Commodity Mantra Morning Update: Gold sidewards, Oil steady while Base Metals consolidate

Here is our technical view on Commodities.

Oct 28, 2020 07:10 IST India Infoline News Service

Commodities
MCX Gold price remained volatile within a small range throughout the day. The hourly RSI is in positive crossover. On the lower end, support seen at 50700 while on the higher end, resistance seen at 51100.

MCX Crude oil price moved above previous swing high on the hourly chart. The hourly RSI is in positive crossover. On the lower end, support seen at 2870 while on the higher end, resistance seen at 2990.

MCX Copper price remained in a small range during the session. The hourly RSI is in negative crossover. On the lower end, support seen at 526 while on the higher end, resistance seen at 535.

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