Commodity Mantra Morning Update: Gold slipped while oil and base metals remained sidewards

Here is our technical view on Commodities.

December 10, 2020 7:18 IST India Infoline News Service

MCX Gold prices moved lower after a consolidation on the hourly chart. The daily RSI is in a negative crossover. On the lower end support seen at 49000 while on the higher end resistance seen at 49700.

MCX Crude Oil has remained sideward throughout the session. The daily RSI has remained in a negative crossover. On the lower end support seen at 3300 while on the higher end resistance seen at 3420.

MCX Copper price has remained sideward during the day. The overall bias remained positive. The daily RSI is in positive crossover. On the lower end support seen at 587 while on the higher end resistance seen at 600.

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