MCX Crude Oil price has remained sideward for the session as price consolidates for the third consecutive day. The daily 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 4850. On the lower end price may find support around 4660.
MCX Copper price has moved above previous consolidation on the hourly chart. However, price has found resistance around 730 leading to a correction towards 720. Daily RSI is in positive crossover. The trend may remain positive as long as price sustains above 720. On the higher end resistance seen at 730. A breakout above 730 may induce further rally towards 740/760.