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SILVER

Silver prices edged lower in last trading session after prices broke the level of 66500 and drifted lower towards 65500 level on intraday basis. Immediate support zone for prices can be seen around 65500 level which is a good buying prices for Silver as on daily chart prices has formed hammer candlestick pattern near the bottom of the rally indicating possilbe reversal from 65500 level up till 65800 level.

BUY SILVER AROUND 65500 SL BELOW 65200 TGT 65800/66200

CRUDE OIL

Crude oil prices corrected in last trading session as failed to sustain near the all time high level of 4950 and corrected down till 4750 level. However immediate support zone can be seen around 4700 level as 60 days EMA lies near the mentioned level on hourly chart. Traders can buy Crude oil around 4700-4720 level for the target of 4750 level on intraday basis.

BUY CRUDE OIL AROUND 4720-4700 SL BELOW 4690 TGT 4750/4830

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