Sell CRUDE Oil Around 5860 SL Above 5900 TGT 5820/5760 - Axis Securities
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CRUDE OIL
Crude oil prices edged lower in last trading session. On hourly chart it closed below 9 and 20 days EMA and RSI is also below 40 level which indicate that momemtum is weak for prices. Any rallied towards 5860 may be used as an selling opportunity for the target of 5820 on intraday basis
SELL CRUDE OIL AROUND 5860 SL ABOVE 5900 TGT 5820/5760
SILVER
Silver prices closed in green in last session. On hourly chart prices managed to close above 20 and 9 days EMA. Moreover on daily chart prices has formed hammer candlestick pattern which indicate reversal from current downtrend. Traders may buy Silver around 60500 for the target of 60800 on intraday basis.
BUY SILVER AROUND 60500 SL BELOW 60200 TGT 60800/61200
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