Energy Market Outlook and Sector Updates: Nirmal Bang

natural gasCrude oil: The counter is strong with sharp upside after a 50% correction. The counter is expected to resume the uptrend targeting 3700-750 in near term. Thus one can enter at every dip above 3400.

Natural Gas: The counter is in a downtrend with positive close yesterday. The RSI at 33 levels near the oversold Zone. Thus prices are expected to consolidate around this range of 145-158 for some more session and move up. Thus one should watch and watch at current levels.