Buy Zing Around 218 SL BELOW 217 TGT 219/220 - Axis Securities Ltd
CRUDE OIL
Crude oil prices edged lower in last session after prices broke the immediate support zone of 4450 and drifted lower towards 4350 level on intraday basis. On hourly chart price is trading below lower bollinger band indicating high volatility on the downside, Moreover prices is also trading below 40 level on RSI indicating low momentum in prices. Any rally towards 4450 can be used as an selling opportunity in Crude oil.
SELL CRUDE OIL AROUND 4450 SL ABOVE 4480 TGT 4420/4380
ZINC
Zinc prices closed on a flat note in last trading session. On hourly chart prices is trading inside neutral zone between 60 and 40. Strong support zone is seen around 218 level on hourly chart. Price is respecting the mentioned support level on the downside from the last few session. Traders can buy Nickel around 218 for the target of 219 on intraday basis.
BUY ZINC AROUND 218 SL BELOW 217 TGT 219/220
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