Free Commodity Tips | American President Trump has broken the nuclear deal with Iran. The US has indicated to impose strict sanctions on Iran. Following this decision, crude prices have jumped 2.5 percent in the global market. Brent has reached quite close to $ 77. Which is the upper level of last 3.5 years? Nymax Crude is also trading above $ 70. Although this agreement has just been broken by the US and still Russia, Britain, France, and Germany are with Iran.
Explain that Iran is OPEC's third-largest crude exporter. Currently, it is supplying about 2.6 million barrels of crude daily in the global market, and it is believed that the US decision to reduce crude supply by Iran to around 5 million barrels in the coming 6 months Support is available.
Meanwhile, the dollar is at the upper level of four months and its impact has been on gold and silver, which is trading in decline. Gold prices have come down to $ 1310 in the global market. However, the rise in the dollar has increased pressure on the rupee. The rupee is at the lower level of 15 months compared to the dollar. The price of one dollar has reached 67.40 rupees.
Rudra investment Free Commodity Tips
NCDEXcumin (June futures): Buy - 15400, Target - 15900, Stop-loss – 15200
NCDEX Castor Seed (June futures): Buy - 4060, Target - 4150, Stop-loss - 4000
MCX Gold (June futures): Buy - 31200/31180, Target - 31400, Stop-loss - 31030
MCX Crude Oil (May Futures): Buy - 4710, Target - 4812, Stop-loss - 4650
MCX Nickel (May futures): Buy - 924/920, Target - 942, Stop-loss - 910
MCX Zinc (May futures): Buy - 206.00, Target - 209.20, Stop-loss - 204
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