MCX Crude Oil price has been consolidating after a strong up move. The hourly RSI is in positive crossover. Going forward, the bias is likely to remain positive as long as price sustains above 4700; on the higher end price may move towards 4950-5000. On the lower end price may find support around 4700/4600.
MCX Copper price has moved above previous consolidation high on the hourly chart indicating continuation of bullishness in the short term. Daily RSI is in positive crossover. The trend may remain positive as long as price sustains above 700. On the higher end resistance seen at 725. A decisive breakout above 725 may induce further rally towards 740/760.