MCX Crude Oil started around previous session’s close and moved above previous session’s high. The daily RSI is in positive crossover. The bias is likely to remain positive as long as price stays above 4700. On the higher end price may move towards 4900.
MCX Copper price found resistance around the recent high and slipped lower. On the lower end price slipped below 760. Daily RSI is in negative crossover. However, the short term trend may remain positive as long as it sustains above 755. On the higher end resistance seen at 765-770.