Buy Crude Oil Around 3880 SL BELOW 3850 TGT 3910/3950 - Axis Securities Ltd
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ZINC
Zinc prices traded volatile in last trading session. On hourly chart prices closed below 9 and 20 days EMA and RSI is also trading below 60 level indicating low momentum in prices. Prices is facing strong resistance levels near 207 levels where 60 days EMA lies. Traders can enter short position near the mentioned level for the target of 206 level on intraday basis.
SELL ZINC AROUND 207 SL ABOVE 208 TGT 206/205
CRUDE OIL
Crude oil prices traded volatile in last trading session. Crude oil prices rallied higher in the evening session after it broke the resistance zone of 3890 and touched 3920 levels which is a strong resistance zone for prices. On daily chart prices managed to closed above 3900 level and RSI is also above 60 level indicating high momentum in prices. Traders can buy Crude oil on dips around 3880 level for the target of 3910 level on intraday basis.
BUY CRUDE OIL AROUND 3880 SL BELOW 3850 TGT 3910/3950
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