Commodity Mantra Morning Update: All commodities trade higher

Here is our technical view on Commodities.

November 04, 2020 07:10 IST India Infoline News Service

MCX Gold moved above previous consolidation on the daily chart which suggests rise of bullish bets. The daily RSI is in positive crossover. On the lower end support seen at 51250 while on the higher end resistance seen at 51900.
MCX Crude oil price moved above previous session’s high on the daily chart. The daily RSI is in positive crossover. On the lower end support seen at 2740 while on the higher end resistance seen at 3000.

MCX Copper price remained sideward throughout the session. The daily RSI is in positive crossover. On the lower end support seen at 525 while on the higher end resistance seen at 537.

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