Buy Silver Above 62100 SL BELOW 61600 TGT 62700/63400 - Axis Securities
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CRUDE OIL
MCX Crudeoil opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Crudeoil breaks and sustains below 8700 level it would witness selling pressure which would drag It towards 8500- $400 levels. Important resistance for the day are placed at 8850 levels.
SELL CRUDEOIL BELOW 8700 SL ABOVE 8850 TGT 8500/8400
SILVER
MCX Silver opened with a downward gap but witnessed buying from the day's low. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. The price is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend.
BUY SILVER ABOVE 62100 SL BELOW 61600 TGT 62700/63400
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