Gold has not touched previous low of USD 1180 per ounce and higher lows have been formed. It is probably indicating some selling exhaustion and that could indicate upside, commodity expert, NS Ramaswamy, Ventura Commodities said.
 
                                                                                            Ventura Commodities expect July MCX contract to see levels close to Rs 6,100-6,120 per barrel with a stop loss of Rs 6,010 per barrel.
 
                                                                                            NS Ramaswamy of Ventura Commodities believes that the US consumer confidence data or the housing data is building up more pressure on the bullion pack.
 
                                                                                            Commodity experts are upbeat on crude and silver, they advise selling them. However, they expect silver to rally.
 
                                                                                            NS Ramaswamy of Ventura Commodities expects a rebound in gold and silver prices from present levels.
 
                                                                                            NS Ramaswamy, head commodities, Ventura Commodities says he expects the range in gold prices to be between USD 1410 and USD 1485. given the fact that the G7 meeting is being held in UK and also the way the trade deficit has narrowed in US, these factors are probably giving a bit of support for dollar and then weakness in gold is expected.
 
                                                                                            In an interview to CNBC-TV18, NS Ramaswamy, Head CRM & Commodities at Ventura Commodities Pvt Ltd shared his outlook on gold and crude.
 
                                                                                            In an interview to CNBC-TV18, NS Ramaswamy, Head Commodities at Ventura Commodities spoke about recent trends in commodity markets and shared trading strategies on gold and crude.
 
                                                                                            NS Ramaswamy, Head CRM & Commodities at Ventura Commodities recommends buying gold and silver around current levels. He says, "Today we expect gold to see levels of Rs 29,720 per 10gm to probably close to Rs 29,850 per 10gm with a stop loss of Rs 29,400 per 10gm". He also suggests selling copper and nickel on an intraday basis.
 
                                                                                            NS Ramaswamy of Ventura Securities advises buying gold above Rs 29,450 per 10gm with targets of Rs 29,600 per 10gm and Rs 29,650 per 10gm with a stop loss of Rs 29,300 per 10gm.
 
                                                                                            Dharmesh Bhatia of Kotak Commodities recommends selling crude at Rs 5,025-5,035 per bbl with stop loss of Rs 5,069-5,089 per bbl and target of Rs 4,915-4,900 per bbl.
 
                                                                                            Priyank Upadhyay of SSJ Finance & Securities suggests buying crude at Rs 4,970 per bbl with stop loss below Rs 4,930 per bbl and pullback rally expected to Rs 5,030-5,050 per bbl.
 
                                                                                            Renisha Chainani of Edelweiss suggests buying copper at Rs 443 per kilogram with a stop loss at Rs 441 per kilogram and a target range of Rs 445-446 per kilogram.
 
                                                                                            NS Ramaswamy of Ventura Securities recommends selling MCX silver December contract below Rs 62,400 per kilogram. Ramaswamy says, "Place a stop loss for this trade at Rs 62,800 per kilogram for target price of Rs 61,700-61,500 per kilogram."
 
                                                                                            Renisha Chainani of Edelweiss recommends buying silver on MCX at around Rs 61,500-61,600 per kilogram. Chainani says, "Place a stop loss for this trade at Rs 61,100 per kilogram for upside targets of Rs 62,000-62,500 per kilogram."
 
                                                                                            Renisha Chainani of Edelweiss recommends buying gold on MCX on dips to around Rs 31,660-31,680 per 10 grams. Chainani says, "Place a stop loss for this trade at Rs 31,610 per 10 grams for an upside target of Rs 31,750-31,800 per 10 grams."
 
                                                                                            NS Ramaswamy, Head Commodities, Ventura Securities recommends copper MCX Nov to be bought at Rs 433-435 per kilogram with a stop loss of Rs 431 per kilogram and can look out for the target of Rs 438-442 per kilogram.
 
                                                                                            NS Ramaswamy, head of commodities at Ventura Securities asks investors to buy COPPER MCX NOV at a Stop Loss of Rs 432; he recommends a buy in the range of Rs 434-436 with the target of Rs 442-445.
 
                                                                                            NS Ramaswamy, Ventura Securities of recommends buying crude MCX September contract above Rs 5,275 per barrel. He advises this with a target of Rs 5,345 per barrel and beyond that, on an intraday, to Rs 5,380 per barrel.
 
                                                                                            Kunal Shah, Nirmal Bang Commodities believes that crude still looks weak. He saw a massive built up in inventory for crude oil yesterday and feels that oil prices are likely to go down. He advocates going short in MCX crude oil at Rs 5,325 per barrel with a stop loss of Rs 5,375 per barrel for target levels of Rs 5,240 per barrel.
 
                                                                                            Renisha Chainani of Edelweiss expects crude oil prices to move up from here. At MCX she advises buying crude oil around Rs 5,420 per barrel with a stop loss of Rs 5,395 per barrel and target of Rs 5,460 per barrel for intraday traders.
 
                                                                                            Renisha Chainani of Edelweiss feels that at comex, gold has given a breakout of its three months range of USD 1530-1630 per ounce. She expects prices to continue till USD 1700 per ounce in one or two days.
 
                                                                                            Kunal Shah of Nirmal Bang Commodities feels that inspite of yesterday‘s correction, there is lot of opportunity and one should go long in silver. So, he recommends going long on silver at Rs 53,500 per kilogram with a stop loss placed below Rs 53,250 per kilogram and he expects prices to move up and test levels of Rs 54,150 per kilogram.
 
                                                                                            NS Ramaswamy of Ventura Securities recommends buying gold below Rs 29,600 per 10 grams levels for a target of Rs 29,725 per 10 grams and beyond that on an intraday basis to Rs 29,900 on expectations of the Bank of England and the European Central Bank rate cuts.
 
                                                                                            Dipen Shah of Stayvan.com believes that on the MCX, due to the appreciation of the Indian rupee there has been a fall in gold prices and he expects more profit bookings and further fall in it.