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Wednesday, January 6, 2016

Update on Crude Oil and Natural Gas 06 Jan 2016








Crude oil





Told to sell around 2440 with stop loss of 2480. Just made a low of 2364


Now what to expect???


Break and sustain below 2350 will see further panic till 2305---2280 and then to 2250 mark

Now hurdle at 2400---2440









Natural Gas





Took the support level of 151 and bounced back again to 157.30 mark



Now what to expect???



Support at 151 and Resistance at 159

Two consecutive closes above 159 will take to 168---173 and then to 180+ mark in days to come

Fresh selling can initiate only weekly close below 151 mark

Trade with levels only.









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