Silver signal
A good day for our comex silver signals subscribers, We asked them to buy this major commodity. It fired and our subscribers exited at our target. Here is our trade advice to our subscribers.
Buy silver at 16.40$ with stoploss of 16.18$ for target of 16.62$. Xagusd fired and our subscribers exited at 16.62$, fetching nearly 120 pips in this trade. We juiced nearly 1200$ profit per lot from this trade.
Currently xagusd price trading at 16.64$, Its trading above our today’s resistance which we mentioned in today’s analysis here. If silver manage to sustain above this then expect more firepower upto 16.84$- 17.05$ today.
Read full analysis of silver in our today’s post
Crude oil signal
We asked our crude oil signals subscribers to sell this major commodity. It crashed from our selling point and our subscribers exited at our target. Here is our trade advice to our subscribers.
Sell crude oil at 71.50$ with stoploss of 72.20$ for target of 70.70$. Crude prices crashed vertically from our sell point and we fetched nearly 80 pips in this trade. We extracted approx 800$ profit per lot in this trade.
Currently crude price trading at 71$, A good support on oil chart stands at 69.70$, If traders take this base out and manage to sustain trade below our support. Then expect more panic in oil prices upto 68.10$- 67$ in upcoming days.
A good hurdle on oil chart stands at 72.20$, If traders take this resistance out and manage to sustain trade above our resistance. Then expect good recovery upto 73.50$- 74.80$ in upcoming days.
Crude oil trend is weak for now, avoid major buy for now.
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