Sell Silver Around 64500 SL Above 64800 TGT 64200/63800 - Axis Securities
SILVER
Silver prices closed on a negative note in last trading session. It closed around 63910 with a loss -288 points. The daily strength indicator RSI is below 40 level and trading below its reference line which indicate low momemtum on the upsdie. Price is trading below 20 and 60 days EMA on hourly chart which is negative for prices. Traders can sell Silver around 64500 for the target of 64200 on intraday basis.
SELL SILVER AROUND 64500 SL ABOVE 64800 TGT 64200/63800
Crude Oil
Crude oil price closed in green in last trading session. It closed around 8037 with a gain of 250 point. On hourly chart prices is trading above 20 and 60 days EMA and RIS is also above 60 level which indicate strong momemtum in prices. On daily chart prices has formed sizeable bullish candle and has closed above its previous session high indicating positive bias. Today trend will be buy on dips for Crude oil as long as 7800 level is intact on the lower side.
BUY CRUDE OIL AROUND 7900 SL BELOW 7800 TGT 8050/8150
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