Commodity Mantra Morning Update: Gold weak, Oil sidewards; base metals trade with mixed bias

Here is our technical view on Commodities.

Nov 20, 2020 07:11 IST India Infoline News Service

Commodities
MCX Gold remained volatile with negative bias during the last session. On the lower end it found support around 49700 whereas on the higher end it found resistance around 50200. The hourly RSI is in a negative crossover. On the lower end support seen at 49500 while on the higher end resistance seen at 50300.
MCX Crude Oil price remained volatile within a range throughout the session. The daily RSI has entered in positive crossover. On the lower end support seen at 3030 while on the higher end resistance seen at 3150.
MCX Copper price remained sideward on the hourly chart. The hourly RSI has entered in negative crossover. On the lower end support seen at 538 while on the higher end resistance seen at 550.

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