Commodity Mantra Morning Update: Gold and Crude oil remained strong Dec 03

MCX Gold prices witnessed a strong recovery; on the daily chart, a big green candle has formed. The daily RSI is in a positive crossover. On the lower end support seen at 48700 while on the higher end resistance seen at 49150.

MCX Crude Oil on the daily chart has formed and bullish engulfing pattern. The daily RSI has entered in positive crossover. On the lower end support seen at 3200 while on the higher end resistance seen at 3430.

MCX Copper price remained volatile during the session. The overall bias remained positive. The daily RSI is in positive crossover. On the lower end support seen at 579 while on the higher end resistance seen at 595/600.