According To Profitable CommodityTips Experts with the raise in production in the US, crude oil is trading in very little scope. Brent still remains under $ 80. However, after a major decline last week, a minor recovery from the lower level is also seen. At NYMEX crude trading is trading below $ 70.
Indeed, in the US, rig count has gone at the record level of the last 3 years. At the similar time, due to the trade war, global increase is expected to refuse next year. In such a condition, the demand for crude may be reduced. The effect of which is seen at its prices.
On the other hand, trading in
gold is also happening around last week's level. Its price is $ 1230 on the comex.
But with the hope of getting better the demand in China, copper has accelerated
on the London Metal Exchange. At the equal time, the price of Nickel has jumped
nearly 1.5 percent. While pressures on zinc prices have been pressurized due to
increasing reserves. Today the rupee is trading flat in comparison to the
dollar. The dollar price is close to 73.30.
Profitable Commodity
Tips Experts Investment Advice
Soybean NCDEX
(November futures): Sell - 3270 bucks, target - 3210 Stop loss - 3320
Cumin NCDEX
(November futures): Buy - Rs 20,300, Target - 20530 Stop loss - 20100
Natural Gas
MCX: Sell - Rs 238, Target - 227 Stop loss - 243
Silver MCX
(December futures): Buy - 38800 rupees, Goal - 39400 Stop loss - 38400
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