Sell Crude Oil AROUND 6350 SL ABOVE 6400 TGT 6300/6250 - Axis Securities
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CRUDEOIL
Crude oil prices closed in red in last session after prices broke the support zone of 6350 and drifted lower towards 6150 level on intraday basis. On hourly chart prices closed below 20 and 60 days EMA and RSI is also below 60 level. Any rallies in prices around 6350 can be used as an selling opportunity for the target of 6300 on intraday basis.
SELL CRUDE OIL AROUND 6350 SL ABOVE 6400 TGT 6300/6250
SILVER
Silver prices edged lower in last session after prices broke the strong support zone of 64500 and drifted lower towards 63500 level. Short term trend is looking weak for prices as it is trading below 20 and 60 days EMA and rsi is also below 40 level. Rallies towards 64500 is a good level to sell for the target of 64200 on intraday basis.
SELL SILVER AROUND 64500 SL ABOVE 64800 TGT 64200/63800
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