Buy Silver Around 62200 SL Below 61900 TGT 62600/62800 - Axis Securities
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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 followed by a green candle which confirms the pattern. Traders may buy Silver on dips around 62200 for the target of 62600 on intraday basis.
BUY SILVER AROUND 62200 SL BELOW 61900 TGT 62600/62800
CRUDE OIL
Crude oil prices closed in red in last trading session. On hourly chart prices is trading above 9 and 20 days EMA which is a negative sign for prices. On hourly chart RSI is nearing 40 level which indicate that momentum is weak for prices. Traders may buy Crude oil on rallies around 5680 for the target of 5640 on intraday basis.
BUY CRUDE OIL AROUND 5650 SL BELOW 5620 TGT 5680/5710
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