Sell Silver Around 70100 SL ABOVE 70400 TGT 69800/69500 - Axis Securities Ltd
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SILVER
Silver prices edged lower in last trading session after if failed to sustain higher around 70500 level and drifted lower towards 69500 level after it broke the strong support zone of 70000. 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 70100 for the target of 69800 on intraday basis
SELL SILVER AROUND 70100 SL ABOVE 70400 TGT 69800/69500
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 4280 level and it is not able to breach that level in last few days. Traders can sell Crude oil around 4270 level for the target of 4240 level on intraday bassis
SELL CRUDE OIL AROUND 4270 SL ABOVE 4300 TGT 4240/4200
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