Today’s Commodity Market Strategies With Commodity Market Expert

                                         

  

In the US, the rupee was getting better from strong manufacturing data Commodity Market Expert says the global market yesterday silver slip to the lowest level in the last 32 months. Although there is a slight healing from lower levels the price is still around 14 dollars. Silver today is the expiry month of September on SCX. At the similar time, gold is also under $ 1200. 

At the same time, the impact of hurricane produce in America is showing pressure from the upper level in crude oil. Brent's price has come down to $ 78. The market's eye will remain on inventory data today.

Also, the refuse in demand has led to a decline in metal and the price of copper in China has dropped to the lowest level in the last 14 months. Nickel and the rest of the metal are also weak. In fact, the trade war is going deeper between the US and China. Meanwhile, there is a slight revitalization in rupee against the dollar today. Dollar price is close to Rs 71.50

Investing Advice of Commodity Market Expert

Cotton MCX (December futures): Buy - 1690	Stoploss - 1660, Target - 1775
Castor Seed NCDEX (October futures): Buy - 4700	StopLoss - 4660, Target - 4800
Mentha Oil MCX (October Futures): Buy - 1690	Stoploss - 1669, Target - 1750
Crude oil MCX (September futures): Sell - 5020	StopLoss - 5060, Target - 4920
Gold MCX (October futures): Sell - 30220	StopLoss - 30320, Target - 30000