TECHNICALS LEVELS FOR NYMEX TRADING

NOV 26 WEDNESDAY

TRADING LEVELS FOR EVENING TRADE

SHORT TERM TREND : BEARISH

LONG TERMN TREND : BEARISH

S1 RS 317.50 , S2 RS 314 , S3 RS 311

R1 RS 323 , R2 RS 326 , R3 RS 329

UPDATES ON NOV 26 2008

NOV 26 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 317.50 , S2 RS 314 , S3 RS 311

R1 RS 323 , R2 RS 326 , R3 RS 329

TECHNICAL LEVELS FOR NYMEX TRADING

NOV 25 TUESDAY

TRADING LEVELS FOR NYMEX TRADING

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 335 , S2 RS 331 , S3 RS 326

R1 RS 341 , R2 RS 344 , R3 RS 348

UPDATES ON NOV 25 2008

NOV 25 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 332 , S2 RS 328 , S3 RS 324

R1 RS 339 , R2 RS 341 , R3 RS 344

Newyork Mercantile December Natural gas futures

traded higher , as forecast of cold weather in gas

consuming regions supported gas prices.

December Natural gas ended at $ 6.480 up by 2.59 %.

Natural gas is expected to trade sideways up.

Nymex December future can trade in the range of $ 6.50

to $ 6.90.

UPDATES ON NOV 24 2008

NOV 24 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 328 , S2 RS 324 , S3 RS 321

R1 RS 333 , R2 RS 336.50 , R3 RS 339

SELL AT RESISTENCE.

Natural gas prices are expected to trade sideways

down on the back of weak oil prices.

Nymex December can trade in the range of $ 6.05

to $ 6.75.

UPDATES

TECHNICALS FOR NOVEMBER 21

MCX DECEMBER NAT GAS

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 322, 319, 316

RESISTANCES : 328, 331, 334

SELL AT RESISTANCES

UPDATES

TECHNICALS FOR NOVEMBER 20

MCX DECEMBER NATURAL GAS

SHORT TERM : BULLISH

LONG TERM : BEARISH

SUPPORTS : 338, 335

RESISTANCES : 344, 347

STAY LONG AT SUPPORTS

UPDATES ON NOV 18 2008

NOV 18 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 322 , S2 RS 319

R1 RS 328 , R2 RS 332

Natural gas will take cues from crude oil prices.

In the near term Nymex Dec future can trade in the

range of $ 6.05 to $ 6.75.

UPDATES ON NOV 17 2008

NOV 17 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 306 , S2 RS 303

R1 RS 311, R2 RS 314

Natural gas may take cues from todays inventory

data. In the near term NYMEX Dec futures can trade

in the range of $ 6.05 and $ 6.75.

UPDATES

TECHNICALS FOR NOVEMBER 14

MCX NOVEMBER NATURAL GAS

SHORT TERM: BEARISH

LONG TERM : BEARISH

SUPPORTS : 303, 298

RESISTANCES : 313, 318

SELL AT RESISTANCES

UPDATES

TECHNICALS FOR NOVEMBER 13

MCX NOVEMBER NATURAL GAS

SHORT TERM : BEARISH

LONG TERM: BEARISH

SUPPORTS : 318, 314

RESISTANCES : 331, 334

SELL AT RESISTANCES

UPDATES ON NOV 12 2008

NOV 12 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 328 , S2 RS 324

R1 RS 334 , R2 RS 337

SELL AT RESISTENCE.

Gasoline stockpiles probably increased 200,000

barrels from 196.1 million barrels the week before,

according to the survey. Supplies of distillate fuel,

a category that includes heating oil and diesel, rose

1 million barrels from 127.8 barrels the week before,

the survey showed.

Analyst fell Natural gas holds on positive tone

in spite of oil prices declined with heavy selling

pressure yesterday.

Natural gas prices are targeted at $ 8.04/mm BTU

target level in the short term.

Prices can trade above $ 7.70 that is Rs 336.10 / mm BTU

level today and then intraday buying is likely

to emerge to hit target $ 7.75 that is Rs 366.5 /mm BTU

levels.

UPDATES

TECHNICALS FOR NOVEMBER 11

MCX NOVEMBER NAT GAS

SHORT TERM : BEARISH

LONG TERM : BEARISH

SUPPORTS : 341, 338

RESISTANCES : 346, 352

SELL AT RESISTANCES

UPDATES

TECHNICALS FOR NOVEMBER 10

MCX NOVEMBER NATURALGAS

SHORT TERM : SIDEWAYS

LONG TERM : BEARISH

SUPPORTS: S1 324, S 2 321

RESISTANCES : R1 330, R2 334

WAIT FOR CONFIRMATION

UPDATES

PIVOTS FOR NOVEMBER 7

MCX NOVEMBER NAT GAS

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SUPPORTS : S1 332, S2 328

RESISTANCES : R1 338, R2 341

STAY SHORT AT RESISTANCES

UPDATES ON NOV 6 2008

NOV 6 THURSDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEAISH

S1 RS 341.50 , S2 RS 339

R1 RS 348 , R2 RS 351

Natural Gas Futures Advance Before U.S. Inventory Report .

Natural gas in New York rose for a fourth day before

a government report tomorrow that may show a

smaller-than-average U.S. inventory increase, as

cold weather spurred demand for the heating fuel.

Supplies probably rose 24 billion cubic feet in the week ended

Oct. 31, according to the median of 14 analyst estimates

compiled by Bloomberg.

Natural gas for December delivery gained 3 cents, or 0.4

percent, to settle at $7.249 per million British thermal

units at 2:50 p.m. on the New York Mercantile Exchange.

Gas closed above the 50-day moving average for the second

consecutive day. Prices yesterday broke above the average

for the first time since July 10 and closed above $7 per

million Btu for the first time in a month.

Gas inventories will total about 3.4 trillion cubic feet to start

the cold-weather season in the U.S., when demand peaks for

the fuel. Supplies in last week's Energy Department report

were 2.9 percent above the five-year average.

Stockpiles typically rise from April until early November, when

cold weather sends demand higher.

UPDATES ON NOV 5 2008

NOV 5 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 341 , S2 RS 337

R1 RS 346 , R2 RS 351.

UPDATES ON NOV 4 2008

NOV 4 TUESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 322 , S2 RS 318

R1 RS 329.40 , R2 RS 333

STAY SHORT AT RESISTENCE.

UPDATES ON NOV 3 2008

NOV 3 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 328 , S2 RS 323

R1 RS 334 , R2 RS 337

WAIT FOR CONFIRMATION.