Wednesday, 16 December 2015

Natural Gas and Crude Oil Report

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Crude Oil (Rs/Bbl):
Dec. Crude oil prices managed to bounce from its swing lows at 2327 levels yesterday. Sustenance above 2475 will help the counter bounce further towards 2515/2540 zones. A re-test of 2327 levels will be seen only if the counter starts to trade below 2397 levels. Until then prices will trade between 2397 to 2540 zones.

Natural Gas (Rs./Mmbtu):
The view for Dec. Natural gas prices will remain negative until prices stay below 129 levels. Sustenance below 125.50 will push the counter lower towards 123.50/121.40 zones. Sustenance above 129 will trigger a pullback rally towards 131.50/132.50 levels.

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