Cardamom prices at MCX August contract traded sideways on some short covering at lower levels by traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 913-932 and either side break out will give clear direction to the prices.
Rubber prices at NMCE August contract traded firm on short covering at lower levels by traders. It likely to trade firm in next trading session as well on short covering. Trading range for next trading session is seen between 13900-14130 and either side break out will give clear direction to the prices.
US Non-Farm Employment Change and US Unemployment Rate is scheduled at 06.00 PM is expected to be positive for prices. An volatile session is expected in remaining hours of trade. Intraday traders may take position accordingly.
MCX Natural Gas Aug futures prices have an immediate support at 234. Breach below this level could target next support at 230 levels. Intraday resistance is placed at 240 levels. It may extend their gain further and touch 242/243 levels on break of resistance.