MCX Crude Oil price has moved up above the previous consolidation on the daily chart indicating a short tern bullishness. The daily RSI is in positive crossover. Going forward, the bias is likely to remain positive; on the higher end price may move towards 4950-5000. On the lower end price may find support around 4600.
MCX Copper price has moved above previous consolidation on the daily chart indicating a bullishness in the short term. Daily RSI is in positive crossover. The trend may remain positive as long as price sustains above 695. A decisive breakout above 710 may induce further rally towards 725.