Commodity Mantra Morning Update: All commodities trade with volatility Today 25th Dec 2021

MCX Gold prices has made a double bottom around 48700 on the hourly chart and moved up higher. The hourly RSI is in a positive crossover. Bias remains positive as long as price sustains above 49000. On the lower end support seen at 48600 while on the higher end resistance seen at 49500.

MCX Crude Oil prices made a double top around 3950 and slipped lower towards 3750. The hourly RSI is in positive crossover. On the lower end support seen at 3750 while on the higher end resistance seen at 3960.

MCX Copper price slipped lower after a consolidation on the hourly chart. The hourly RSI is in positive crossover. The bias is likely to remain weak as long as price sustain below 616. On the lower end support seen at 595 while on the higher end resistance seen at 616/621.