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Published on 8/06/2020 10:16:05 AM | Source: Axis Securities Ltd

Buy Crude Oil Above 3000 SL BELOW 2970 TGT 3030/3050 - Axis Securities

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

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Crude oil

Crude oil prices edged higher in last trading session and rallied by more than 6 percent and closed higher near 3000 level. Overall trend is positive for prices as Crude oil is trading above 9 and 20 days EMA and RSI is above 60 level which indicate strong momentum in prices. Traders can buy Crude oil above 3000 for the target of 3030 on intraday basis.

BUY CRUDE OIL ABOVE 3000 SL BELOW 2970 TGT 3030/3050

 

Zinc

Zinc prices edged higher in last trading session and it closed near 164 level. On hourly chart Zinc prices is trading above 9 and 20 days EMA which is a positive sign for prices. Dips in prices down till 162 can be used as an buying opportunity in Zinc for the target of 163.

 

BUY ZINC ABOVE 162 SL BELOW 161 TGT 163/164

 

 

 

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