Energy Market Data and Market Trading Tips from Technical Analysts
Crude oil: Crude oil price continue the downfall. The dropping RSI and rising ADX with -DI on upside indicate downtrend in crude prices. The Support in crude can come in at 2900 levels. Till then one can sell crud eat every rise.
Natural Gas: Natural Gas prices continue to take support at 165 levels, however prices did not rise above 170. The rising ADX with -DI on ruling side indicates strength in downtrend. Thus breaching 165 levels can trigger sharp downside in the counter.