Crude & Silver Updates for Today

Crude oil prices have come down below 4900 level. This decline has seen due to concern over American energy department Report which is going to come today. Crude reserve is projected to increase due to which NYMEX crude has ome down to $90.70 level.

MCX crude is trading near 4880 level and selling sentiments are being seen in this energy commodity. Trading below 4850 may cause further downside in mcx crude therefore one may initiate selling below this level. However a consistent trading above 4930 may bring back the bulish momentum again.
With sluggish movement, mcx silver has managed to gain nearly 200 points till now and it is trading above 62500 level. Prices are expected trade in a range of 62300-63200 level. One can go for buy above 62550 for the targets of 62700-62900-63200 level


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