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Monday, October 26, 2015

Update on Natural Gas and Crude Oil 26 Oct 2015





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!!