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
SELL CRUDE OIL AROUND 4480 SL ABOVE 4510 TGT 4450/4420
ZINC
Zinc prices edged higher in last trading session after prices broke the resistance zone of 227 and rallied higher up till 230 level on intraday basis. On hourly chart price is trading comfortably above 9 and 20 days EMA and RSI is also above 60 level indicating high mometum in prices. Traders can buy Zinc on dips around 228 for the target of 229 on intraday basis.
BUY ZINC AROUND 227.8-228 SL BELOW 226.9 TGT 229/230
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