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Crude Oil

MCX Crude oil price has given a bullish breakout, price is expected to trade positively. Sustaining above 5390 would push the price higher towards 5560/5600 levels in coming days. The price has started treding above 9,21&60 hourly EMA which is a positive sign for the prices.

BUY CRUDE OIL IN THE RANGE OF 5387-5377 SL BELOW 5250 TGT 5560/5600

Silver

MCX Silver price has given negative breakout from descending triangle pattern, price is expected to trade negatively. Sustaining below 66000 would drag the price lower towards 65500/65200 levels intraday. The momentum indicator RSI is trading at 37 it shows bearishness in the prices.

SELL SILVER BELOW 66000 SL ABOVE 66400 TGT 65500/65200

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