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Published on 17/01/2020 10:53:07 AM | Source: Axis Securities Ltd

Buy Zinc Mini Above 183.5 SL BELOW 182 TGT 185/186 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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ZINC

ZINC mini jan prices edged higher in last trading session after prices broke the strong resistance zone of 182.5 and rallied higher up till 183.5 levels on intraday basis. Prices finally broke the trading range of 180.5 and 182.5 and managed to closed above it which is a positive sign for prices. Traders can buy ZINC above 183.5 for the target of 184.5 on intraday basis.

BUY ZINC MINI ABOVE 183.5 SL BELOW 182 TGT 185/186

 

Nickel

Nickel Prices prices corrected in last trading session after prices broke the strong support zone of 1040 levels and drifted lower towards 1015 levels on intraday basis. On hourly chart prices closed below 9 and 20 days EMA which is a negative sign for prices and RIS is below 40 indicating low momentum in prices. Strong support zone can be seen around 1010 levels. Breakdown below the mentioned levels may push prices lower towards 1006/1000 levels on intraday basis.

SELL NICKEL BELOW 1010 SL ABOVE 1013 TGT 1006/1002

 

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