Commodity Mantra Morning Update: Commodities remain volatile

Here is our technical view on Commodities.

November 05, 2020 07:15 IST India Infoline News Service

MCX Gold slipped below previous swing low on the hourly chart which suggests rise of bearish bets. The daily RSI is in negative crossover. On the lower end support seen at 50400 while on the higher end resistance seen at 51300.
 
MCX Crude oil price remained sideward throughout the session. On the lower end it found support around 2800 whereas on the higher end it faced resistance around 2900. 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 523 while on the higher end resistance seen at 536.

Related Story

Get Access to Stock Reports+ and Customised Investment Ideas