Commodity Market Expert
Expected Crude oil is trying to absorb today after important fall in yesterday.
However, its response is still at the lower level of 15 months. Brent is
trading at $ 56 and NYMEX crude is trading at $ 46. In fact, the production of
crude is being produced in the US and Russia. At the similar time there is also
an approximate deficit in demand next year.
Meanwhile, the decision of the
meeting of the FOMC today is going to come. Earlier, gold has gone up to 5
months at the higher level. It is trading at $ 1,250. Silver also has a strong
trend in the dollar. Although the rupee has arriving a lot of support from the
weak dollar and the dollar has come down to Rs 70. The rupee has gone above the
2 week high.
Mustard NCDEX (January Futures): Sell - 3950,
Stop Loss - 4010, Target - 3860
Crude Palmel MCX (December futures): Buy - 510, Stop
Loss - 504, Target - 522
Nickel MCX (December futures): Sell - 761, Stop Loss
- 770, Target - 742
Natural gas MCX (December futures): Buy - 260, Stop
Loss 257.8, Target - 269
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Online Commodity Trading tips and Updates