Natural Gas
We clearly indicated to sell Natural gas below
155. It crashed vertically and made a low of 141.80. Our downside target was
145---138
Now what to expect???
Still looks weak and could test its support
level of 138. Two consecutive closes below 138 will see further panic till
132---126 mark in days to come
(Above 145.50, it could test 149---152)
Positional traders can book part profit and revise stop loss
of 155 on closing basis... Others can trade with levels only
Crude Oil
As expected... Crashed vertically and made a low
of 2895 mark and now trading around 2935
Now what to expect???
Support at 2915---2880 and Resistance at 2945
Decisive break and sustain below 2915 will take to 2880. Two
consecutive closes below 2880 will see free fall in Crude oil till 2780---2730
and then to 2650 mark in days to come else it could test its resistance level
of 2945 and then to 2980---3030 again
Further upside rally seen only close above 3080 mark
Trade with levels only.
More will update soon!!
