Check out best bets for crude, gold, copper

Rajini Panicker, head of commodities research at MF Global Commodities India recommended a short on Multi Commodity Exchange (MCX) crude oil contract at levels of 4,120 for a stop loss of Rs 4,185 per barrel and target of Rs 3,920-3,900 per barrel levels. She told CNBC-TV18, "At levels of 4,120, the October crude would be below key moving averages and the midline of the Bollinger band." This indicates that there could be downside movement. The RSI levels indicates that crude can still move lower, he added.

Moreover, director of Brics Securities, Ram Pitre suggested a buy on crude between Rs 3,960-3,970 per barrel with a stop loss of Rs 3,940 per barrel and a target price of Rs 4,010-4,040 per barrel.
However, from the precious metal space, Ashish Shah of Sushil Global Commodities expects gold prices to correct to USD 1,630 per ounce. According to him, the most important level for gold would be USD 1,575-1,560 per ounce. He advised to look at the prices correcting to Rs 25,800 per kilogram, which would be a target strategy for going short and looking at that region to go long.
Fears of a double dip recession in the US and negative Chinese manufacturing data last week will weigh on the copper prices in the short-term, said Admisi Commodities