Daily Research Report 08 JANUARY 2016

CRUDE OIL

BUY   TARGET   SL   SELL   TARGET   SL

2290 2390 2260 2230 2130 2250

Technically, Crude Oil JAN futures have strong support at 2230   & Resistance at 2290 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 2290 levels

For the day Sell in Crude oil JAN futures if it breaks below 2230 a target of 2130 or If it Breaks 2290 levels go long or a target of 2390 Levels.

NATURAL GAS

BUY   TARGE T SL   SELL   TARGET   SL

162 169 160 156 148 158

Technically, Natural Gas JAN futures have strong support at 156 & Resistance at 162 levels. The broad trend remains Bullish So, it’s advised to go buy in all the lower levels with a final SL at 156 levels

For the day Sell Natural Gas JAN Futures if it breaks   156 levels for a target of 148 contrarily go long in Natural Gas JAN Futures if it breaks above 162 levels for a target of 169.

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.