The crude oil prices witnessed a two month low in the New York session on Wednesday and there is buy on all dips.

US oil production has seen a record high and exports are hitting records as well. The market has also seen a buildup in the inventories.

Petrochemical giant Saudi Aramco has increased the crude oil prices for Asian consumers to the highest in four years, looking at the strong demand and that seems to be adding premium to those prices.

Gold and silver prices have been quite choppy as well. There are also reports on Europe buying gold on lower levels and there is some buying that is trickling in from the Middle East as well. So good physical buying is something that is positive.

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Aluminium, Nickel, zinc

around at a five month high. Gains have been much higher in Shanghai than in London Metal Exchange (LME), but Indian market is taking cue from both of that.

Aluminium prices have been gaining because of the shortage in supply reports and the best of gains have come in for lead prices. It is trading at an 18-month high in Shanghai. Nickel and zinc has been good performers as well.

Kedia Commodity recommended buying copper and zinc.