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CRUDE OIL

Crude oil prices traded volatile in last session. Prices closed on a positive note in last session on the back of positive Crude oil inventory data. Prices closed around 3890 level. However on hourly chart prices is facing strong resistance around 3910 level. Traders can sell Crude oil around 3910 level for the target of 3880 level on intraday basis.

SELL CRUDE OIL AROUND 3910 SL ABOVE 3940 TGT 3880/383840

ALUMINIUM

Aluminium prices edged lower in last session after it broke the strong support zone of 163.5 level and drifted lower towards 162.5 level. On hourly chart prices is trading below 9 and 20 days EMA and RSI is below 40 level indicating low momentum in prices. Any rally towards 163.5 can be used as an selling opportunity for the target of 162.5 level.

SELL ALUMINIUM AROUND 163.5 SL ABOVE 164.5 TGT 162.5/161/6

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