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Commodity bets: Buy crude & silver; sell copper

Commodity experts are upbeat on crude and silver, they advise selling them. However, they expect silver to rally.

June 10, 2013 / 14:15 IST
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Sreekanth Jha of PJ Commodity Ventures suggests buying crude at Rs 5,400 per bbl for targets of Rs 5,500-5,550 per bbl and stop loss at Rs 5,300 per bbl levels.

Buy MCX Gold Aug fut on dips; target Rs 28000: Fortune Fin Priyank Upadhyay of AVP Commodity Research advises selling copper at Rs 417 per kilogram with a stop loss above Rs 421 per kilogram and expect target of Rs 412 per kilogram followed by Rs 410 per kilogram. NS Ramaswamy of Ventura Securities recommends buying silver above Rs 42,750 per kilogram and target of Rs 43,450 per kilogram and beyond that Rs 43,750 per kilogram with a stop loss of Rs 42,500 per kilogram. He advocates long position in July silver MCX.
first published: Jun 10, 2013 02:15 pm

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