Daily Research Report 23 DECEMBER 2015

CRUDE OIL

BUY   TARGET   SL   SELL   TARGET   SL

2440   2540   2410   2380   2280   2410
Technically, Crude Oil JAN futures have strong support at 2380 & Resistance at 2440 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  2440 levels.

For the day Sell in Crude oil  DEC  futures if it breaks below  2380  a  target  of  2280  or  If  it  Breaks  2440 levels  go  long  or  a  target  of  2540  Levels.

NATURAL GAS

BUY    TARGET   SL  SELL  TARGET  SL

128 135 126 123 118 125

Technically, Natural Gas DEC futures have strong support at 123 & Resistance at 128 levels. The broad trend   remains Bullish So, it’s advised to go buy in all the lower levels with a final SL at 123 levels.

For the day Sell Natural Gas DEC Futures if it breaks 123 levels for a target of 118 contrarily go long in Natural Gas NOV Futures if it breaks above 128 levels for a target of 135.

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.