4 June 2015

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ENERGY(CRUDE/NATURAL GAS) INTRADAY/POSITIONAL UPDATE

CRUDE OIL ANALYSIS

YESTERDAY CRUDE MADE A HIGH AT 3933 AND LOW AT 3816...NOW CRUDE IS HAVING SUPPORT AT 3775 AND RESISTANCE AT 3996 ON CLOSING BASIS.

CRUDE IS LOOKING BULLISH AS LONG AS IT HOLD'S 3730 LEVEL'S DOWNSIDE AND ALL THE DECLINES TILL 3760 SHOULD BE BOUGH WITH STRICT SL BELOW 3730 FOR MINIMUM TARGET 3996-4030

CRUDE 8 HR. CHART



CRUDE 4 HR. CHART



NATURAL GAS ANALYSIS

AS WRITTEN EARLIER WHEN NG WAS TRADING AT 192 THAT AS LONG AS NG IS TRADING BELOW 194-196 IT CAN GO TILL 145 LEVEL'S WHERE IT HAS MAJOR SUPPORT AND SHOULD BOUNCE BACK.
SUSTAINING ABOVE 196 THEN NG CAN GO UPTO 244 AND 276 

TILL THEN SELL NG ON HIGH AND BUY AT LOW SHOULD BE THE STRATEGY.

I AM PUTTING BELOW FEW SCREENSHOT OF NG USE THE SL AS THE SELLING POINT AND RETAIN YOUR SELL AT HIGHER LEVEL'S
(BOUNCE BACK TILL 181 CANT BE RULED OUT IN NG)