Commodity Mantra Morning Update: Gold higher whereas oil and base metals remains steady Dec 9th

MCX Gold prices moved higher after a brief consolidation on the hourly chart. The daily RSI is in a positive crossover. On the lower end support seen at 49700 while on the higher end resistance seen at 50550.

MCX Crude Oil has remained sideward throughout the session. The daily RSI has remained in a positive crossover. On the lower end support seen at 3300 while on the higher end resistance seen at 3420.

MCX Copper price has remained volatile during the day. The overall bias remained positive. The daily RSI is in positive crossover. On the lower end support seen at 584 while on the higher end resistance seen at 602.