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Sell Crudeoil Below 6680 SL Above 6780 TGT 6550/6500 - Axis Securities Ltd
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Silver
MCX Silver opened on a positive note and traded with extreme volatility throughout the session. Gained bullish momentum second half of the session. The chart pattern suggest that if silver crosses and sustains above 72500 level it would witness buying which would push the price towards 73300- 74000 levels. Important support for the day is round 71000.
BUY SILVER ABOVE 72500 SL BELOW 71900 TGT 73300/74000
Crudeoil
MCX Crudeoil opened on a flat note and witnessed selling for most part of the session. Prices closed near days low. The chart pattern suggests that if Crudeoil breaks and sustains below 6680 level it would witness selling which would drag the price towards 6550-6500 levels. Important resist stance for the day is Placed at 6900.
SELL CRUDEOIL BELOW 6680 SL ABOVE 6780 TGT 6550/6500
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