Buy Crudeoil Above 8400 SL BELOW 8250 TGT 8600/8700 - Axis Securities
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Crude Oil
MCX Crudeoil opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Crudeoil crosses and sustains above 8400 level it would witness buying which would push It towards 8600-8700 levels. Important support for the day is around $100.
BUY CRUDEOIL ABOVE 8400 SL BELOW 8250 TGT 8600/8700
Silver
MCX Silver opened sharply lower with a downward gap and traded with extreme volatality throughout the session. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. Silver continuous to remain in a downtrend in the short to medium term so selling on rallies continues to be our preferred strategy
SELL SILVER BELOW 59100 SL ABOVE TGT 58500/58000
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