Thursday, 28 August 2014

Oil and Natural Gas Stock Price

Crude oil prices are trading in very narrow range. Prices are expected to have support at $93.3 i.e. Rs.5660 and buying interest can be seen there. On higher side prices can give fresh breakout above $94.5 i.e. Rs.5730 and prices can test $95.3 i.e. Rs.5760. Prices should not fall below $92.5 i.e. Rs.5620 to maintain positive outlook. 

Natural Gas prices are not holding at higher levels. Prices are expected to have resistance at Rs.245-245.5 levels and selling can be seen there. On lower side prices if sustain below Rs238.0 then fresh selling towards Rs235.0 can be seen.

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