energy commodity intraday outlook 5 may 2016

energy commodity intraday outlook 5 may 2016 Mcx crude oil future on 4th may 2016 closed at 2904. Oil future is retracing as expected towards 2815 zone. For intraday, 2950 and 3030 are resistance levels while 2860 and 2815 are support zones.     Mcx natural gas future on 4th may 2016 closed at 144 with strong gains.     As expected above 135 natgas prices taken support and moving towards my tgts 152 and 162. For today 5th may 2016, ng future support zones are 141 and 137 while on upside 147 and 152 are resistances.

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Pramod Baviskar

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