Rudra Investment Best Commodity Tips Expert Says The movement in the US and China about trade war and interest rates in the US have led to an insignificant increase in the dollar index. In such a condition, the glow of gold in the global market has dimmed. Its price is below $ 1195. At the identical time, there is a slack in silver. It is trading around $ 14. Although the fear of U.S. sanctions on Iran's crude has a steep rise in raw.
Brent remained at the top of $ 77 with firmness. NYMEX crude is trading upwards of $ 67. Meanwhile, the US has appealed to raise production from major oil producing countries of the world. In such a situation, the movement of crude oil has been compact to a very small scope.
However, today after the well-built upturn, the metal on the London Metal Exchange is fragile. Copper has dropped slightly from the high level and the price is below $ 5,900. Actually, after the hardness of the US, China has also tightened and said that China will not be silent if the US shows anxiety on import. In such a situation, the risk of increasing the Global Trade War has increased.
Meanwhile, in August, China's copper import has fallen nearly 7 percent. Also, the prices of homes in China are also expected to increase. There is a slight recovery in the rupee against the dollar today.
Rudra Investment Best Commodity Tips Experts Investment Advice
Cotton Whole NCDEX: Buy - 1705/1710
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Target - 1765/1740 Stoploss - 1680
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Mustard NCDEX (October Futures): Buy - 4170/4180
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Target - 4260/4270, Stoploss - 4140
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Crude oil MCX: Buy - 4850
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Target - 5050 Stoploss - 4750
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soya Oil NCDEX (October Futures): Buy - 743/744
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Target - 752/755 Stoploss - 741
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