Sell Silver Around 62500 SL Above 62800 TGT 62200/61900 - Axis Securities
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SILVER
Silver prices edged higher in last trading session after prices broke the strong resistance zone of 61900 and touched 62200 level on intraday basis. On hourly chart prices is trading above 20 and 60 days EMA. However strong resistance zone is seen around 62500 level which may be used for selling for the target of 62200 on intraday basis.
SELL SILVER AROUND 62500 SL ABOVE 62800 TGT 62200/61900
Crude oil
Crude oil prices edged higher in last trading session. In hourly chart prices closed above 5500 level which is a positive sign for prices. We expect it to touch 5570 level where strong resistance levels lies as it is struggling to sustain above the mentioned level indicating it as a supply zone for prices. Traders may sell Crude oil around 5570 for the target of 5530 on intraday basis.
SELL CRUDE OIL AROUND 5570 SL ABOVE 5600 TGT 5530/5480
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