Daily Research Report 07 JANUARY 2016

CRUDE OIL

BUY   TARGET   SL   SELL   TARGET   SL

2340   2440   2310   2260   2160   2290
Technically, Crude Oil JAN futures have strong support at 2260 & Resistance at 2340 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  2340 levels.

For the day Sell in Crude oil  JAN  futures if it breaks below  2260  a  target  of  2160  or  If  it  Breaks  2340 levels  go  long  or  a  target  of  2440  Levels.

NATURAL GAS

BUY    TARGET   SL   SELL  TARGET  SL

155 162 153 151 145 153

Technically, Natural Gas JAN futures have strong support at 151 & Resistance at 155 levels. The broad trend   remains Bullish So, it’s advised to go buy in all the lower levels with a final SL at 155 levels.

For the day Sell Natural Gas JAN Futures if it breaks 151 levels for a target of 146 contrarily go long in Natural Gas JAN Futures if it breaks above 155 levels for a target of 162.

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.