Wednesday, 4 November 2015

Mcx Cure Oil and Natural Gas Updates

Crude Oil prices need to break above 3090 to rally into next resistance zones between 3130—3159 levels. Weakness between these zones can be sold into by traders. A break below 3000 levels will trigger a corrective move towards 2950 levels in Crude. Until then 3000 to 3090 will be the range for the counter.

Nov. Natural Gas prices have resistance between 153—153.50 zones. Selling can be seen as prices enter these zones. Momentum above 153.50 will push prices higher towards major resistance at 156 levels. A break below 147 will see prices slip towards recent swing lows at 144 levels.

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