Commodity Mantra Morning Update: Gold, Oil steady while Base Metals trade higher

Commodity Mantra Morning Update: Gold, Oil steady while Base Metals trade higher

MCX Gold remained choppy throughout the day. On the lower end it found support around 50600 whereas on the higher end it found resistance around 51000. The hourly RSI is in a positive 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 positive crossover. On the lower end support seen at 3000 while on the higher end resistance seen at 3150.

MCX Copper price has remained sidewards during the last session. The hourly RSI has entered in negative crossover. On the lower end support seen at 538 while on the higher end resistance seen at 550.