Commodity Mantra Morning update: Metals lower Oil higher 12th Jan 2021

MCX Gold prices consolidated at the lower level. The daily RSI has entered in a negative crossover. On the lower end support seen at 48800 while on the higher end resistance seen at 49600/49900.

MCX Crude Oil prices consolidate on the hourly chart before going higher. On the daily chart, price has sustained above the previous consolidation. The daily RSI is in positive crossover. On the lower end support seen at 3750 while on the higher end resistance seen at 3960.

MCX Copper price slipped below previous swing low on the hourly chart. The daily RSI is in negative crossover. On the lower end support seen at 595 while on the higher end resistance seen at 615.