Buy Zinc Around 250 SL Below 249 TGT 251/252 - Axis Securities
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ZINC
Zinc prices edged higher in last trading session after it broke the level of 250 and touched 251.8 level. Prices madea a new 52 week high in last trading session. Overall trend is looking bullish for prices as it is trading above 20 and 60 days EMA and RSI is also above 60 level indicating high momemtum in prices. Traders can buy Zinc around 250 level for the target of 251 on intraday basis.
BUY ZINC AROUND 250 SL BELOW 249 TGT 251/252
Crude oil
Crude oil prices traded flat in the last trading session and it closed around 5146 level. On hourly chart RSI is above 60 level indicating high momemtum in prices. Important level is seen around 5150 level. Breakout above the mentioned level may push prices higher towards 5180 level on intraday basis.
BUY CRUDE OIL ABOVE 5150 SL BELOW 5120 TGT 5180/5210
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