Friday, 15 January 2016

Commodity Market Updates on Natural Gas and Crude Oil

Natural Gas and Crude Oil latest update only at

Crude Oil (Rs/Bbl):
Jan. Crude Oil prices recovered from its swing lows at 2018 levels yesterday. Sustenance above 2090 will see prices test its immediate resistance at 2123 followed by major resistance zones between 2140—2163 levels. A daily close above 2163 will open upside targets of around 2295 levels for the counter. Intraday support is seen around 2030 levels.

Natural Gas (Rs./Mmbtu):
Natural gas can bounce higher until prices hold on to support around 149.50 levels. Immediate resistance for the counter is seen around155.50 above which prices will bounce towards158.50 levels. A decisive break down below 149 will see prices correct towards 146 levels.

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