Commodity Corner by Manisha Gupta guides you through the most important trades in commodities, takes a first-hand look at how these markets are moving and what is at stake for investors.
It is the Chinese premier conversation that has moved the market quite a bit.
Crude oil prices after gaining more than 2% yesterday, are trading 0.5% on the higher side. Markets are looking at geopolitical concerns rising out of Syria and the supply concerns coming in from Venezuela and Iran which have been supportive for the prices.
It is not only the Japanese yen and Swiss franc decline, but it is a similar fate for gold and silver in precious metals as well.
Metals is the space which has seen a lot of buying and for the second day, buying has continued.
Check out commodity trading strategies from Grovalue.
- Buy zinc at Rs 209.50 with a stop loss of Rs 207 and target of Rs 214.
- Buy copper at Rs 443 with a stop loss of Rs 439 and target of Rs 448.
- Buy nickel at Rs 872 with a stop loss of Rs 860 and target of Rs 894.