Expertise Of Share Market Commodity Tips Expert
Said The heaviness on crude oil has increased due to increase in reserves and
decrease in demand in the US. Brent's price in the global market has dropped by
almost 0.5 percent to $ 61. In fact, its reserves in the US have greater than
before by 66 million barrels. At the same time, Barclays has reduced estimates
on the American economy, and there is an opportunity of further reduction in
crude demand, which has hit the prices all over.
On the other hand, crude is
strong in the domestic market. There is heaviness from the higher level in gold
and silver. Meanwhile, lead and zinc are weak in base metal. While the rest of
the metal is trading on the edge.
Selling in gram and cotton khali
is dominant in Agri Commodity. Coriander, cumin and turmeric also have a fall
in spices in spices. Along with soybean and mustard, dull business is also
happening.
Investment Advice of Commodity Tips Expert
Refined soya oil NCDEX (February
futures): Buy - 760, Target - 772, Stop loss - 754
Soybean NCDEX (February futures):
Buy - 3780, Goal - 3840, Stop loss - 3740
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