Commodity Mantra Morning Update: Gold, Crude Oil remain sideways whereas metals remain positive

Commodity Mantra Morning Update: Gold, Crude Oil remain sideways whereas metals remain positive

MCX Gold remained highly volatile throughout the day. On the lower end it found support around 50200 whereas on the higher end it found resistance around 51000. The hourly RSI is in a negative crossover. On the lower end support seen at 50200 while on the higher end resistance seen at 51000/51400.

MCX Crude Oil price remained volatile throughout the session. The hourly RSI has entered in negative crossover. On the lower end support seen at 3000 while on the higher end resistance seen at 3150.

MCX Copper price has moved above previous swing high which suggests rise in optimism. The hourly RSI has entered in positive crossover. On the lower end support seen at 540 while on the higher end resistance seen at 552.