Wednesday, 24 December 2014

Natural Gas and Crude Oil News For Today

Crude Oil
Jan. Crude oil prices will witness momentum again once prices break above 3570 levels. Prices have strong support on the downside at 3470 levels and any reversals from lower levels should be used to go long in the counter. A break above 3570 will see prices test 3620/3670 levels.

Natural Gas
Dec. natural gas prices will pullback further once prices convincingly trade above 206.50 levels. Failure to sustain above 206.50 will be a sign of weakness and prices can re-test 200/197.50 levels. Overall the counter is weak and any major weakness after intraday pullbacks should be sold into.

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