Expert tips on crude, natural gas, silver & copper

N Prasad of Safetrade Advisors advises buying MCX crude oil August contract around Rs 5,120 per barrel with a stop loss of Rs 5,090 per barrel for a target of Rs 5,170 per barrel.

Priyank Upadhyay of SSJ Finance & Securities reckons that silver prices are consolidating between Rs 53,000-53,700 per kilogram. He expects silver prices to edge higher towards Rs 54,000 per kilogram. He advocates buying on dips around Rs 53,250 per kilogram with a stop loss below Rs 52,800 per kilogram for targets of around Rs 54,000 per kilogram. Kunal Shah of Nirmal Bang Commodities remains bullish on natural gas. He recommends going long in natural gas futures at Rs 165 per mmbtu for the near month contract for prices to move up and test levels of Rs 174 per mmbtu with a stop loss pegged at Rs 158 per mmbtu. Ashish Shah of Sushil Global Commodities feels that copper maybe facing strict resistance. He believes, rallies to Rs 416-417 per kilogram can be used to sell with stop loss above Rs 418 per kilogram for a downward side target objective of Rs 412-413 per kilogram on the lower side.