Wednesday, 6 August 2014

Energy News Of Commodity Market

Crude Oil prices gave breakdown below crucial support of 5950 and now prices are expected to slide further. Prices are expected to face resistance at 5970-5975 and selling should emerge there. Prices can extend selling pressure below 5930 and can test 5890 today. Prices should not move above 6025 to maintain negative outlook for the day.

Natural Gas prices are expected to have support at 236.5 and buying can be seen there. On higher side, prices can test 241.5. Prices should not fall below 233 to maintain positive outlook for the day.

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