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Crude Oil declined in the session ending 8 Feb 2017 and ended with correction to the tune of 2.15%. The prices of Crude Oil ended the session at INR 3502 per barrel, up INR 77. The benchmark expiry contract of Crude Oil tested a high of INR 3586 per barrel. A low of INR 3495 per barrel was registered during the day. Losses in Crude Oil can take prices towards Rs 3586 and 3495 per barrel. On the higher side Rs 3600 and 3620 per barrel are the noted resistances. 

Copper ended the session on 7 Feb 2017 at INR 391 per kg. The prices tested a high of INR 394.55 per kg and a low of INR 390.30 per kg. Technical charts suggest that breach below INR 394.55 per kg will be damaging for Copper. Indian Copper were not able to breach important support levels of Rs 395 on Tuesday and therefore remained silent below those levels. Further appreciation from here can take prices close to INR 395 and 398 per kg. On the lower side Rs 390 and 388 per kg are supports. The ideal strategy can be to buy Copper on declines. Sharp gains is expected in Copper with opening near Rs 400 and 402 per kg.