Monday, 4 August 2014

Energy News Of Commodity Market

Crude Oil prices have strong support at 5950 and any day close below this level will take prices sharply lower towards 5650-5700. If prices hold 5950 then intraday pullback towards 6010-6020 can be seen.

Natural Gas prices have given a breakout above tread line resistance. Prices are expected to have intraday support at 230-230.5 and buying can be seen there. Prices on higher side can test 237.0. Prices are expected to remain positive till it trades above 226.5.

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