Thursday, 7 August 2014

Energy News Of Commodity Market

Aug Crude Oil prices move higher than expected yesterday majorly due to Rupee depreciation. Today prices are expected to have resistance at 5980-5990 and selling can be seen there. Prices on lower side can test 5890 and 5860. Prices should not move above 6030 remain negative for the day.

Natural Gas prices are expected to have support at 241 and buying can be seen there. On higher side, prices can test 245.0 and book taking can be witnessed there. Prices are expected to remain positive as far as prices are trading above 438.0.

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