According To Commodity Market Expert,
The refuse in crude oil has rise sharply. Rupee has slipped to the smallest
level against the dollar. The dollar has touched the level of Rs 73.76. About
15 per cent of the rupee has come down this year, while crude prices have
jumped 55 per cent. Brent is currently trading above $ 86 in Brent. Of course,
there is some heaviness from the upper level between the signals of Saudi and
Russia to increase the supply. But the extract still remains at the upper level
of four years.
Meanwhile, WTI Crude is also
trading above $ 76. However, with the rise in the dollar index, gold is showing
strain in the global market, and its price has fallen below $ 1200 on the
comma. Also, silver has lost much of yesterday's growth. But aluminium is on
the London Metal Exchange and the price has gone up to the last 3.5 months.
Prices were supported by the risk of falling supply of alumina from Brazil.
Commodity Market Expert Investment Advice
Crude oil MCX (October futures): Buy - 5580, stop
loss - 5540 and target - 5640
Copper MCX (November futures): Buy - 466, stop loss
- 463 and Target - 470
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