After slipping to the record
level yesterday, the rupee is improving in the rupee today. On the other hand,
there is a weak point in crude oil. Profitable Commodity Tips
Expert said The decline in IMF's Global Growth judgment has seen heaviness on
crude. However, due to the refuse in production in the US, it is getting
support at the lower level. The market is awaiting the API's stock data.
Meanwhile, natural gas is getting increasingly visible. Price is at 9 months at
NYMax. Natural gas prices have increased 25% in the last one month.
interruption of base metal, Zinc
is getting faster. In Shanghai it is worth 4 months. Its price at the London
Metal Exchange is at a 3-month high. Zinc is getting quicker due to the refuse
in production in China. Zinc stores at the London Metal Exchange have reduced
to two million tonnes. Demand of zinc is approximate to be higher than supply.
According to Profitable Commodity Tips
Expert Copper is also getting stronger. Copper prices in London are getting
better. The decline in bond yield in the US has also strengthened. Meanwhile,
aluminum has weakness. Trading in Aluminum with weakness in Shanghai.
Investment advice from Profitable Commodity Tips expert
Crude oil MCX: Sell - Rs 5640, Target - Rs 5550,
Stop loss - Rs 5679
Copper MCX: Buy - Rs 457, Target - Rs 465, Stop loss
- Rs 454
Silver MCX: Buy - 38100 bucks, Target - 39500
rupees, Stop loss - 37700
Gold MCX: Sell - Rs. 31459, Target - 31150
rupees, Stop loss - Rs. 31550
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