Daily Research Report 05 JANUARY 2016

CRUDE OIL

BUY   TARGET   SL   SELL   TARGET   SL

2520 2620 2490 2430 2330 2460

Technically, Crude Oil JAN futures have strong support at 2430   & Resistance at 2520 levels. The Broad Trend in Crude Oil remains Bearish. So, it’s advised to go sell on Crude Oil futures in all the higher levels with a final stop loss 2520 levels

For the day Sell in Crude oil JAN futures if it breaks below 2430 a target of 2330 or If it Breaks 2520 levels go long or a target of 2620 Levels.

NATURAL GAS

BUY   TARGE T SL   SELL   TARGET   SL

158 165 156 152 145 154

Technically, Natural Gas JAN futures have strong support at 152 & Resistance at 158 levels. The broad trend remains Bullish So, it’s advised to go buy in all the lower levels with a final SL at 152 levels

For the day Sell Natural Gas JAN Futures if it breaks   152 levels for a target of 146 contrarily go long in Natural Gas DEC Futures if it breaks above 158 levels for a target of 167.

These Recommendations are based on TECHNICAL ANALAYSIS, THEORY, RESEARCH and NEWS. Due care has been taken while preparing these comments, no responsibility will be assumed by author for the consequences what so ever, resulting out of acting on these recommendations we are not responsible for any losses made by traders. The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis and news. The author does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. Neither the author nor his company either trade or have position in any Call mentioned in this column.