Commodity Mantra Morning update: Gold Oil steady while Base Metals trade sideward

Here is our technical view on Commodities.

January 14, 2021 1:50 IST India Infoline News Service

MCX Gold prices remained on the hourly chart. The hourly RSI has entered in a negative crossover. On the lower end support seen at 48900 while on the higher end resistance seen at 49550.
MCX Crude Oil prices found resistance around 3980. Price made lower top on the hourly chart. The daily RSI is in negative crossover. On the lower end support seen at 3750 while on the higher end resistance seen at 3980.

MCX Copper price remained in sideward pattern. The daily RSI is in positive crossover. On the lower end support seen at 597 while on the higher end resistance seen at 622.

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