MUMBAI (Commodity Online): Base metals in MCX may witness some selling pressure tracking subdued international markets but on domestic bourses sudden weakness in rupee which again went pass 53.80 will give support to the prices.
Copper can trade in range of 434-440 in MCX while Lead can trade in range of 113-114.5 in MCX while Zinc may move in range of 99.5-101.Nickel can move in range of 900-925 in MCX while aluminium may move in range of 105-107 in MCX.
Copper slipped on Friday, hurt by a weak euro on concerns about the euro zone debt crisis and uncertainty about the outlook for demand from top user China.
Crude oil counter can open on negative note and may trade in the range of 4800-4950. Crude for November delivery fell $2.05,.or 2.2 percent, to settle at $90.05 a barrel on the New York Mercantile Exchange, the biggest decline since Oct. 3 as raising concern that slowing economic growth will reduce oil demand. Natural gas may trade in range of 194-200 in MCX.