Crude Oil
Day before yesterday we recommended buying in Crude oil around 2770 with stop loss below 2740 and we booked profit around 2810
Now what to expect???
Support at 2740 and Resistance at 2840
Close below 2740 will take to 2680---2650 and then to 2580 mark in days to come else it could test its resistance level of 2840 again
Further upside rally will see only weekly close above 2840 mark
Trade with levels only
Natural Gas
Support at 130---124 and Resistance at 137.50
Looks choppy and has no clear direction... Close below 130 will take to 127---124. Further downside panic will see only weekly close below 124 mark else it could test its resistance level of 134---137.50 again
Three consecutive closes + weekly close above 137.50 will take to ???
Traders can trade with levels only
More levels will update soon....
