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Sell Crudeoil Below 6320 SL Above 6400 TGT 6220/6150 -Axis Securities
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Crudeoil
MCX Crudeoil opened on a flat note and witnessed selling for most part of the session. The chart pattern suggests that if Crudeoil breaks and sustains below 6320 level it would witness selling which would drag the price towards 6220-6150 levels. Important resistance for the day is placed at 6450.
SELL CRUDEOIL BELOW 6320 SL ABOVE 6400 TGT 6220/6150
Zinc
MCX Zinc opened with a downward gap and traded with extreme volatility on either side. The chart pattern suggests that if Zinc breaks and sustains below 244 level it would witness selling which would drag the price towards 242-241 levels. Important resistance for the day is placed at 248.
SELL ZINC BELOW 244 SL ABOVE 245.50 TGT 242/241
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