Commodity Outlook: Natural gas heads to a narrow range


Commodity Outlook: Natural gas heads to a narrow range

Bullion counter is seen to buzz big on Monday and natural gas may move with sideways bias, said SMC Global Securities in its daily commodity report.

Here’s a look at the likely trends of the key commodities for Monday.

Base metals
Copper can witness lower level buying as it can take support near Rs 417 while its upside will be capped near Rs 423. London copper eased on Monday, but held above a one-year low hit last week on mounting concerns that escalating trade tariff spats could dent demand. A weaker dollar cushioned losses.

Zinc stares at resistance near Rs 182 and support near Rs 178. Lead can have some relief near Rs 144 and faces a hurdle near Rs 149. Read More

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