Crude oil has come to the floor. Expertise
of Profitable Commodity
Tips said Brent's price in the global market today touched the level of
below $ 50 in the opening of business. Although there is a slight revival from
the low down level of 1.5 years in NYmax crude, but the price is still close to
$ 43. On Monday, there was a huge refuse of about 6.5 percent. At the similar
time, after touching the 4-year high level in October, the price of crude oil
has dropped to about 45 percent. It is believed that the demand for crude may
come down next year. The supply is also getting stronger.
Meanwhile, the hold up in the
dollar and the fall in global stock markets has led to the rise in gold prices.
The price has gone up to a 6-month high on the commerce. At here, According Profitable Commodity Tips
analysis the business is trading above $ 1270. This year, there has been an raise
of about 8 percent. However, the refuse in crude has given support to the rupee
and there is a lot of strength in rupee against the dollar. The dollar has come
down to Rs 70. Since October, the rupee has strengthened about 6.5 percent.
Profitable Commodity
Tips Expert Investment Advice
Gold MCX (February futures): Buy - 31450, Stop Loss - 31325,
Target - 31700
Silver MCX (March futures): Buy - 37600, Stop Loss - 37300,
Target – 38200
Crude oil MCX (January futures): Buy - 3085, Stop Loss -
3050, Target - 3250
Lead MCX (Jan futures): Buy - 140.50, Stop Loss - 139,
Target - 144.00
Even after cutting prices of crude oil in the international market, there was no change in prices of petrol and diesel locally on Wednesday. Indian Oil Corp Ltd (IOCL), the country's largest state-owned oil company, has not made any changes in petrol and diesel prices on Wednesday, December 26, 2018. Petrol price in the country's capital Delhi is Tuesday at Rs 69.79 per liter, while diesel is getting Rs 63.83 per liter.
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