Sell Zinc Around 251 SL Above 252 TGT 250/249 - Axis Securities
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Zinc
Zinc prices closed on a flat note in last trading session around 250 level. Prices is facing resistance around 251 and it is not able to beach that level from past few days. Moreover RSI on hourly chart is trading below 60 level mark indicating low momemtum in prices. Traders my sell Zinc around 251 for the target of 250 on intraday basis
SELL ZINC AROUND 251 SL ABOVE 252 TGT 250/249
Natural gas
Natural gas prices closed below the important support zone of 290 in last trading session which is the negative sign for prices. On hourly chart prices is trading below 20 and 60 days EMA and RSI is also below 60 level indicatig low momemtum in prices. Any rally towards 292 can be used as an selling opportunity for prices.
SELL NATURAL GAS AROUND 292 SL ABOVE 295 TGT 289/286
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