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SILVER

Silver prices edged higher in last trading session after prices broke the strong resistance zone of 62000 and touched 62600 on intraday basis. On hourly chart it closed above 20 and 60 days ema which is a positive sign for prices. Any dips around 62000 level can be used as an buying opportunity for the target of 62300 on intraday basis.

BUY SILVER AROUND 62000 SL BELOW 61700 TGT 62300/62600

Crude oil

Crude oil prices edged higher in last trading session after prices broke the strong resistance zone of 5560 and it rallied all the way up till 5700 level. It was up by nore than 2 percent. On daily chart prcies has given a breakout above 5600 after more than a month. Traders may buy crude oil on dips aorund 5600 for the target of 5630 on intraday basis.

BUY CRUDE OIL AROUND 5600 SL BELOW 5570 TGT 5630/5670

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