Energy Market Data and Market Trading Tips from Technical Analysts
Crude oil : Crude prices are giving a higher high in every session. The ADX is rising with rising rising +DI, thus affirming the uptrend. Thus one can remain long in Crude.
Natural Gas: The prices seem to consolidate at lower levels in Natural gas. The ADX is flat with no cue on the direction. However, prices are seen forming a triangle. Thus a positive break-out is expected in Natural Gas on breaching 180-182 levels on upside. Thus one can remain long at lower levels between 172-74, targeting 195 in near term.