Commodity Mantra Morning update: Gold volatile, Oil steady base metals sideward - 12 Jan

MCX Gold prices slipped after a upward consolidation on the hourly chart. The hourly RSI has entered in a negative crossover. On the lower end support seen at 48700/48500 while on the higher end resistance seen at 49350.

MCX Crude Oil prices consolidated around 3900. The daily RSI is in positive crossover. On the lower end support seen at 3750 while on the higher end resistance seen at 3980.

MCX Copper price daily has formed a bullish harami on the daily chart. The daily RSI is in positive crossover. On the lower end support seen at 597 while on the higher end resistance seen at 622.