Today’s Trading Strategy With Commodity Market Expert

According To Commodity Market Expert, The US Federal Reserve has enlarged interest rates by 0.25%. However, gold and silver have risen in the global market in the face of this. Gold price is $ 1200 on the Comex. At the unchanged time, the price of silver has jumped nearly 1 percent and it is trading near $ 14.5.

Meanwhile, crude oil has risen due to fear of supply and its price has jumped nearly 1 percent. In the global market, this is at the higher level of 4 years. In fact, Oman crude has gone beyond $ 90 in Dubai. In this way, it has got storm speed in the world.

What is significant is that despite the rise in crude reserves in the US, 18.5 million barrels have increased. At the similar time, crude production in the US has also gone up to the record level of 111 million barrels. However, increased introduce a duty on many items in India helped the rupee. The government has imposed the duty on import of 19 items to control the rising current account deficit. In such a condition, the rupee has strengthened against the dollar and the dollar has come down to Rs 72.5.

Investment Advice of Rudra investment Commodity Market Expert

Soybean NCDEX (October futures): Sell - 3350	Stop Loss - 3450, Target - 3210
Silver MCX (December futures): Buy - 37850	Stop loss - 37500, Target - 38350
Lead MCX (September futures): Sell - 145	Stop Loss - 146.5, Target - 141
Guar Seed NCDEX: Buy - 4240	Stop Loss - 4050, Target - 4450