Gold and silver are still trading in sluggish business. MCX Gold remains below 45,000. Silver has also fallen by about 0.5 per cent. The dollar is strongly under pressure on prices. But once again in Europe, the support of Corona cases increased. Are getting.
All metals weak except nickel
All base metals except nickel fall. Copper has a weakness due to increasing inventory and decreasing the positions of funds. Corona’s third wave and dollar recovery have put pressure on metals.
Strong drop in crude oil
The sharp decline in crude oil has been the day. Brent slipped to $ 62. MCX and Nymax crude have also fallen by about four per cent each. Concerns over global supply increases and Corona’s third wave have been under pressure.
Soybean price at new high
Eating oils continue to trend strongly. Soybean prices are at a new high. Mustard is also fast. But record highs have led to profit-booking in CPO and soya oil. Domestic prices are being supported strongly in foreign markets. Malaysian palm oil has gained about 4 per cent. Strong demand, tight supply are supporting prices. Domestic vegetable oil imports declined by 27 per cent in Feb. Focus on green energy in the US is also being supported. The vegetable oil index has risen 70 per cent in the US since June. Talking about the second agri commodity, the castor is also very strong. Its price on NCDEX has reached the high of October 2019. Guar is also trading with shopping.
Priyank Upadhyay’s investment advice from SSJ Finance
BUY ZINC MARCH 218 TGT 222 STOP 216
BUYGOLD APRIL 44,800 TGT 45,200 SL 44,500
Investment advice by Manoj Jain of Prithvi Finmart
BUY COCUD APRIL 2380 TGT 2430 SL 2355
SELL TURMERIC APRIL 8400 TGT 8050 SL 8580
BUY MUSTARD APRIL 5700 TGT 5900 SL 5580
BUY CPO APRIL 1120 TGT 1155 SL 1098
BUY SOYABEAN APRIL 5600 TGT 5780 SL 5480
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