Crude oil
Support at 3340 and Resistance at 3420---3450
Above 3420... it could test 3440---3450. Three consecutive
closes + weekly close above 3450 will see sharp upside rally till 3580---3650+
mark in days to come else it could test its support level of 3340 again
Close below 3340 will see further downside panic till
3280---3250 mark. More and more downside panic will see only weekly close below
3220 mark
Traders can trade with levels only
Natural Gas
Support at 162---159 and Resistance at 165
Above 165... rally remain continue till 169---172+ mark in days
to come
Fresh selling can initiate only close below 159 mark
Traders can buy and accumulate Natural gas in panic around
165---162 with stop loss below 159 on closing basis for the initial target of
169---172
More will update soon!!
