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Thursday, August 11, 2016

Update on Crude oil and Natural Gas 11 Aug 2016




Crude oil




Not able to breach its resistance level of 2920 and crashed vertically to 2780 mark

Now what to expect???

Support at 2755 and Resistance at 2850---2920

Close below 2755 will take to 2620---2590 mark else it could test its resistance level of 2850---2920 again

Further upside rally will see only close above 2920 mark

Trade with levels only









Natural Gas





Our support level of 180.00 triggered in Natural gas and crashed vertically and trading around 172.80

Now what to expect???

Support at 170 and Resistance at 178.00

Weekly close below 170 will take to 162---155 and then to 148 mark in days to come else it could test its resistance level of 178 again

Further upside rally will see only close above 178 mark

Trade with levels only

















More will update soon...