Friday, 1 January 2016

Today's Commodity Market Energy Updates

Crude Oil. It suggest that prices are likely to find support near 2430 levels in today's session. Further support is located at 2385 levels. On upside, resistance is located at 2500 levels.

Natural gas. After gaining 13 percent in early days of this week, yesterday prices had corrected more than 6 percent. Today it has opened with gap up with 3 percent. However, this up move can be consider as correction of previous down move. Hence, prices are expected to correct on downside till 146.10 levels.
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