Friday, 4 December 2015

Natural Gas and Crude Oil Report

Crude Oil
Dec. Crude oil prices moved lower post the inventory data yesterday. Failure to trade above 2730 will lead to further weakness in the counter and prices will slip towards 2657/2639 levels. Sustenance above 2730 will help the counter rebound towards 2765/2780 areas.

Natural Gas
Natural Gas prices continued trade weak as mentioned in our previous updates. Prices though are trading around its immediate support at 144 levels. A decisive breakdown below 144 will push prices lower towards 141.50/137.70 levels. Pullback rallies from current levels will see the counter rebound towards 148/149 areas.

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