Buy Silver Around 61500 SL Below 61200 TGT 61800/62100 - Axis Securities
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SILVER
Silver prices edged higher in last trading session after prices broke the strong resistance zone of 61500 and touched 62200 level on intraday basis. On hourly chart prices is trading above 20 and 60 days EMA which is a positive sign for prices. Traders may buy Silver around 61500 for the target of 61800 on intraday basis.
BUY SILVER AROUND 61500 SL BELOW 61200 TGT 61800/62100
Crude oil
Crude oil prices edged higher in last trading session. Prices was up by more than 5 percent. On hourly chart prices closed above 5400 level which is a positive sign for prices. We expect it to touch 5480 level where strong resistance levels lies as it is struggling to sustain above the mentioned level indicating it as a supply zone for prices. Traders may sell Crude oil around 5480 for the target of 5450 on intraday basis.
SELL CRUDE OIL AROUD 5480 SL ABOVE 5510 TGT 5450/5410
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