Best Strategy For Trade With Commodity Market Expert

Commodity Market Expert Says Crude oil prices have dropped to the smallest level in the last two months. However, after the drop of yesterday, there is a minor recovery from the lower level. But Brent's price is still below $ 77. At NYMEX crude trading is trading below $ 67. Actually, underweight in the United States, Saudi Arabia has approved to increase the supply of crude oil after the ban. There is a boost in crude stock in the US about 10 million barrels. In such a condition, prices have been hit all over.

Meanwhile, gold has come under pressure from the upper level of 3 months and it is trading near $ 1230. But silver is firm in silver. Due to the reduce in crude oil, there is a lot of strong rupee against the dollar today. The dollar has come to Rs 73.25. Inflation in crude prices rose sharply in rupee. But today the rupee has gained about 0.5 percent.

Commodity Market Expert Investment Advice

Mustard NCDEX (November futures): Buy - 4200 bucks, Target - 4270 Stop loss - 4160

Turmeric NCDEX (November futures): Sell - 6630 bucks, Target - 6520 stop loss - 6700