Thursday, 19 November 2015

Mcx & Commodity Market Energy News

Crude Oil. Prices are trading in sideways channel. It has immediate resistance at 2800 levels. Prices are expected to fall back again till 2630 levels. Bias is on the downside.

Natural gas. It suggest that prices are trading in channel format. It has potential to move above 162 levels. Any pullback till 156 would be buying opportunity for traders. On downside, support is located at 151.50 levels.

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