MCX Silver is trading in a down trend in the evening session and is advised to sell for today. The crude is trading green and being in a uptrend crude is advised to buy for today. The price of silver suggest that prices has given a breakdown from ascending triangle pattern and silver prices expected to correct up to levels of 55700. MCX Crude Oil suggest that prices have given a breakout from a crucial resistance of 5000 crude is expected to go up to levels of 5100.
MCX Intraday Tips for Today 16 February:
MCX Crude (Feb) Buy near 5010, stop loss placed below 4960 and targets of 5100 levels.
