The Opening Day Of This week
Report By Rudra Investment Best Commodity Tips
Provider Crude oil is screening stability in the global market after the
sharp refuse last week. Brent's price has been nearly 1 percent lower than the
16-month low. Its price has crossed $ 54. NYMEX crude is trading upwards of $
46. Indeed, Saudi Arabia has said that if the production cut is not enough,
then the oil-producing country can meet again in February-March. Although the
US, Russia and Saudi Arabia are continually producing record of crude and OPEC
production cut will come into result from January.
Meanwhile, the value of gold in
the global market has gone up to 6 months at the higher level due to softening
of dollar. There is a carabar above $ 1260. Silver has also gained about 0.5
percent. But the rupee has gained the advantage of weak spot in the dollar and
the rupee is trading with the dollar stronger than the dollar. One dollar is
worth 70 rupees.
Best Commodity Tips Provider Investment Advice
Sell cotton open NCDEX (January
futures) - 1880, stop loss - 1930, target - 1820
Buy Mustard NCDEX (January Futures)
- 3970, Stop Loss - 3920, target - 4025
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