Today, the strength of gold in gold is still strong, and on the Commands, it remains firmly above $ 1,320. There is also a slight increase in silver and its price has reached near $ 16.5. Indeed, the dollar index has slipped again down to 90. Meanwhile, the estimation of the International Energy Agency on the demand for crude oil prices has got support and Brent have crossed the $ 65 mark. Crude oil is increasing for the fifth consecutive day. IEA has said that for the next 5 years, the global crude demand will continue to grow. Although OPEC production will increase in the meantime, the output growth will be slow compared to demand.
At the same time, the price of zinc in China has dropped to a three-month low on the assumption of import duty on steel in the US. In fact, the stock of Zinc has increased in London Metal Exchange warehouses, and this also shows pressure on zinc prices. However, on the London Metal Exchange, all the metal, including zinc, are trading with light lead. In fact, there is support from the weak dollar on the London Metal Exchange. Today, the rupee has come down slightly from the dollar and the price of 1 dollar has come down to 65 rupees.
Advice of Rudra Investment Stock Expert
Cotton MCX (March futures): Buy - 20800, StopLoss - 20650, Target - 21100
Mustard NCDEX (March futures): Buy - 4125, StopLoss - 4090, Target - 4200
Crude oil MCX (March futures): Buy- 4040, StopLoss- 4000, Target - 4100
Gold MCX (April futures): Sell - 30450, StopLoss - 30560,Target - 30250
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