Tuesday, 23 September 2014

Natural Gas and Oil News for Today

Crude oil prices have strong support at Rs.5525 and as far as prices are holding this support, prices can trade sideways to higher and fresh upside can be seen only above Rs.5650. Prices can have intraday resistance at Rs.5590. Only a break down below Rs.5525 can extend losses towards Rs.4450 in coming days.

Natural Gas prices have strong support at Rs.230.0 and fresh selling can be seen only below this else prices can trade sideways to higher. Prices on higher side have intraday resistance at Rs.239.0 and if sustain above this then further upside can be seen towards Rs.242.0.

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