Free Commodity Tips
Expert says After the grave fall in yesterday's global market, there has been a
minor recovery today in crude oil. Although Brent is still trading below 80
dollars. While the NYMEX crude is below $ 69. Yesterday the value was slipped
to the lowest level in the last one month. In fact, the crude stock in the US
has amplified 65 million barrels. At the similar time there was a slight improvement
in the dollar, in which crude oil prices were double. Meanwhile, the US has
feared the death of a absent Saudi journalist, and under it, American President
Donald Trump warned Saudi Arabia to suffer the penalty. So gold has got support
and it is worth $ 1230 in the global market. Gold is shining due to the turn
down in the stock market worldwide.
But due to not have of command
and improvement in supply, the metal has become frail. Copper on LME has broken
1 percent. Nickel is trading at 1 month low down level. However, the production
of aluminium in China last month gave its prices support. Today the rupee is flat
compared to the dollar and the price of 1 dollar is above Rs 73.60.
Free Commodity Tips
Investment Advice
Gold MCX (December futures): Buy - 31880/31900
rupees, Target - 32200/32300 stop loss - 31750
Silver MCX (December futures): Buy - 38400/38500
Rupees, Target - 39200/39300 stop loss - 38300
Copper MCX (November futures): Buy - Rs 452/453,
Target - 443/442 stop loss - 457
Zinc MCX (October futures): Buy - Rs 198.70 /
199, Target - 201.50 / 202 stop loss - 197.50
Crude oil MCX (October futures): Sell- 5130/5140
rupees, target - 5030/5020 stop loss - 5180
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