MCX Crude Oil price remained volatile during the session. On the daily chart, price formed a long legged doji which is often a reversal. The daily RSI is in negative crossover. Going forward, the bias is likely to remain sideward to negative as long as price sustains below 4660; on the lower end price may move towards 4500 over the near term. On the higher end price may find resistance 4660/4800.
MCX Copper price has remained sideward during the session. Price has made a lower top on the hourly chart. Hourly RSI is in negative crossover. The trend may remain sideward to negative as long as it sustains below 730. On the lower end support exists at 720. On the higher end resistance seen at 730. A breakout above 730 may induce further rally towards 740/760.