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Zinc

Zinc prices edged higher in last trading session after prices broke the strong resistance zone of 248 and closed around 249.6 level. On hourly chart prices is trading below 20 and 60 days EMA and RSI is also above 60 level indicating high momemtum in prices. Traders can buy Zinc on dips around 248.5 for the target of 249.5 on intraday basis.

BUY ZINC AROUND 248.5 SL BELOW 247.5 TGT 249.5/250.5

Crude oil

Crude oil prices egded higher in last trading session and it closed around 5021 level. On hourly chart strong resistance is seen around 5050 level as the mentioned level is not breached for more than a week. Traders can sell Crude oil around 5050 level for the target of 5020 on intraday basis.

SELL CRUDE OIL AROUND 5050 SL BELOW 5080 TGT 5020/4990

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