Free Commodity Tips | With the estimated rise in production in the US, crude oil has cooled down and Brent Crude has slipped from the upper level of 3.5 years. At the moment, it has come down to $ 77 and is trading with a decline of about 0.5 percent. Meanwhile, Neemax crude is showing pressure too. In fact, the number of oil rigs in the US has gone up to a record level of 3 years. In such a situation, there is an estimated rise in production of crude oil. By the way, the US is already producing a record of crude and has left behind OPEC's largest producer Saudi Arabia. The world's largest oil producer is marginally behind Russia.
There is strong-ness in gold today and it remains at $ 1,320. Also, the price of silver has increased by about 0.5 percent in the rupee against dollar. Although there is pressure for aluminum continuously for the third day on the London Metal Exchange. In fact, Glencore and Rousselle have demanded relief from LME. Meanwhile, the rupee has strengthened against the dollar and the price of one dollar is close to Rs 67.20.
Rudra Investment Free Commodity Tips
NCDEX castor seed (June futures): Buy - 4040, Goal - 4160, Stop Loss - 3950
NCDEX mustard (June futures): Buy - 3900, Goal - 3980, Stop Loss - 3860
MCX Gold (June futures): Buy - 31400, Target - 31650, Stop Loss - 31300
MCX Silver (July futures): Buy - 40300, Goal - 40800, Stop Loss - 40100
MCX Crude Oil (May Futures): Buy - 4720, Goal - 4820, Stop Loss - 4670
MCX Copper (June futures): Buy - 463, Goal - 470, Stop Loss - 460
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