IGI Logo

Silver

Silver price edged higher in last trading session after prices managed to sustain above 60 days EMA and it closed around 61582 level. Moreover on hourly chart RSI is above 60 level which indicate that momemtum is strong for prices. Traders can buy Silver on dips around 61300 for the target of 61600 on intraday basis.

BUY SILVER AROUND 61300 SL BELOW 61000 TGT 61600/61900

Crude oil

Crude oil prices closed on a flat note in last trading session. On hourly chart prices is trading in a range between 5350 and 5500 level. it is trading below upper bollnger band which indicate low volatility in prices. Moreover RSI is trading below 60 level which indicate that momentum is weak for prices. Any rally towards 5460 can be used as an selling opportunity for the target of 5430 on intraday basis.

SELL CRUDE OIL AROUND 5460 SL ABOVE 5490 TGT 5430/5400

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer