Commodities are near their record highs ahead of a key euro zone summit and concerns over talks to raise the US debt ceiling. In this scenario, here are the experts’ picks for commodities today. Gold: In commodities pick today, Naveen Mathur of Angel Broking recommend to buy the MCX August contract of gold in the range of Rs 23,000 per 10 grams, with a stop loss of Rs 22,900 per 10 grams with a target of Rs 23,200-23220 per 10 grams levels. Lead: Kishore Narne, VP of Anand Rathi Commodities suggests buying lead at around Rs 118.5-119 per kg levels with stop loss placed at Rs 117.80 per kg. According to him, one can look for a short term target close to Rs 121 per kg and Rs 122 per kg levels. Nickel: Nickel looks in a trading range of Rs 1052 per kg on the lower side to Rs 1075-1080 per kg on the higher side. According to Ashish Shah of Sushil Global Commodities, as long as this band does not break this commodity will continue to remain in a trading range. For the day, the strategy would be to buy at dips around Rs 1052 per kg with a stop and reverse of Rs 1050 per kg with an upside target of about Rs 1075-1077 per kg. Crude oil: Ashish Shah also focuses on crude oil, which looks like it’s trading in the range of Rs 4280-4325 per barrel on the lower side and about Rs 4385-4390 per barrel on the higher side. Shah recommends buying in this range of Rs 4320-4300 per barrel, to go ‘long’ with a stop loss below Rs 4285 per barrel. He maintains a target of about Rs 4400-4420 per barrel.

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