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Spices
Cardamom prices at MCX June contract traded firm due to short covering from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 830-840 and either side break out will give clear direction to the prices.
Plantation
Rubber prices at NMCE June contract traded firm on short covering from traders. It is likely to trade firm in next trading session as well on short covering. Trading range for next trading session is seen between 12700-12800 and either side break out will give clear direction to the prices.
Precious Metals
MCX Silver futures is also likely to trade on a sideways note today. For intraday, support for MCX Silver July contract is seen at 38000. Resistance for the commodity is likely to be seen at 38530levels.
Base Metals
Copper for delivery in June at Multi Commodity Exchange (MCX) is expected to trade on a sideways to bearish note today. Support for MCX Copper June contract is seen at 383.8 while 391.7 is the resistance for the same.
Energy
At Multi Commodity Exchange (MCX), Crude Oil for delivery in June has an intraday support of 3760. Intraday resistance for the commodity is likely to be seen around 3880 levels.