Sell Silver Below 65600 SL Above 66000 TGT 65000/64700 - Axis Securities
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Silver
MCX Silver price has given negative breakout from ascending triangle pattern, priice is expected to trade negatively. Sustaining below 65600 would drag the price lower towards 65000/64700 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL SILVER BELOW 65600 SL ABOVE 66000 TGT 65000/64700
Natural Gas
MCX Natural gas price has given negative breakout from rising trendline hannel, price is expected to trade negatively. Any break down below 295 would drag the price lower towards 290.287 levels in intraday. The omentum indicator RSI is trading at 28 and it is forming lower lows which is a bearish sign for the prices.
SELL NATURAL GAS BELOW 295 SL ABOVE 299 TGT 290/287
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