Published on 23/11/2020 5:26:46 PM | Source: Axis Securities Ltd
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Silver
MCX Silver price is trading under a descending triangle pattern,price is expected to trade negatively.Any breakdown below 61300 would drag down the price lower towards 60700/60300 levels in intraday.Price has started trading below 20&60 hourly EMA which is a bearish sign for the prices.
SELL SILVER BELOW 61300 SL ABOVE 61700 TGT 60700/60300
Crude oil
MCX Crude oil price has given positive breakout from ascending triangle pattern,price is expected to trade positively.Any breakout above 3220 would push the price higher towards 3270/3300 levels in intraday. The momentum indicator RSI is trading at 69 it shows bullishness in the price.
BUY CRUDE OIL ABOVE 3220 SL BELOW 3190 TGT 3270/3300
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