Commodity Mantra Morning Update: Gold, oil weak while Base Metals trade steady

Here is our technical view on Commodities.

Oct 30, 2020 07:10 IST India Infoline News Service

Commodities
MCX Gold slipped below previous session’s low before closing a bit higher. The daily RSI is in negative crossover. On the lower end support seen at 50000 while on the higher end resistance seen at 50550.
MCX Crude oil price slipped below previous swing low on the daily chart. The daily RSI is in negative crossover. On the lower end support seen at 2600 while on the higher end resistance seen at 2770.

MCX Copper price slipped towards previous consolidation low on the daily chart. The daily RSI is in negative crossover. On the lower end support seen at 525 while on the higher end resistance seen at 533.

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