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Spices
Cardamom prices at MCX Aug contract traded sideways on weak demand by traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 800-775 and either side break out will give clear direction to the prices.
Plantation
NMCE Rubber Aug contract traded up on short covering from traders. It is likely to trade sideways in next trading session. Trading range for next trading session is seen between 12000-11650 and either side break out will give clear direction to the prices.
Precious Metals
The U.S. Institute for Supply Management's index of national factory activity slipped to 52.7 in July, falling short of expectations that it would match last month's reading of 53.5. But being above 50 shows the U.S. manufacturing sector continues to expand.
Base Metals
At Multi Commodity Exchange (MCX), Crude Oil futures is likely to trade on a bearish note today, Intraday support for MCX Copper for delivery in August is seen around 328. Intraday resistance for the red metal is likely to be seen at 336.
Energy
At India's Multi Commodity Exchange (MCX), Crude Oil futures is expected to trade on a bearish note today. Intraday support for MCX Crude Oil for delivery in August is placed at 2900 while 2960 is the resistance for the same.