Energy Market Data and Market Trading Tips from Technical Analysts
Crude oil : Crude oil prices are seen taking support at the 38.2% retracement levels and moving up. However, prices were seen resisting the 9 DMA, at 3385 and closed lower at 3335. Prices can remain positive above 3320 for the day, breaching 3385, can test 3420 levels on the upside.
Natural Gas: The prices have break down below the support levels of 195. The ADX remains flat, thus no clues on the trend. However, prices can remain below the resistance at 195, taking support at 184 levels.