Commodity Mantra Morning Update: Gold weak base metal and oil remain steady - February 16, 2021

February 16, 2021

MCX Gold prices remained sideward throughout the session. On the lower end price found support above 47000 whereas on the higher end price found resistance around 47600. The daily RSI is in a negative crossover. On the lower end support seen at 47000 while on the higher end resistance seen at 48200.

MCX Crude Oil price has moved above previous consolidation on the daily chart. During the day price remained sideward after a gap up start. The daily RSI is in positive crossover. On the lower end support seen at 4280 while on the higher end resistance seen at 4450.

MCX Copper price has moved above previous consolidation on the daily chart. During the day price remained sideward after a gap up start. The daily RSI is in positive crossover. On the lower end support seen at 635 while on the higher end resistance seen at 652.