Thursday, 3 December 2015

Natural Gas and Crude Oil Report

Crude Oil
Dec. Crude oil prices will slide lower until intraday rallies stay below 2855 levels. A decisive breakout above 2855 will help the counter rebound towards 2910 levels. A break below 2755 will open downside targets of 2700/2680 levels for the counter.

Natural Gas
We reiterate our negative outlook for Dec. Natural gas until prices trade below 153 levels. Intraday rallies will face resistance between 151.30--152.50 zones. Sustenance below 147 will push prices lower towards next support at 144 levels. A daily close above 153 will be the first sign of a reversal.

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