MCX Crude Oil slipped below previous swing high on the hourly chart. The daily RSI is in negative crossover. The bias is likely to remain negative as long as price stays below 4800. On the lower end price may move towards 4550 whereas on the higher end resistance is placed at 4800/4900.
MCX Copper price remained volatile for the day as price traded within a bands of 751 and 764. On the lower end price formed double bottom around 751. Daily RSI is in negative crossover. However, the price may recover if sustains above 750 in the near term. On the higher end resistance seen at 765.