Commodity Mantra Morning Update: Gold lower oil and base metals steady 5th feb 2021

MCX Gold prices fell sharply after a consolidation on the hourly chart. The daily RSI is in a negative crossover. On the lower end support seen at 45500 while on the higher end resistance seen at 47600.

MCX Crude Oil prices witnessed a pause after a series of green candles on the daily chart. The daily RSI is in positive crossover. On the lower end support seen at 3970 while on the higher end resistance seen at 4200.

MCX Copper price has consolidated during the day forming a small bodies candle on the daily timeframe. The daily RSI is in positive crossover. On the lower end support seen at 585 while on the higher end resistance seen at 608.