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SILVER

Silver prices closed in green in last trading session as dollar index pulled back. On hourly chart prices closed above 9 and 20 days EM which is a positive sign for prices and moreover on daily chart prices has formed hammer candlestick pattern which indicate it is a reversal candle. Traders may buy Silver around 61700 for the target of 62000 on intraday basis

BUY SILVER AROUND 61700 SL BELOW 61400 TGT 62000/62300

CRUDE OIL

Crude oil prices closed on a flat note in last trading session. On hourly chart prices is trading above 9 and 20 days EMA which is a positive sign for prices. On hourly chart RSI is nearing 60 level which indicate that momentum is strong for prices. Traders may buy Crude oil on dips around 5650 for the target of 5680 on intraday basis.

BUY CRUDE OIL AROUND 5650 SL BELOW 5620 TGT 5680/5710

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