Sell Zinc Around 218.5 SL Above 219.5 TGT 217.5/216 - Axis Securities
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Zinc
Zinc prices edged down in last trading session after prices failed to sustain higher near 218.5 level and drifted lower towards 214 level on intraday basis. Overall trend is looking beraish for prices as on hourly chart prices is trading below 20 and 60 days EMA and RSI is also below 60 level which indicate low momentum in prices. Traders can sell Zinc around 218.5 level for the target of 217.5 on intraday basis.
SELL ZINC AROUND 218.5 SL ABOVE 219.5 TGT 217.5/216
Natural gas
Natural gas prices corrected in last trading after prices failed to sustain near 196 and closed around 190 level. Ovverall trend is negative for prices as it has given a breakdown on daily chart below 192 level which is a negative sign for prices. Any rally towards towards 193 can be used for selling for the target of 190 level on intraday basis
SELL NATURAL GAS AROUND 193 SL ABOVE 196 TGT 190/187
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