Sell Crude Oil Around 4480 SL ABOVE 4510 TGT 4450/4420 - Axis Securities
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CRUDE OIL
Crude oil price traded volatile in last trading session and closed on a higher note near 4444 level. Prices from last few days is facing strong selling pressure near 4480 level which indicate supply zone near the mentioned level. Moreover on hourly chart RSI is trading near neutral zone between 40 and 60 level. Traders can sell Crude oil arond 4480 level for the target of 4450 level on intraday basis.
SELL CRUDE OIL AROUND 4480 SL ABOVE 4510 TGT 4450/4420
ZINC
Zinc prices edged higher in last trading session after prices broke the strong resistance zone of 224.5 on daiily chart and rallied higher up till 226.2 level on intraday basis. Near term trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 level on daily chart indicating high momentum in prices. Traders can buy Zinc on dips around 224.5 level for the target of 225.6 level on intraday basis.
BUY ZINC AROUND 224.5 SL BELOW 223.5 TGT 225.6/226.4
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