Tuesday, 15 July 2014

Daily Commodity Market Energy News

Crude oil recovered some of its intraday losses and closed at 6047 levels. Prices will test 6000 levels on the downside until the counter trades below 6120. Intraday pullback rallies will face supply pressure between 6090-6110. 

Natural Gas: 
MCX Natural gas July prices attempted a pullback rally but the counter faced selling pressure as it approached 252. We reiterate that prices will test 245/243 levels until it sustains below 255. For the day 252-253 zone will be the upside resistance.

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