Buy Silver Around 67800 SL Below 67500 TGT 68200/68600 - Axis Securities
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SILVER
Silver prices closed in red in last session after prices failed to close above the resistance zone of 68500 level. However on hourly chart prices is trading above the strong support zone of 67800 level. As long as mentioned level is intact on the lowerside we expect prices to trade above the mentioned level. Traders can buy Silver around 67800 for the target of 68200 on intraday basis.
BUY SILVER AROUND 67800 SL BELOW 67500 TGT 68200/68600
CRUDE OIL
Crude oil price cracked by more than 5 percent in last trading sesssion. Prices closed below 20 and 60 days EMA and RSI is also trading below 40 level which indicate that momemtum is weak for prices. Traders can sell Crude oil around the strong resistance zone of 8300 for the target of 8250 on intraday basis.
SELL CRUDE OIL AROUND 8300 SL ABOVE 8350 TGT 8250/8150
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