Commodity outlook: Most metals gain; here’s how others may trade today
Summary
More than 2,100 people have died from the coronavirus in China, with eight deaths in other countries but not including the two from the quarantined cruise ship in Japan. Copper, on the other hand, was down 0.24 per cent to Rs 430.25.Here is how SMC Global expects commodities to fare today:Bullion counters can trade on a volatile path. Jeera futures (March) are expected to face resistance near Rs 13,770-13,890 and trade with a downside bias. Mustard futures (April) are expected to trade with a bearish bias and move lower to test Rs 3,975-3,930. Guar seed (March) will probably trade sideways in the range of Rs 3,800-3,850, while guar gum (March) may face resistance near Rs 6,700 and trade with a downside bias.
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