Sell Silver Below 66000 SL Above 66300 TGT 65700/65400 - Axis Securities
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CRUDE OIL
Crude oil price gave a gap up opening in last session but prices failed to sustain higher near the resistance zone of 7950 and it closed around 7900 level. On hourly chart prices closed below 9 and 20 days ema which is a negative sign for prices. Traders can sell Crude oil on rise around 7950 for the target of 7900 on intraday basis.
SELL CRUDE OIL AROUND 7950 SL ABOVE 7980 TGT 7900/7850
SILVER
Silver prices edged lower in last trading session after prices failed to sustain near the resistance zone of 67000 and closed around 66198 level. Prices closed below 20 and 60 days ema which is a negative sign for pries. Strong support zone can be seen around 66000 level. Breakdown below the mentioned level may push prices lower towards 65700 on intraday basis
SELL SILVER BELOW 66000 SL ABOVE 66300 TGT 65700/65400
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