Published on 13/04/2021 5:20:53 PM | Source: Axis Securities Ltd
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CRUDE OIL
MCX Crude oil price has given a bullish breakout, price is expected to trade positively. Sustaining above 4530 next leg of the rally would push the price higher towards 4580/4620 revels in intraday. The price has a ee ania Hy iy, lula ee started trading above 9,21&60 hourly EMA which is a positive sign for the prices.
BUY CRUDE OIL IN THE RANGE OF 4530-4510 SL BELOW 4490 TGT 4580/4620
SILVER
MCX Silver price has given negative breakout from trend line channel, price remains to trade lower. Sustaining below 66700 would drag down the price lower towards 66100/65700 levels in intraday. The momentum indicator RSI is trading at 50 and it is failing to trade above 60 which shows bearishness in the Prices.
SELL SILVER IN THE RANGE OF 66700-56800 SL ABOVE 67300 TGT 66100/65700
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