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Silver

MCX Silver price has given negative breakout from rising trend line channel, price is expected to trade negatively. Sustaining below 64500 would drag the price lower towards 64000/63700 levels in intraday. The price has started trading below 100 hourly EMA which is a bearishness in the prices. 

SELL SILVER BELOW 64500 SL ABOVE 64900 TGT 64000/63700

Crude oil

MCX Crude oil price is trading near the support of pennant formation, Price is expected to trade negatively. Any break down below 6250 would drag the price lower towards 6170/6150 levels intraday. The price has started trading below 20&60 hourly EMA which is a bearishness in the prices.SELL

CRUDE OIL BELOW 6250 SL ABOVE 6300 TGT 6170/6150

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