Wednesday, 3 February 2016

Mcx Crude Oil and Natural Gas Updates

Crude Oil. It suggests that prices are making higher highs and lows. Momentum indicator RSI is suggesting positive reversal in the prices. It is expected to hold above immediate support of 2060 levels. On the upside, resistance is located at 2195 levels.

Natural gas. It suggest that prices going to take support near 141.50 levels. Momentum indicator RSI is likely to turn on the upside after taking support near oversold levels. It is expected to recover back up to 151.30 levels.

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