Commodity Market: What to do in the fall of soybean

Bad global signals are getting weakness in oil and oilseeds. CPO at MCX is trading at 1 year level whereas soya oil, soyabean and mustard are also being seen in weakness. Decrease in crude oil is showing weakness in guar. The strengthening of the rupee has hit the guar.

Here is a decline in cumin. The possibility of growing the soil has found weakness.

Crude oil has completely cooled. And in the coming days it is expected to soften further. Crude has broken 25 percent from the 4-year high and has reached 65 dollars a barrel. In the first week of October, Brent Crude's price was around $ 87 a barrel. That is, the price of crude oil has come down to $ 22 a dollar, from the first week of October to the second week of November.

At the same time, natural gas continues to grow. MCX has increased by more than 4%. In the US, there is more support for cold and stock less than normal.

Hem Securities Investment Advice

Cumin: Sell 20150 bucks, target 19530 rupees, stoploss Rs 20,700

Soyabean: sell 737, target 743 rupees, stoploss Rs 728

Karvy Commodities Investment Advice

Silver: Buy 36050, target 36350 rupees, stoploss Rs. 35900

Crude oil: Buy 4030 bucks, target 4120 rupees, stoploss Rs 38080

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