Sell Crudeoil Below 6010 SL Above 6080 TGT 5900/5860 - Axis Securities
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Crude oil
MCX Crudeoil opened with a downward gap and traded with extreme volatility on either side. The chart pattern suggests that if Crudeoil breaks and sustains below 6040 level it would witness selling which would drag the price towards 5900-5860 leveles.Important resistance for the day is placed at 6150.
SELL CRUDEOIL BELOW 6010 SL ABOVE 6080 TGT 5900/5860
Zince
MCX Zinc opened sharply lower with a downward gap and delling pressure throughout the session dragged it lower to trade near the day`s low. The chart pattern suggests that if Zinc breaks and sustains below 214 level it would witness selling which would drag the price toward 212-211 levels. Important resistance for the day is placed at 217.
SELL ZINC BELOW 214 SL ABOVE 215.50 TGT 212/211
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