MCX Crude Oil price remained sideward during the session. Price failed to provide a breakout on either sides of the band resulting a ranged trading during the day. The trend is likely to remain sideward for the day as long as price trades within the range. On the higher end a decisive move above 4500 may induce a rally in the oil price. On the lower end price may find support around 4350; on the higher end resistance seen at 4500.
MCX Copper price has remained sideward throughout the session. On the daily chart, price has been consolidating for the last few sessions. Daily RSI is in negative crossover and rising. The trend may remain sideward as long as price sustains below 696. A decisive breakout above 696 may induce strong rally in the price of copper.