Energy Market Outlook and Sector Updates: Nirmal Bang

Energy Market Outlook and Sector Updates: Nirmal BangCrude oil: Crude Oil prices are trading side-ways to down since past fews session. However prices are taking support at 3320 levels, breaching this prices are expected to test 3280 levels. The RSI have breached the MA, while the +DI is seen dropping downwards. Thus the bias remains on side-ways to down

Natural Gas: The counter is taking support to trend line around 171 prices are still below 40 DMA which indicate the negative shade in the counter but if trades above 184 we can expect the counter to test 190-195 levels for the short run. On the contrary if it breaches the support levels of 170 can again test 165 and 160.