Rudra Investment | What Should Be The Strategy In The Commodity Market Today

Gold has returned to recovery again and it has crossed the $ 1,335 in the global market. Last week it was around 1.5 percent, which was the biggest weekly fall of 2.5 weeks. But after returning from the lower level and stability in the dollar, gold has returned again. Although February's non-payroll data will be released in the US this Friday. Thereafter, there is also the possibility of interest rates rising in the US in March. There is a recovery of about 1 percent in silver.

Meanwhile, crude oil is also trading on the rise. Brent's price has gone above $ 67, which is an upper level of about three weeks. Neamax crude is trading at around $ 64. However, today there is lightning in rupee and the dollar has come down to Rs 64.70.

    Profitable Advice of Rudra Investment Stock and Commodity Expert

Mustard NCDEX (April futures): Sell - 4180, Stoplaus - 4230 and Target - 4110

Barley NCDEX (March futures): Buy - 1465, stoploss - 1445 and target - 1490

Copper MCX (February futures): Buy - 458, Stoplaus - 454 and Target - 464

Silver MCX (March futures): Buy - 38500, Stoplaus - 38000 and Goal - 39200

           

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Rudra Investment | Gold will Rise OR Crude Will Slip, Where Will You Look?

Rudra Investment Stock and Commodity Expert

In the US, the number of unemployed has come down to 45 years. The unemployment rate is at the lowest level of 17 years. In March, there are strong platforms to increase interest rates. In such a situation, it is decided to have action in the dollar. In such a situation, the rupee will collapse. What will be the impact of the currency on the commodity market? Will gold or slip crude?

There is a weakness of about 2.5 percent in this year. The rupee has reached 3 months lower than the dollar. This week the dollar has reached 65.10. In the US, interest rates are expected to increase next month. The dollar index is below the 3-year low level.

The dollar is getting support from US economic recovery. The number of unemployed in the US is the lowest in 45 years. The unemployment rate is at the lowest level of 17 years. The rates of the Fed meeting are expected to increase.

The prices in the domestic market have dropped nearly 1.5 percent this week. The biggest weekly fall of two and a half months. Despite weak rupees, gold is not getting support. There is a discount on gold in the domestic market. There is a decrease in demand for gold after the PNB scam.

Here, the pressure is also increasing in a supply of crude oil. The crude oil prices have dropped nearly 8 percent in one month while continuous pressure is seen from the upper level of 3 years. Daily production in the US has crossed 1 million barrels. Daily crude exports of US are over 20 million barrels. Prices on the dollar have also seen pressure on prices.

           

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Rudra Investment SEBI Commodity NSE BSE Stock NIFTY.

Rudra Investment SEBI Registered | Where to Bid in the Commodity Market Today

The global commodity market is seeing all-round pressure due to recovery in the dollar. Especially crude oil has declined by about 1 percent. Crude prices have fallen below $ 61 on the NYMX. Brent is trading below 65 dollars. Gold has also slipped to one week's low level. It is trading below $ 1325. Base metal on the London Metal Exchange are also weak and are trading with all the metal deterioration including copper. However, the recovery in the dollar has increased the pressure on the rupee. In this case, the rupee has slipped to three-month low levels against the dollar. The price of one dollar has crossed 65 rupees. Karebar is being hit with a huge decline of about 0.5 percent in the rupee.

Currently, crude oil on MCX slips 0.6 percent to Rs 3,395. Natural gas is falling by 0.4 percent to 172.2 rupees. At the same time, gold on MCX is trading at Rs 30,430 with a slight decline of 0.15 percent. Silver is trading 0.6 percent down at 38,410 rupees.

Copper on MCX is trading at Rs. 455 with a huge decline of 1.25 percent. Aluminum is also trading more than 1 percent and is trading at Rs 141.2. Nickel is trading at Rs 878.4 with the weakness of 1.7 percent. The led is trading 0.8 percent down at Rs 164.15. Zinc is rolling over 1.5 percent and is trading at Rs 226.8.

Soybean at NCDEX is trading at 0.475 percent with an increase of 3775 rupees in Agri Commodity. The turmeric is about 0.5 percent rising and is trading above Rs 7,000.

Commodity Market Tips Today form Rudra Investment

Gold MCX (April futures): Buy - 30380, Stoplaus - 30240 and Target - 30600           
Silver MCX (March futures): Buy - 38350, Stoplaus - 38100 and Target - 38850     
Copper MCX (February futures): Buy - 456, stoploss - 453 and target - 462                 
Crude oil MCX (March futures): Sell - 4000, stoploss - 4045 and target - 3900       
Soybean NCDEX (March futures): Buy - 3770, Stoplaus - 3730 and Target - 3850     
Turmeric NCDEX (April futures): Buy - 6970, stoploss - 6890 and target - 7140      

           

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Rudra Investment SEBI Commodity NSE BSE Stock NIFTY.