MCX Energy update 16 June 2015
As we have mentioned in our earlier posts that Crude is trading in a range bound zone with maximum upper side limit is 3960-3965 and support at 3730 & 3680. Above 3965 we can see levels of 4050 & 4100++ levels.
Any sharp panic will be buying opportunity but trade with levels only.
We are bullish in Natural Gas from 180-182 levels. Natural Gas has made a high of 187.70.
Above 189-190 levels we can see rocking move in Natural Gas for target 197,204+ mark. Maintain SL of 176.
More will be updated soon, keep visiting!!
Don’t trade like beggars, always trade with small quantity and be a positional trader.