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Monday, October 19, 2015

Update on Crude Oil and Natural Gas 19 Oct 2015





Crude Oil




Support at 3000 and Resistance at 3080






Decisive break and sustain below 3000 will take to 2930---2870 mark in days to come else it could test its resistance level of 3080 again

Maintain stop loss in Crude oil of 3080

Today Crude oil has expiry.... So volatility may arise in evening session







Natural Gas





Support at 155 and Resistance at 163---168


  
Two consecutive closes below 155 will see free fall in Natural gas till 145---138 and then to 126 mark in days to come else it could test its resistance level of 163---168 mark again

Further upside rally seen only close above 168 mark


Trade with levels only





More will be update soon!!