Sell Silver Below 62700 SL ABOVE 63200 TGT 62000/61700 - Axis Securities
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SILVER
MCX Silver price is trading under a falling trend line channel, price is expected to trade negatively. Any breakdown below 62700 would drag down the price lower towards 62000/61700 levels in intraday. The momentum indicator RSI is trading at I + 66000 33 it shows bearishness in the prices.
SELL SILVER BELOW 62700 SL ABOVE 63200 TGT 62000/61700
CRUDE OIL
MCX Crude oil price failed to break its strong resistance level, price is expected to trade negatively. Any breakdown below 4400 would drag down the price lower towards 4350/4330 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL CRUDE OIL BELOW 4400 SL ABOVE 4440 TGT 4350/4330
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