Crude oil
Slipped and made a low of 2360. We clearly indicated that it
looks weak and we will expect major downside move in it from 2800 mark. Our
initial target was 2650---2580 and then we clearly indicated to fresh sell
below 2550 mark. (See our 3rd
Dec. Energy update http://goo.gl/E5syPX )
Yesterday given sell call to our paid subscribers to Sell
Crude around 2485-2490…. Booked part profit at 2440 and full profit at 2390.
Now what to expect???
Support at 2352---2304 and resistance at 2403
Below 2352 will see further panic till 2323---2304 mark. Two
consecutive closes + weekly close below 2304 will see further downside panic
till 2200---2100 mark in days to come
Else it could test its resistance level of 2403 again.
Further upside rally seems only weekly close above 2403 mark
but upper side seems limited in it and any sharp rise will be selling
opportunity in it.
Trade with levels only... Anything seems will update.
Natural Gas
Crashed vertically and made a low of 118.80. Three
consecutive closes + weekly close below 121 will see panic till 113---109 and
then to 103 mark in days to come
Don't Jump to buy Natural gas at all.. Wait for reversal and
fresh entry.
More will be update soon only on our Android App.
