Energy Trading Update and Market Outlook: Nirmal Bang

crude oilCrude oil: The counter looks positive with close above the 21 DMA. The RSI is moving above the MA while there is a positive cross over with +DI. The prices are expected to remain positive above 3130 for the day targeting 3220. Breaching 3130 can push prices lower to 3097 level.

Natural Gas: The Counter is facing resistance on the upside. However the counter is taking support at 178 levels. Thus one can enter at lower levels around 178, targeting 195.