Friday, 12 September 2014

Oil and Natural Gas Stock Price

Crude oil prices could not give close $91.00 and again bounced back. Prices are expected to have support at Rs5600 and buying can be seen there. Prices are expected to move higher towards Rs.5660 and Rs.5680. Prices should not fall below Rs.5550 to maintain positive outlook for the day.

Natural Gas prices are consolidating in a big range. Today prices are expected to have intraday support at channel line around Rs.230.0 and if holds then bounce can be seen there. Prices have intraday resistance at Rs.236.0 and Rs.238.0. Fresh fall can be expected if prices close below Rs.228.0.

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