Commodity Mantra Morning Update: All commodities trade with volatility

Here is our technical view on Commodities.

December 24, 2020 7:15 IST India Infoline News Service

MCX Gold prices has moved up after a downward consolidation. The hourly RSI is in bullish crossover. On the lower end support seen at 49900 while on the higher end resistance seen at 50550.

MCX Crude Oil price has moved up after a downwards consolidation. The daily RSI is in positive crossover. On the lower end support seen at 3500 while on the higher end resistance seen at 3650.

MCX Copper price has formed double bottom around 590. The daily RSI is in positive crossover. On the lower end support seen at 597 while on the higher end resistance seen at 607/610.

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