Commodity Bets: Precious metals prime for a bull run?

Ravindra Rao of Motilal Oswal Commodities expects gold prices to go higher at Rs 30,550 per 10 grams. So, he recommends buying gold at Rs 30,200 per 10 grams with a stop loss of Rs 30,050 per 10 grams for a target of Rs 30,500-30,550 per 10 grams.

Dipen Shah of Stayvan.com feels that on an intra-day basis, crude could be sold into at Rs 4,750 per barrel with a stop loss of Rs 4,790 per barrel for a target of Rs 4,680 to Rs 4,650 per barrel.

Rajini Panicker of MF Global Commodities India advocates going long on July silver on MCX at levels of around Rs 54,750 per kilogram to about Rs 54,850 per kilogram with a stop for this trade at around Rs 54,500 per kilogram levels and look to target levels of about Rs 55,400 to Rs 55,700 per kilogram.

Sumeet Bagadia of Destimoney Commodities expects base metal prices to move down. At present, he feels that aluminium looks good and so advices selling aluminium at around Rs 106.50 per kilogram levels with a stop loss at Rs 107.10 per kilogram for downside target of 105.10 per kilogram and below that Rs 104 per kilogram in next one or two days.