and the US. On Monday, both countries have imposed a new duty on each other's imports.
Rudra Investment Profitable Commodity Tips Expert Advice
Cumin NCDEX (October Futures): Sell - 19300/19400, Stop Loss - 19600, Target - 18600/18500
Chana NCDEX (October futures): Sell - 3980/3990, Stop Loss - 4030, Target - 3900/3890
Soybean NCDEX (October futures): Sell - 3340/3350, Stop Loss - 3380, Target - 3270/3260
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