MCX Crude Oil price started the day with a decent gain but failed to capitalise the early gain as the crude oil ended the session with a marginal gain. However, the near term bias is likely to remain bullish as long as price sustains above 4300. On the lower end support seen at 4300; on the higher end resistance seen at 4500.
MCX Copper price started lower and remained a bit range-bound during the day. The daily RSI is in negative crossover. The overall bias is bullish for the short term; however, over the near term the orange metal may remain in consolidation. On the lower end support seen at 688 while on the higher end resistance seen at 725.