Monday, 1 February 2016

Mcx Crude Oil and Natural Gas Updates

Crude Oil. It suggests that prices are trading in uptrend channel. It is expected to rise up to parallel channel trend line resistance of 2395 levels. On the upside, immediate support is located at 2230 levels.

Natural gas. It suggest that prices have crossed immediate resistance of 151.30 levels. Now it is expected to move further upside till 157.30 levels. Any correction till 153 would be buying opportunity for traders.

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