Thursday, 31 July 2014

Energy News Of Commodity Market

Aug Crude Oil prices can see selling pressure at higher levels around 6100. Prices are expected to have channel support on downside near 6010 level and again buying interest will emerge there. Prices should not fall below 5970 to maintain corrective outlook otherwise fresh selling will emerge.

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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