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Published on 27/02/2020 10:29:23 AM | Source: Axis Securities Ltd

Sell Crude Oil Around 3600 SL Above 3630 TGT 3570/3550 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Silver

Silver price traded volatile in last trading session. Prices corrected down till 46400 level after it broke the strong support zone of 47100 on intraday basis. On hourly chart strong support zone can be seen near 46500 level where prices have formed doji candlestick pattern followed by a green candle. Traders can buy Silver above 46600 level for the target of 46900 on intraday basis.

BUY SILVER ABOVE 46600 SL BELOW 46300 TGT 46900/47200

 

Crude oil

Crude oil price corrected in last session after prices broke the strong support zone of 3600 levels and drifted lower towards 3540 levels. Prices is facing strong resistance zone around 3600 level. Overall trend is looking negative for prices as it is trading below 9 and 20 days EMA and hourly chart RSI is below 60 level which indicate low momentum in prices. An rallied up till 3600 can be used as an selling opportunity.

BUY CRUDE OIL AROUND 3670 SL BELOW 3640 TGT 3700/3730

 

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