Rudra Investment Commodity Tips Expert said There is a small recovery from the low down level of 2.5 years in silver. Although extremely sluggish business is happening. In the early trading, silver slipped lower $ 14. At the same time, the decline in demand and interest rates in the US are also pathetic with gold. It is trading below $ 1195.
Nickel prices have dropped to the buck level in the last 8 months on the London Metal Exchange due to threatening trade war in the US and China. The drop in steel prices has also put heaviness on nickel. Zinc is also not working as well. Both of these are used in metal steel production. Let us tell you that since March since March, the reserves of zinc have increased nearly 75% in London Metal Exchange warehouses.
Meanwhile, crude oil has risen due to falling reserves and Brent has crossed $ 79. The Rudra Investment said last week that 86 million barrels of reserves would go down. However, the market's eye will stay on the report of the US Energy Department today. At the same time, the weakness in the rupee against the dollar has increased. The dollar price is close to 72 rupees 90 paise, which is the lower level of the record.
Investing Advice of Rudra Investment Commodity Tips Expert
Guarseed NCDEX (October futures): Buy - 4250, Target Goal - 4400, Stoploss – 4190
Mentha Oil MCX (September futures): Buy - 1775, Target - 1850, Stoploss – 1740
Gold MCX: Buy - 30600, Target - 30800, Stoploss – 30480
Crude oil MCX: Buy - 5020, Target - 5120, Stoploss - 4980
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