Ram Pitre of Anand Rathi Commodities recommends selling crude between Rs 5,360 per barrel and Rs 5,370 per bbl with stop loss of Rs 5,400 per bbl for target price of Rs 5,250 per bbl.
Don’t see gold touching $1,100/oz by year-end: UBS
Renisha Chainani of Edelweiss advises selling silver at MCX around Rs 42,700 per kilogram with stop loss of Rs 43,100 per kilogram for target of Rs 42,000 per kilogram on the lower side.
Sugandha Sachdeva of Religare Commodities advocates buying natural gas. “We would recommend buy on dips close to Rs 221 per kilogram to Rs 222 per kilogram with stop loss of Rs 217 per kilogram and prices are likely to show an upside up to a level of Rs 228 to Rs 232 per kilogram,” Sachdeva adds.
Dharmesh Bhatia of Kotak Commodities suggests selling copper at Rs 405 per kilogram maintaining a stop loss of Rs 409 per kilogram and hold short for major support of Rs 395-391 per kilogram on downside.