SEBI Registered Financial Adviser
Profitable Commodity
Tips Expert said there is a lot of heaviness on crude oil prices. Brent
slipped below $ 70. US President Donald Trump OPEC has been able to see the
sell-out in crude making stress not to cut output. In fact, Saudi Arabia's
energy minister had said yesterday that OPEC has approved to cut 10 million
barrels in supply from next year, in reply to which Trump's statement came in
response.
The second biggest trigger for
the commodity market is the dollar. Due to the prospect of rising rates in the
US in December, the dollar index is at an higher level of 16 months, as gold
remains close to 1 month's little level. The dollar effect is also visible on
metals. Aluminium is down 1 percent in Shanghai, while there is a fault of
about 0.25 percent in Copper. Compared to the dollar, the rupee is seeing enhancement
today and its impact will be seen on the domestic commodity market.
Investment Advice of Profitable
Commodity Tips
Chana NCDEX (December futures): Buy - 4580, Stop Loss
- 4520, Target - 4720
Castor Seed NCDEX (December futures): Buy - 6080,
Stop Loss - 5980, Target - 6280
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.