Energy Market Outlook and Sector Updates: Nirmal Bang

gas and oilCrude oil : Crude Oil prices have moved lower yesterday for closing. Also the Prices are seen taking resistance at 3450 levels in the previous three Session. The RSI also is seen giving a cross
-over on downside. Thus one can remain short in Crude oil with Stoploss of 3450, targeting 3250-80 levels.

Natural Gas: The Natural Gas prices show a triangular break-out on upside. The RSI is moving up with breaking the earlier resistance. The ADX also is seen rising up with +DI, indicating bullish trend in Natural Gas. Thus, one can buy Natural Gas on every dip, targeting 220 on upside.