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SILVER

Silver prices edged higher in last session after it broke the resistance zone of 62300 and touched 63200 on intraday basis. On hourly chart it is trading above 9 and 20 days EMA and RSI is also above 60 level which indicate that mometum is strong for prices. Any dips around 62500 is a good opportunity to buy silver for the target of 62800 on intraday basis.

BUY SILVER AROUND 62500 SL BELOW 62200 TGT 62800/63200

Crude Oil

Crude oil prices touched new 7 year high on last session on demand and supply fear. Technically speaking short term trend is bullish for prices as it is trading above 9 and 20 days EMA and rsi is also above 70 level. Any dips around 6300 is a good opportunity to buy Crude oil for the target of 6330 on intraday basis.

BUY CRUDE OIL AROUND 6300 SL BELOW 6270 TGT 6330/6360

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