Tuesday, 25 November 2014

Natural Gas, Crude Oil and Energy News For Today

MCX Dec Crudeoil penetrated the falling resistance line of the falling channel in the Friday’s session. However, it failed to close above the same. Closing above the resistance line in the past session has confirmed the breakout and surge up to 4880 levels in likely.

Natural gas opened with 5% cut yesterday as the so called arctic blast was seen giving way for warmer to normalized temperatures in December month. While the commodity closed lower, it managed to half its losses and finished 2.5% down to $4.15 per MMBTU mark whereas Indian MCX NG shut lower by 4.4% Rs 254 level.

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