In the US, crude oil reserves have been supported by lower prices than expected. In the global market, Brent Crude is trading above $ 64 with light margin. Nymex Crude is also near $ 61. Although the business is going on in very small scope. Today the US Energy Department will also release the storage report. Gold is also in a very small area of the global market. It is trading below $ 1330. However, silver has gained about 0.25 percent.
In the domestic market, crude oil is trading close to Rs 3,650 on MCX. Natural gas went up by 0.8 percent to over 180 rupees. Gold at MCX is rising at 0.4 percent and is around Rs. 30505. On the other hand, silver is showing an increase of 0.4 percent and is around Rs. 38,970.
Talking of base metals, the copper dropped by 0.50% on the London Metal Exchange. The market is quite nervous with America's tough stance on imports from China. Meanwhile, in January and February, aluminum production in China has fallen nearly 2 percent. There is a weakness in the rupee against the dollar today. One dollar is worth 65 rupees.
Investment Advice of Rudra Investment Stock And Commodity Expert
Soybean NCDEX (April futures): Buy - 3780, Stoplaus - 3754, Goal - 3830
Chana NCDEX (April futures): Buy - 3630, Stoploss - 3595, Target - 3700
Gold MCX (April futures): Sell - 30480, Stoplaus - 30580, Target - 30270
Silver MCX (May futures): Sell - 39050, Stoplaus - 39250, Target - 38500
Copper MCX (March futures): Buy- 449, Stoplaus - 447, Goal - 455
Zinc MCX (March futures): Buy- 212, StopLoss - 210.50, Goals - 215
Crude oil MCX (March futures): Sell - 3945, Stoplaus - 3980, Target - 3860
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