Sell Crudeoil Below 6770 SL Above 6830 TGT 6680/6630 - Axis Securities Ltd
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Silver
MCX Silver opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if silver breaks and sustains below 71800 level it would witness selling which would drag the price towards 71100-70600 levels. Important resistance for the day is placed at 72500.
SELL SILVER BELOW 71800 SL ABOVE 72200 TGT 71100/70600
Crude oil
MCX Crudeoil opened on a flat note and witness selling for most part of the session. The chart pattern suggests that if Crudeoil breaks and sustains below 6770 level it would drag the price towards 6680-6630 levels. Important resistances for the day is placed at 6860.
SELL CRUDEOIL BELOW 6770 SL ABOVE 6830 TGT 6680/6630
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