Due to the massive drop in the
dollar index, Expertise Of Rudra Investment Best
Commodity Tips Provider said the global commodity market has gained impetus.
Gold prices have reached $ 1280 in the global market, which is the higher level
of the last 7 months. In fact, due to the fold down in the US, the dollar has decline.
Silver is trading at the greater level of 4 months. Crude oil has also risen
from the weak dollar and its price has jumped nearly 2 percent in the global
market. Brent is crossing $ 53. NYMEX crude is trading above $ 45. The thing to
note is that despite the boost in the reserves in the US, crude oil is being
seen firmly.
Meanwhile, there is a heavy deferral
in the base metal on the London Metal Exchange. Copper is strong. While there
is pressure on nickel. Nickel has touched the smallest level of 14 months and
aluminum 20 months. However, the fall in the dollar has given support to the
rupee and the rupee has strengthened by 0.5 percent. Dollar price is close to
Rs 70.
Rudra Investment Best Commodity Tips Provider Investment advice
Crude Palm Oil MCX (December futures): Buy
- 500, Stop Loss - 493.60, Target - 509.90
Chana NCDEX (Jan futures): Buy - 4277, Stop
Loss - 4229, Target - 4373
Silver MCX (March futures): Buy - 38300, Stop
Loss - 37550, Target - 39300
Lead MCX (December futures): Buy - 142,
Stop Loss - 138, Target - 148
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