Wednesday, 7 March 2012

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Crude (March) :- 

Overall trend is very bullish... and rallied for the consecutive week. After making a high of 5407, it closed at 5304. In this week, consider Trend Decider 5295... above some positive, below some selling pressure. Decline to buy and hold long with stop loss 5200-5150. On the higher side, significant resistance 5500 and fresh buying will emerge above that level.

Today: Consider resistance 5400-5410 and support 5300 and decide your trading strategy.

Natural Gas (March) :-

Selling pressure again at higher level. As long as price below 135 levels, consistently avoid fresh long and new low tested in coming days.

Today: Sell on rise strategy...

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