Rudra Investment Commodity Market Expert
says Its prices have improved between speculations on the OPEC cut in the
supply of crude oil. Brent cost $ 67 and NYMAX crude has crossed 57 dollars.
However, crude oil production in the US is likely to raise. In fact, the number
of oil rigs has amplified to 3.5 years at the upper level. In such a condition,
crude oil is stuck in a radius despite the increase.
Meanwhile, there is an
overwhelming heaviness on gold in the global market. Along with this, there is
a sluggish business in silver today. But Copper is trading with a rise of 5th
day on the London Metal Exchange due to fear of supply shortage. The price has
gone up by almost 0.5 percent to $ 6200. In fact, the reserves of copper in the
London Metal Exchange's warehouses have fallen to the lowest level of 10 years.
Report from Commodity
market Expert There is a weak spot in the rupee against the dollar today
and the dollar has crossed the Rs. 72 level.
Investment Advice Of Commodity Market Expert
NCDEX mustard (December futures): Sell - 4155,
stop loss - 4200, target - 4090
NCDEX Barley (December futures): Sell - 1880, stop
loss - 1921, Target – 1820
MCX Gold: Buy - 4120, stop loss - 4080, Target -
4220
MCX Silver: Buy - 36900, stop loss - 36500,
Target - 37600
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