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ZINC

Zinc prices traded volatile in last trading session. Prices respected the strong support zone of of 203 and managed to bounce back up till 205 level. Overall trend is looking sideways to positive for prices as it is trading above 9 and 20 days EMA and RSI is nearing 60 level. Traders can buy Zinc on dips near 204 level for the target of 205 level on intraday basis.

BUY ZINC AROUND 205 SL BELOW 204 TGT 206/207

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 4000 and rallied up till 4040 level. On daily chart prices managed to closed above 4000 level and RSI is also above 60 level indicating high momentum in prices. Traders can buy Crude oil on dips around 3980 level for the target of 4010 level on intraday basis.

BUY CRUDE OIL AROUND 3980 SL BELOW 3950 TGT 4010/4040

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