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Published on 22/01/2021 9:22:23 AM | Source: Axis Securities Ltd

Sell Crude Oil Around 3910 SL ABOVE 3940 TGT 3880/3850 - Axis Securities Ltd

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

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CRUDE OIL

Crude oil prices is traded sideways in last trading session. On daily chart prices closed below 3900 which is a bearish sign for prices and RSI is below 60 level indicating low momentum in prices. Traders can sell Crude oil rise around 3910 level for the target of 3880 on intraday basis.

SELL CRUDE OIL AROUND 3910 SL ABOVE 3940 TGT 3880/3850

 

ZINC

Zinc prices gave a gap up opening in last session but it failed to sustain higher and drifted lower towards 215.5 after it broke the strong support zone of 218 level. On daily chart 60 days EMA lies around 215 level which is also an important support zone for prices. Any dips towards 215 level can be used as an buying opportunity for the target of 216 level on intraday basis

BUY ZINC AROUND 215 SL BELOW 214 TGT 216/217.5

 

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