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Silver

MCX Silver price is trading near the strong support levels, price is expected to trade negatively. the price lower towards 61300/61000 levels intraday. The price has been trading below 9,21&60 hourly EMA which is a bearish sign for the prices.

SELL SILVER BELOW 61800 SL ABOVE 62300 TGT 61300/61000

Crude oil

MCX Crude oil price failed to trade higher and indicating sell on rise, Price is expected to trade negatively. Sustaining below 4740 would drag the price lower towards 4680/4650 levels intraday. The hourly momentum indicator RSI is trading at 27 and it is forming lower lows which is a negative sign for the prices.

SELL CRUDE OIL IN THE RANGE OF 4742-4752 SL ABOVE 4790 TGT 4680/4640

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