MCX Gold remained volatile ahead of fed rate decision. The hourly RSI remains flat below 50. However, price may start in the green today as Fed kept the rates unchanged near zero. Going forward, a decisive move above 45000 may induce a rally towards 45500/45700. On the lower end, crucial support is place at 44400.
MCX Crude Oil has continued to remain lower. Once again, price sustained below 100EMA on the hourly chart. The daily RSI is in negative crossover. On the lower end support seen at 4600; a decisive fall below 4600 may trigger a further fall in the price. On the higher end resistance seen at 4770.
MCX Copper price started marginally higher in the last session and remained positive during the day. However, price has remained below 100EMA on the hourly charts. The hourly RSI is in negative crossover. On the lower end, support seen at 665 while on the higher end resistance seen at 680/685.
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