MCX crude may edge higher; guar gum may trade in a range
Here’s a look at the how the key commodities are likely to perform in today’s trade:
Crude oil: It can take support near Rs 4,780 and may move higher to Rs 4,860 on MCX. The United States demanded all countries stop imports of Iranian oil from November, Reuters reported.
Bullion Counter: Gold can take support near Rs 30,400 and can face resistance near Rs 30,700 on MCX. Meanwhile, silver can take support near Rs 39,400 and may face resistance near Rs 39,900.