Gold to remain rangebound, copper setup bearish
Here’s a look at how key commodities are likely to fare in today’s session:
Crude Oil: Crude oil may witness some profit booking at higher levels amid higher output from Russia, the US and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline, says SMC Global Securities in its research report.
Natural Gas: Natural gas can trade with sideways bias as it can take support near Rs 202 and resistance near Rs 207.
Base metals: Copper can take support near Rs 449 and resistance near Rs 458. Zinc can take support near Rs 199 and resistance near Rs 203, while lead can take support near Rs 165 and can face resistance near Rs 169.