Commodity Mantra Morning Update: All commodities trade steady

Here is our technical view on Commodities.

Jan 15, 2021 07:01 IST India Infoline News Service

Commodities
MCX Gold prices fell below previous consolidation on the daily chart. The hourly RSI has entered in a negative crossover. On the lower end support seen at 48600 while on the higher end resistance seen at 49550.

MCX Crude Oil prices consolidated around the recent high. However, the bias remains positive for the near to short term. The hourly RSI is in positive crossover. On the lower end support seen at 3780 while on the higher end resistance seen at 3980.

MCX Copper price remained in sideward pattern. The daily RSI is in positive crossover. On the lower end support seen at 597 while on the higher end resistance seen at 622.

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