According To Rudra Investment Best Commodity Tips Expert
Due to cut in Saudi Arabia's contribute, crude oil has gained momentum. Brent
Crude then reaches over $ 71. In view of which crude has dropped nearly 20 percent
since October, Saudi Arabia has announced a reduction of 5 lakh barrels per day
in contribute in December, which is 0.5 percent of the total global supply.
However, in the US, crude oil is facing small interruption at the upper level
due to the increase in production. 12 rigs have improved in the US in the past
week, thereby indicating an increase in production.
The dollar index is at a height
of 16 months but gold and silver are trading in little realm. Best Commodity Tips Expert
Expected Market watchers will be on US inflation numbers this week because the
Federal Reserve has indicated signs of raising rates in December. In the dollar
index, there is a weak point in base metals in the international market. Nickel
has broken more than 2 percent in Shanghai. At the similar time, there is a
weakness of about 0.5 percent in copper prices.
Investment advice of
Best Commodity Tips Expert
Crude oil MCX (November futures): Buy - 4300,
Stop Loss - 4255 and Target - 4400
Silver MCX (December futures): Sell - 36700, Stop
Loss - 36200 and Target - 38600
Mustard NCDEX (December futures): Sell - 4150, Stop
Loss - 4200 and Target - 4080
Wheat NCDEX (December futures): Buy - 2060, Stop Loss
- 2030 and Target - 2100
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