Crude oil prices are likely to remain sideways to
bearish as the 10 period MA slope has turned down and
MACD is in negative territory. Key resistance for the day is
at $85 while support is at $81.50 at Nymex May contract. At
MCX prices are having key resistance at 4785 for the day
and support is at 4580 for May contract.
Copper prices are expected to remain sideways to
bearish as the 10 period MA slope has turned slightly flat
and MACD is in negative territory while RSI is pointing
down. LME copper prices are having resistance at $7520
and support at $7250. At MCX prices are having resistance
at 417 and support at 407 for the day for June contract.
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