Energy Market Data and Market Trading Tips from Technical Analysts
Crude Oil : The Crude Oil prices are trading range-bound between 3180-3320. The bias remain on the negative with the downwards movement in RSI. Prices can trigger downside move if breaches 3180 during the day. Thus one can remain short in Crude at higher levels.
Natural Gas : The counter looks positive, if holds above 168 in the near term. During the day prices are expected to continue the range bound trading. The ADX is not giving any clues on the trend. Thus one can buy Natural Gas at lower levels around 170-74, targeting 195 in near term.