MCX Crude Oil price has remained sideward throughout the session. 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 4900. On the lower end price may find support around 4700/4600.
MCX Copper price has formed a double top around 719 on the hourly chart. Hourly RSI is in negative crossover. The near term trend may remain negative as long as price sustains below 720. On the higher end resistance seen at 720-725. A decisive breakout above 725 may induce further rally towards 740/760.