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Thursday, January 7, 2016

Update on Crude Oil and Natural Gas 07 Jan 2016






Crude oil





  Our downside target of 2250 hit in Crude oil. Just made a low of 2156. We recommended selling below 2350 mark

Now what to expect???

Weekly close below 2250 will take to 2130---2080 and then to 2025 mark in days to come

Hurdle and stop loss 2280 mark







Natural Gas





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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