Strategy for crude, gold and copper : Sushil Global Commodities
Saravanan K of Sushil Global Commodities spoke about his strategy for crude, gold and copper.
Saravanan K of Sushil Global Commodities spoke about his strategy for crude, gold and copper.
Q: You are bearish on gold today?
Q: Do you have a buyout on gold today?
Q: What about gold?
Q: You have got a bullish trade on gold today?
Q: You have got a sell on crude today?
Q: Are you buying gold today?
Q: Are you buying crude today?
Q: You have got a sell out on gold this morning?
In an exclusive interview with CNBC-TV18, NS Ramaswamy, Ventura Securities, speaks about variouscommodities and gives his outlook going forward.
In an exclusive interview with CNBC-TV18, T Gnanasekar, Director, Commtrendz Research and Fund Management, speaks about various commodities and gives his outlook going forward.
COPPER : The fall on international markets from USD 8043 per tonne to USD 6037 per tonne, copper has again rallied to USD 6600-6800 levels. This suggest that there is some sort of consolidation taking place in the international LME markets and is likely to continue for some more time. On a long-term basis, it’s still bullish but some sort of correction might take place in the Indian market because of the rupee volatility. On copper, I still maintain that between Rs 303.50 and Rs 304.50 per kg you can buy with a stop loss of Rs 303.50 per kg for a target of Rs 308.50-309.50 per kg, which can be seen in the next 2-3 days.
Strategy on crude, copper, gold and silver :
CRUDE : I would like to be on the bearish side for the market because the demand for crude oil is not that happening and on the other hand there is a wide expectation of an inventory build-up in US which will create a bearish pressure on crude. Yesterday the API figures were high and it’s very much likely today that DOE (Department of Energy) figures would follow-through the same pattern and that would create bearishness in the market. I would rather be selling crude somewhere close to USD 75-76 per bbl, targeting USD 72-71 per bbl on the lower side.
CRUDE : Crude is still expected to test USD 79.5-80 per barrel. Basically, it has opened up with a gap this morning so you can see some profit booking from current levels. A good optimum level to buy is somewhere between, Rs 3500-3520 that is approximately USD 77.5 per barrel with an upside to USD 80-80.5 per barrel. So would wait till crude comes to Rs 3500 and then buy at those levels with a stop loss of Rs 3460.
Strategy on Gold,Crude,Copper :
Strategy on gold,copper,crude :
In an interview with CNBC-TV18, Kaushal Jani of Dani Commodities gave his strategy on crude, gold, silver and copper
GOLD : Still quiet bullish on that commodity. After the downgrade in rating of Greece etc, the investment demand for gold has picked up quite nicely and that is continued to support the commodity on the higher side and it may continue to trade higher.
Gold should be heading towards the Rs 19,000 per 10gm mark quite soon enough maybe another 5 or 10 days time. It may even test Rs 19,100 per 10gm which it did earlier. For a trading basis, I think it is better to buy gold somewhere close to Rs 18,500-18,550 per 10gm would be good level to go along targeting Rs 19,100 per 10gm.
Even the gains in the SPDR, ETFs and the investment demand is likely to push gold on the higher side eventually.
Strategy on how to trade gold, crude :
Strategy On Nickel,Crude,Copper :
Outlook on Gold,Crude,Copper,Nickel :
Strategy on gold, silver, copper and nickel :
Strategy on Copper,Gold,Crude :
Strategy on Copper,Crude,Gold :
Strategy On Gold,Copper,Crude :
Strategy on Gold,Crude,Copper :
Strategy on Crude,Gold,Copper :
See support for crude at $70/bbl
As per our previous recommendation dated May 25, 2010 of going Long on MCX June Gold, of Rs 18,800 has been achieved, said Dharmesh Bhatia, senior technical analyst, Kotak Commodity Services.
Strategy on gold, crude, copper and nickel :
Strategy on crude and gold :