Crude oil: We have seen sharp fall in the prices on Friday and took support around its 40DMA i. e. 3350. The counter is still holding the trend line and trading above 40 DMA indicate the near term positive momentum in the counter but negative crossed over in RSI indicate the short term weakness in the counter. We are expecting the counter to take support to trend line and bounce back i. e. 3315 and resume the uptrend.

Natural Gas: We have seen very sharp decline in the prices. The counter is trading below 40DMA with crossed over in RSI and MACD is in negative territory indicating the short term outlook looks sideways to down. Prices are expected to take support around the all time Low of 158 levels, if not we will see the prices to test 150 in the short run.