Thursday, 25 September 2014

Natural Gas and Oil News for Today

Crude Oil
Crude oil prices are expected to have resistance at Rs.5660 and fresh upside can only be seen if prices give a breakout above this else prices can trade sideways to lower. Prices on lower side have support at Rs.5570 and Crucial support at Rs.5530. A day close below Rs.5530 will extend the fall.

Natural Gas
Natural Gas prices have support at Rs.239.0 and intraday buying can be seen there. Prices on higher side can try to test Rs.244.0 and fresh upside can only be seen above this towards Rs.248.0 else prices will again come down. On lower side prices should not fall below Rs.236.0 else prices can again turn weak.
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