Free Commodity Tips | Commodity Exchange MCX is going to start 4 more commodities options this month. Options from the SEBI to crude, silver, copper, and zinc have been allowed. Out of which the options in crude oil will start from next week. Speaking on this, MrGang Paranjape, MD & CEO of MCX informed that options will be started in crude oil from May 15. Options will start in 4 commodities this month. The choices will be started in the same month in silver, copper, and zinc too.
He further said that increasing the time of the stock market will also benefit the commodity. There is considerable scope for expansion in the commodity. New exchanges can focus on other commodities. SEBI will be asked to allow options in commodities and in the commodity.
Trade Between the Commodity Market
America today can decide on economic sanctions on Iran. In fact, President Trump is going to make a decision 4 days ahead of schedule. In such a situation, after the rise in the global market, crude oil has declined and Brent has slipped nearly 1% from the last 3.5 years. At the same time, the price of NYMAX crude has come down to $ 70. In fact, it is being believed that if the US imposes a ban, then its impact will not be much on the supply of crude from Iran.
On the other hand, trading is happening near the level of gold yesterday. On the London Metal Exchange, Copper is trading in the fourth consecutive session. In China, it has got support from the hope of increasing demand. Along with that, the price of zinc has also increased by about 1 percent. In the meantime, the weakening of the rupee against the dollar has increased and the price of 1 dollar is more than 67 rupees. The rupee is trading at the lower level of last 15 months. Let's look at the levels at which commodity market starts today.
Rudra Investment Free Commodity Tips
NCDEX Mustard: Buy - 3830, Goal - 3910, Stoploss - 3770
NCDEX Castor Seed: Buy - 3940, Goal - 4010, Stoploss - 3890
MCX Copper (June futures): Sell - 464, Goal - 451, Stoploss - 472
MCX Zinc (May futures): Buy - 203, Goal - 210, Stoploss - 200
thnks for the info..stock market tips
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