Commodity Mantra Morning Update: Gold, Oil steady; Base Metals trading higher

Here is our technical view on Commodities.

Oct 15, 2020 07:10 IST India Infoline News Service

Commodities
Gold
MCX Gold price moved above the previous consolidation high on the hourly timeframe. The hourly RSI is in the positive crossover. On the lower end support seen at 50,200 while on the higher end resistance seen at 50,850.

Oil
MCX Crude oil price moved above the previous swing high on the hourly chart. The hourly RSI is in a positive crossover. On the lower end support seen at 2,930 while on the higher end resistance seen at 3,100.

Base Metals
MCX Copper price remained sideward throughout the previous session. The hourly RSI is in a positive crossover. On the lower end support seen at 520 while on the higher end resistance seen at 530.

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