Daily Research Report 31 DECEMBER 2015

CRUDE OIL

BUY   TARGET   SL   SELL   TARGET   SL

2500   2600   2470   2430   2330   2450
Technically, Crude Oil JAN futures have strong support at 2430 & Resistance at 2500 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  2500 levels.

For the day Sell in Crude oil  JAN  futures if it breaks below  2430  a  target  of  2330  or  If  it  Breaks  2500 levels  go  long  or  a  target  of  2600  Levels.

NATURAL GAS

BUY    TARGET   SL   SELL  TARGET  SL

154 162 152 147 140 149

Technically, Natural Gas JAN futures have strong support at 147 & Resistance at 154 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 JAN Futures if it breaks 154 levels for a target of 146 contrarily go long in Natural Gas JAN Futures if it breaks above 160 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.