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SILVER

Silver prices edged lower in last trading session after if failed to sustain higher around 70000 level and drifted lower towards 69000 level after it broke the strong support zone of 69500. Short term trend is looking negative to sideways for Silver as price is trading below 9 and 20 days EMA and RSI is below 60 level indicating low momentum in prices. Traders can sell Silver around 70000 for the target of 69700 on intraday basis.

SELL SILVER AROUND 70000 SL ABOVE 70300 TGT 69700/69400

CRUDE OIL

Crude oil prices traded volatile in last trading session. Prices closed on a flat note near 4260 level. However on hourly chart prices is facing strong selling pressure around 4300 level and it is not able to breach that level in last few days. Traders can sell Crude oil around 4300 level for the target of 4270 level on intraday bassis.

SELL CRUDE OIL AROUND 4300 SL ABOVE 4330 TGT 4270/4240

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