Buy Silver Around 71800 Sl Below 71500 TGT 72100/72400 - Axis Securities Ltd
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CRUDE OIL
Crude oil prices traded volatile in last session and closed on a positive note near 4830 level. Overall trend is sideways for prices as long as it is trading below 4900 level on daily closing basis. Immediate resistance can be seen around 4860 level as price has faced selling pressure near the mentioned level. Traders can sell Crude oil around 4860 for the targret of 4830 level on intraday basis.
SELL CRUDE OIL AROUND 4860 SL ABOVE 4890 TGT 4830/4800
SILVER
Silver prices traded volatile in last trading session and ended the day on a positive note around 72000 level. On hourly chart prices is trading above 20 and 60 days EMA and RSI is nearing 60 level which indicate that overall trend is sideways to positive for prices. Prices has also closed above 72000 level which is a positive sign for prices. Traders can buy Silver around 71800 level for the target of 72100 level on intraday basis.
BUY SILVER AROUND 71800 SL BELOW 71500 TGT 72100/72400
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