Bullions: Bullion counter on MCX may remain sideways with weak bias. On domestic bourses Gold can trade in range of 30,900-31,250 while Silver can trade in range of 58,800-60,000 in near term.
Base Metals: Base metals counter may trade with weak bias but some short covering at lower levels cannot be denied. Copper can trade in range of 425-435 in MCX while Lead can trade in range of 109-112 in MCX while Zinc may dip lower and can test 96 in near term while Nickel may slump further lower and can test 875 in MCX. Aluminium may move in range of 103-105 in MCX. Copper hit the lowest in more than a month on Monday after a bigger than expected fall in Japan's exports.
Energy: Crude oil counter can trade in thin range as investors will eye the API inventory report scheduled today. Overall it may trade in mixed range of 4,700-4,950. Natural gas may further tumble lower and can test 183-182 in MCX on weather concerns.
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