Energy Trading Update and Market Outlook: Nirmal Bang

natural gasCrude oil: The Counter looks positive above 3525, with Positive RSI and Positive ADX. The prices are expected to trade above 3525 levels for the day and move upwards in near term targeting 3650-680.

Natural Gas: The counter is in a downtrend with small candles in the earlier two sessions. The RSI have fallen below the 30 levels and enter the oversold Zone. While ADX is still rising indicating downtrend in the counter. Thus prices may decline further. But prices moving above 160 levels can breach the downtrend in the counter.