Commodity outlook: Crude oil, mustard seeds likely to trade higher
Here’s a look at how key commodities are likely to fare in today’s trade:
Base metals: Copper can take support near Rs 430 and face resistance near Rs 442.
Zinc can take support near Rs 184 and resistance near Rs 190 while lead can take support near Rs 158 and can face resistance near Rs 163, says SMC Global Securities.
Natural gas may trade with sideways bias as it can take support near Rs 193 and resistance near Rs 197 in MCX.
Soybean futures (July) is expected to consolidate in the range of Rs 3,500 – Rs 3,570 levels and trade with an upside bias.