MCX Crude Oil price remained range-bound during the day. The hourly RSI is in positive crossover. On the hourly chart a consolidation high is placed at 4720. A decisive move above 4720 may induce a rally towards 4900. On the lower end price may find support at 4550.
MCX Copper price started higher and remained positive throughout the session. On the daily chart a large green candle has formed. Daily RSI is in positive crossover. The trend may remain positive as long as it sustains above 730. On the higher end resistance seen at 740/760.