Buy Crude Oil Above 6320 SL Below 6270 TGT 6380/6400 - Axis Securities
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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
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