Crude and silver better options than gold today say our Commodity Tips Experts.
On the commodity front, there's a lot happening. The sanctions on Iran and uprisings in Egypt is having an effect on oil prices while a bettering US economy might diminish the uptake of gold.
What our experts have to say on commodity trading for today:
On Crude:
Buy Crude with a target of Rs 4818 and Rs 4841 with stop loss at Rs 4780.
On Silver:
Our experts recommend a sell in MCX Silver March contract around Rs 56411. "Keep a stop loss of Rs 56955 and a target of Rs 55450 for the day.
On Gold:
"The growth in US is much better than estimated and that has reduced expectations of a QE," and suggests a sell on gold on domestic market between Rs 27970 and Rs 28110, stop loss of Rs 28200 and target of Rs 27910-27661.
Monday, February 6, 2012
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