Today, crude inventory data will
come in the US and earlier than that crude oil is under heaviness again
According To Commodity
Market Expert. In yesterday, there was a huge recovery of about $ 4 from
the lower level of 1.5 years. But today there is a stress again from the higher
level and Brent is trading at $ 54 with a slight refuse. The price of NYMEX
crude went up to $ 46.
The gold remains there only at
the level of tomorrow. It is trading at $ 1,270. In fact, the holdings of gold
ETFs are rising rapidly. Holding of SPDR Gold has gone past the last 4 months.
Along with this, silver has gone up to 4 months at the global market. It is
trading above $ 15.
Meanwhile, LME has been
recovering from the inferior level of last 3 months in Copper. The price has
gone up again to 6 thousand dollars. In China, demand is expected to get better.
Commodity Market Expert
said The same is the weak spot in the rupee against the dollar today. Dollar
price is again crossing 70 rupees.
Investment Advice of Rudra Investment Commodity Market Expert
Cotton Whole NCDEX (January
Futures): Buy - 1838, Stop Loss - 1800, Target - 1920
Silver MCX (March futures): Buy -
38200, Stop Loss - 37900, Target - 38800
Copper MCX (February futures): Buy -
420, Stop Loss - 417, Target - 426
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