dhanteras 2016 special-MCX Energy Intraday Outlook

MCX Crude oil intraday trading on dhanteras 2016

MCX Crude oil intraday trading on dhanteras 2016

Mcx crude oil future last closed at 3342 with gain. Mcx crude oil achieved 3325 corrective target and now hovering around it and above 3325 remain buy. For today, mcx crude oil future outlook is bullish and strategy remain buy at support zones with stop loss. Mcx crude oil intraday support zones are 3320 and 3250 and these are buying levels. Mcx crude oil intraday resistances are 3400 and 3480 and these are intraday profit booking levels. Mcx crude oil above 3460 become super bullish for targets 3600 and 3800+. MCX natural gas intraday trading on dhanteras 2016

MCX natural gas intraday trading on dhanteras 2016

Mcx natural gas future last closed at 204.3 with gain. Mcx ng November future opened with heavy premium which is shorting opportunity in my view. Mcx natural gas future might test 193 and 180 level on downside in medium terms. For intraday, mcx natgas outlook is bearish and strategy remain sell on rise. Mcx ng intraday support zones are 198 and 193 and these are intraday target zones for this energy commodity. Mcx natgas intraday resistances are 210 and 214 and these are intraday resistances as well as fresh selling zones. Mcx natgas October future achieved my downside targets of 193 and 179.

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Pramod Baviskar

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