Commodity Mantra Morning Update: Gold Oil steady while Base Metals trade mostly higher

Here is our technical view on Commodities.

December 29, 2020 7:20 IST India Infoline News Service

MCX Gold prices has remained volatile throughout the session. The daily RSI is in bearish crossover. On the lower end support seen at 49700 while on the higher end resistance seen at 50550.

MCX Crude Oil price has remained sideward during the session. The daily RSI is in negative crossover. On the lower end support seen at 3470 while on the higher end resistance seen at 3600.

MCX Copper price has traded with negative bias after opening in the green. The hourly RSI is in negative crossover. On the lower end support seen at 598 while on the higher end resistance seen at 613.

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