IGI Logo

Crude oil

MCX Crude oil price has given a bullish breakout from the expanding triangle pattern, price is expected to trade positively. Sustaining above 6320 would push the price higher towards 6380/6400 levels intraday. The momentum indicator RS] is trading at 63 and it is forming higher highs formation which is bullishness in the prices.

BUY CRUDE OIL ABOVE 6320 SL BELOW 6270 TGT 6380/6400

Silver

MCX Silver price is trading near the strong support level, price is expected to trade negatively. Any breakdown below 64000 would drag the price lower towards 63300/63000 levels intraday. The 60 hourly EMA has crossed over 100 hourly EMA which is negative sign for the prices.

SELL SILVER BELOW 64000 SL ABOVE 64500 TGT 63300/63000

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer