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Thursday, August 20, 2015

Update on Crude Oil & Natural Gas 20 Aug 2015




Crude oil




In our report we recommended selling in Crude oil around 2780---2820 with stop loss of 2930. It crashed vertically and made a low of 2637. Our target and support was 2640


Now what to expect???


Support at 2670---2640 and resistance at 2800


Fresh selling can initiate only close below 2640 mark


Traders holding short as per our level can revise stop loss of 2800 and trade with levels only





Natural Gas




Support at 176 and Resistance at 185---193


Two consecutive closes below 176 will take to 168---163 and then to 155 mark in days to come else it could test its resistance level of 185 and then to 189---193 again


Trade with levels only.  More will be update soon !!