Want to trade the yellow metal? Get expert advice on gold

Here are some commodity trading strategies from experts to help you trade better right now in commodities like gold, copper and crude.

Crude

Kishore Narne, Vice-President of Anand Rathi Commodities suggests a sell on October crude at Rs 4,120-4,150 with a stop loss above Rs 4,210. In due course, his targets are close to Rs 3,950-3,900.

Copper

N Prasad, CEO of Safetrade Advisors says to sell Copper MCX at Rs 416 with a stop loss at Rs 420 for a target of Rs 411.

Gold

Gold has seen some profit booking after its rise till USD 1880 or until around Rs 28,300 per 10 gms levels, says Kaushal Jaini, Assistant Vice-President of Dani Commodities. He suggests holding shorts in gold if it goes below Rs 27,600 per 10 gms and do a good trade range between Rs 27,600 per 10 gms and Rs 28,000 per 10 gms on the upper range. On a broader picture, gold is still strong but a break and close below Rs 27,600 per 10 gms could see further selloff in gold.

Sumeet Bagadia, Head of Commodity and Currency research, Destimoney Commodities says that after a sharp upside rally in gold it now seems prices need to cool off. Till the time prices don