Wednesday, 30 July 2014

Energy News Of Commodity Market

Crude:
Aug Crude Oil prices are expected to have intraday resistance at 6120-6125  level and prices can trade lower towards 6040-6030. Bargain hunting can again be seen at 6030 levels. Prices will turn positive if gives breakout above 6165.

Natural Gas:
Natural Gas prices are expected to remain sideways to negative till prices could not move above Rs234.0. Prices on lower side can take support at 225 and buying interest will emerge there as there is negative diversion in the chart.

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