Sell Zinc Below 228.5 SL ABOVE 229.5 TGT 227.5/226.5 - Axis Securities
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CRUDE OIL
Crude oil prices closed on a flat note in last trading session. Prices from last few days is consolidating in a range between 4700 and 4760 level. Immediate support can be seen near 4700 level which is good buying zone for the prices. Crude oil prices is trading abaove 9 and 20 days EMA on hourly chart which is a positive sign for prices. Traders can buy Crude oil around 4700 for the target of 4730 level on intraday basis.
BUY CRUDE OIL AROUND 4700 SL BELOW 4670 TGT 4730/4760
ZINC
Zinc prices from last few days is making higher low and higher high indicating upward trajectory. However on hourly chart RSI is trading around 40 level indicating low momemtum in prices. Selling is recommneded below 228.5 level for the target of 227.5 level on intraday basis.
SELL ZINC BELOW 228.5 SL ABOVE 229.5 TGT 227.5/226.5
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