The increase in reserves in the US has resulted in the breakdown of crude oil. Brent's price has slipped below $ 70. It is trading with a decline of about 0.5 percent. In fact, yesterday the inventory report of the US Petroleum Institute came in, according to which the reserves of crude have increased 53 million barrels in the US. Today there will also be a report of energy department, which has a watch on the market.
Gold and silver are trading in sluggish business. However, after the fall of gold, gold is trying to recover again. Its price has come down to $ 1,350. From where it is doing business with a slight increase. At the same time, silver prices climbed almost 0.5 percent. On the London Metal Exchange today, the dollar is trading on the back of a modest rise in the base metal.
Talking of agri, gram and mustard are much below the MSP. That is why preparations for the procurement of mustard and gram in Rajasthan for the relief of farmers have been completed more or less. The government will start procurement of gram and mustard from next week ie I There is a plan to procure 8 lakh tonnes of mustard and 4 lakh tonnes of a gram. Madhya Pradesh government has also decided to purchase mustard seeds and gram from farmers on MSP. These two states are big producers of gram and mustard seed cultivation. However, today the speed of the mustard has returned and its price has increased by about 0.5%. At the same time, the decline of gram has also stopped. Meanwhile, the decline in guar has deepened. Its price has come down to the lower level of last 4 months.
Crude Oil MCX (April Futures): Sell - 4230/4240, StopLoss - 4278, Target - 4160
Gold MCX (April Futures): Buy - 30650, StopLoss - 30560, Target - 3080/30840
Zinc MCX (April futures): Buy - 212.60 / 212.00, Stoploss - 210.80, Target - 214.80
Copper MCX: Sell - 431, StopLoss - 434.50, Goal - 426
Guar Seed NCDEX (April Futures): Sell - 4124/4130, StopLoss - 4168, Goal - 4060
Chana NCDEX: Buy - 3680/3685, StopLoss - 3640, Target - 3750
ReplyDeleteNice post really worth it and helpful.
Free Trading tips