Commodity Mantra Morning Update: Commodities remain range bound

Here is our technical view on Commodities.

Oct 27, 2020 07:10 IST India Infoline News Service

Commodities
MCX Gold price found resistance around previous swing high on the hourly chart. The hourly RSI is in negative crossover. On the lower end, support seen at 50500 while on the higher end, resistance seen at 51200.

MCX Crude oil price has slipped below previous consolidation on the daily chart. The daily RSI is in negative crossover. On the lower end, support seen at 2770 while on the higher end, resistance seen at 2945.

MCX Copper price has moved above previous swing high. The hourly RSI is in positive crossover. On the lower end, support seen at 537 while on the higher end, resistance seen at 547.

Related Story