Buy Silver Around 62000 SL Below 61600 TGT 62400/662800 - Axis Securities
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SILVER
Silver prices edged higher in last trading session after price broke the resistance zone of 61600 and rallied up till 62200 level. On daily chart it broke the resistance zone of 62000 for the first time in 2 week which is a positive sign for prices. Morever it is trading above 9 and 20 days EMA and RSI is also above 60 level which indicate that momemtum is strong. Traders can buy Silver around 62000 for the target of 62400 on intraday basis
BUY SILVER AROUND 62000 SL BELOW 61600 TGT 62400/662800
CRUDE OIL
Crude oil prices closed on a positive note in last trading session. On hourly it closed above 5500 level for the first time in past few days which is a bullish sign. Moreover on hourly chart RSI is trading above 60 level which indicate that momemtum isstrong for prices.Dips around 5490 is a good opportunity to buy Crude oil for the target of 5520 on intraday basis.
BUY CRUDEOIL AROUND 5490 SL BELOW 5460 TGT 5520/5500
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