Daily Research Report 29 DECEMBER 2015

CRUDE OIL

BUY   TARGET   SL   SELL   TARGET   SL

2590   2690   2560   2420   2320   2450
Technically, Crude Oil JAN futures have strong support at 2420 & Resistance at 2590 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  2590 levels.

For the day Sell in Crude oil  DEC  futures if it breaks below  2420  a  target  of  2320  or  If  it  Breaks  2590 levels  go  long  or  a  target  of  2690  Levels.

NATURAL GAS

BUY    TARGET   SL  SELL  TARGET  SL

150 157 148 147 140 133

Technically, Natural Gas DEC futures have strong support at 147 & Resistance at 150 levels. The broad trend   remains Bullish So, it’s advised to go buy in all the lower levels with a final SL at 147 levels.

For the day Sell Natural Gas DEC Futures if it breaks 147 levels for a target of 140 contrarily go long in Natural Gas NOV Futures if it breaks above 150 levels for a target of 157.

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.