Monday, 29 September 2014

Latest News on Natural Gas and Oil

Crude Oil:
Crude oil prices gave breakout above trend line resistance and now prices should move higher. Prices are expected to have support at Rs.5745 and buying can be seen there. On higher side prices can test Rs.5830-5840 levels and fresh buying can be seen if prices sustain above this. Prices should not fall below Rs.5700 to maintain the positive outlook.

Natural Gas:
Natural Gas prices have support at Rs.244.0 and intraday buying can be seen there. Prices on higher side can test Rs.250-251.0 and again selling will emerge there. Prices should not fall below rs.241.0 to maintain positive outlook for the day.
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