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SILVER

Silver prices drifted lower in last session after prices broke the strong support zone of 68600 and drifted lower towards 67800 level. Prices recovered in the evening session and closed around 68300 level and it has formed hammer candle on daily chart which is a reversal candle. Traders can buy Silver above 68600 for the target of 68600 on intraday basis.

BUY SILVER ABOVE 68600 SL BELOW 68300 TGT 68900/69200

CRUDE OIL

Crude oil prices edged lower in last trading session after prices broke the strong support zone of 7600 and it closed around 7381 level. Overall trend has turned negative for prices as it is trading below 20 and 60 days EMA. Rallies towards 7600 can be used as an buying opportunity for the target of 7500 on intraday basis.

SELL CRUDE OIL AROUND 7600 SL ABOVE 7650 TGT 7500/7460

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