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Silver

Silver prices traded volatile in the in last session and it closed in red. On hourly chart it closed below the strong support zone of 66300 level which indicate that momemtum is weak for prices. Moreover on houlry chart prices is trading below 9 and 20 days EMA and RSI is also below 60 which indicate that the above technical setup is weak for prices. Traders can sell Silver on rise around 66250 for the target of 65950

SELL SILVER AROUND 66250 SL ABOVE 66550 TGT 65950/65700

Crude oil

Copper prices edged higher in last trading session after prices gave a gap down opening but it managed to sustain near the strong support zone of 710 and rallied up till 722 level. On hourly chart prices managed to close above 20 and 9 days EMA which is a positive sign for prices. Traders can buy Copper on dips around 715 for the target of 718 on intraday basis.

BUY COPPER AROUND 715 SL BELOW 712 TGT 718/721

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