Buy Silver Around 62800 SL Below 62500 TGT 63100/63400 - Axis Securities
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CRUDE OIL
Crude oil pirces edged edged higher in last trading session, however it failed to close near the day's high of 7150 level and closed around 7047 level. Momemtum indicator RSI is trading below 60 level which indicate that momemtum on the upside is weak. Traders may sell Crude oil around 7100 level for the target of 7060 level on intraday basis.
SELL CRUDE OIL AROUND 7100 SL ABOVE 7140 TGT 7060/7020
SILVER
Silver price closed on a flat note in last session. On hourly chart it closed around 63300 level. It is trading above 60 and 20 days EMA which is a positive sign for prices. We have observed positive range shift in RSI which is supportive for price. Traders may buy Silver around 62800 for the target of 63100 on intraday basis.
BUY SILVER AROUND 62800 SL BELOW 62500 TGT 63100/63400
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