Tuesday, 15 March 2016

Latest Commodity News on Crude Oil & Energ

MCX Crude oil. It suggests that prices are taking resistance near 2665 levels. Last Friday’s Doji candle suggests reversal in the uptrend. Hence, it is expected to give correction till 2465 and 2400 levels. However, if it continues its bullishness then it will gain till 2890 levels.

MCX Natural gas. It suggests that prices are making lower highs in the short term. It is expected to gain further upside till top to top trendline resistance 134 levels. Further momentum could extend its gain upto 141.25 levels. On the downside, immediate support is located at 114.20 levels.

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