DEC 31 WEDNESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 281 , S2 RS 278 , S3 RS 275
R1 RS 287 , R2 RS 290 , R3 RS 292
WAIT FOR CONFIRMATION.
Wednesday, December 31, 2008
Tuesday, December 30, 2008
UPDATES
TECHNICALS FOR DECEMBER 30
MCX JAN NATURAL GAS
SHORT TERM : BULLISH
LONG TERM ; BEARISH
SUPPORTS ; 289, 286, 283.50
RESISTANCE : 295 , 298 , 302
STAY LONG AT SUPPORT.
MCX JAN NATURAL GAS
SHORT TERM : BULLISH
LONG TERM ; BEARISH
SUPPORTS ; 289, 286, 283.50
RESISTANCE : 295 , 298 , 302
STAY LONG AT SUPPORT.
Monday, December 29, 2008
TECHNICALS FOR DEC 29 EVENING TRADE
DEC 29 MONDAY
TRADING LEVELS FOR NYMEX EVENING TRADE
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 288 , S2 RS 285 , S3 RS 281.50
R1 RS 293 , R2 RS 297 , R3 RS 302.
STAY LONG AT SUPPORT.
TRADING LEVELS FOR NYMEX EVENING TRADE
SHORT TERM TREND : BULLISH
LONG TERM TREND : BEARISH
S1 RS 288 , S2 RS 285 , S3 RS 281.50
R1 RS 293 , R2 RS 297 , R3 RS 302.
STAY LONG AT SUPPORT.
UPDATES ON DEC 29 2008
DEC 29 MONDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 281 , S2 RS 278 , S3 RS 275
R1 RS 286 , R2 RS 289 , R3 RS 291
The US gasoline inventories rose 3.34 million
barrels last week as per the report of the
Energy Department.
The build in gasoline supplies will put pressure
on the market.
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARISH
S1 RS 281 , S2 RS 278 , S3 RS 275
R1 RS 286 , R2 RS 289 , R3 RS 291
The US gasoline inventories rose 3.34 million
barrels last week as per the report of the
Energy Department.
The build in gasoline supplies will put pressure
on the market.
Friday, December 26, 2008
UPDATES
TECHNICALS FOR EVENING TRADE
DECEMBER 26
MCX JAN NAT GAS
SHORT TERM : SIDEWAYS
LONG TERM ; BEARISH
SUPPORTS : 282, 278, 275
RESISTANCES ; 288, 291, 293
WAIT FOR CONFIRMATION
DECEMBER 26
MCX JAN NAT GAS
SHORT TERM : SIDEWAYS
LONG TERM ; BEARISH
SUPPORTS : 282, 278, 275
RESISTANCES ; 288, 291, 293
WAIT FOR CONFIRMATION
Wednesday, December 24, 2008
UPDATES
TECHNICALS FOR NYMEX TRADING
DECEMBER 24
MCX JAN NAT GAS
SHORT TERM : SIDEWAYS
LONG TERM : BEARISH
SUPPORTS ; 273, 270,60, 268
RESISTANCES ; 279, 281, 283
WAIT FOR CONFIRMATION
DECEMBER 24
MCX JAN NAT GAS
SHORT TERM : SIDEWAYS
LONG TERM : BEARISH
SUPPORTS ; 273, 270,60, 268
RESISTANCES ; 279, 281, 283
WAIT FOR CONFIRMATION
UPDATES
TECHNICALS FOR DECEMBER 24
MCX JANUARY NAT GAS
SHORT TERM ; SIDEWAYS
LONG TERM " BEARISH
SUPPORTS : 273, 270.60, 268
RESISTANCES ; 279, 281, 283
WAIT FOR CONFIRMATION
MCX JANUARY NAT GAS
SHORT TERM ; SIDEWAYS
LONG TERM " BEARISH
SUPPORTS : 273, 270.60, 268
RESISTANCES ; 279, 281, 283
WAIT FOR CONFIRMATION
Tuesday, December 23, 2008
UPDATES
TECHNICALS FOR NYMEX TRADING
DECEMBER 23
MCX JANUARY NAT GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 258.30, 255, 251
RESISTANCES : 265, 268, 271
WAIT FOR CONFIRMATION
DECEMBER 23
MCX JANUARY NAT GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 258.30, 255, 251
RESISTANCES : 265, 268, 271
WAIT FOR CONFIRMATION
UPDATES
TECHNICALS FOR DECEMBER 23
MCX JANUARY NATURAL GAS
SHORT TERM ; BEARISH
LONG TERM : BEARISH
SUPPORTS ; 251.30, 249,247
RESISTANCES :256, 259,,262
STAY SHORT AT RESISTANCES.
Natural gas fell for a fourth day on concern a recession
in the U.S. will reduce demand, keeping stockpiles above
average for this time of year.
Natural gas for January delivery fell 4 cents, or 0.8
percent, to settle at $5.294 per million British thermal
units at 3:01 p.m. on the New York Mercantile Exchange.
Today’s settlement price is the lowest since Sept. 27,
2006, when it was $4.201 per million Btu.
U.S. gas stockpiles in the week ended Dec. 12 were 3.7
percent above the five-year average, greater than a
3.5 percent surplus a week earlier, the Energy Department
said last week. Supplies were 3.167 trillion cubic feet.
MCX JANUARY NATURAL GAS
SHORT TERM ; BEARISH
LONG TERM : BEARISH
SUPPORTS ; 251.30, 249,247
RESISTANCES :256, 259,,262
STAY SHORT AT RESISTANCES.
Natural gas fell for a fourth day on concern a recession
in the U.S. will reduce demand, keeping stockpiles above
average for this time of year.
Natural gas for January delivery fell 4 cents, or 0.8
percent, to settle at $5.294 per million British thermal
units at 3:01 p.m. on the New York Mercantile Exchange.
Today’s settlement price is the lowest since Sept. 27,
2006, when it was $4.201 per million Btu.
U.S. gas stockpiles in the week ended Dec. 12 were 3.7
percent above the five-year average, greater than a
3.5 percent surplus a week earlier, the Energy Department
said last week. Supplies were 3.167 trillion cubic feet.
Monday, December 22, 2008
UPDATES ON DEC 22 2008
DEC 22 MONDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 262 , S2 RS 258 , S3 RS 252
R1 RS 266 , R2 R S269 , R3 RS 273
STAY SHORT AT RESISTENCE.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 262 , S2 RS 258 , S3 RS 252
R1 RS 266 , R2 R S269 , R3 RS 273
STAY SHORT AT RESISTENCE.
Friday, December 19, 2008
UPDATES ON DEC 19 2008
DEC 19 FRIDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 260 , S2 RS 258 , S3 RS 255
R1 RS 265 , R2 RS 268 , R3 RS 271
STAY SHORT AT RESISTENCE.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 260 , S2 RS 258 , S3 RS 255
R1 RS 265 , R2 RS 268 , R3 RS 271
STAY SHORT AT RESISTENCE.
Thursday, December 18, 2008
UPDATES
TECHNICALS FOR DECEMBER 18
NYMEX TRADING
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS ; 261, 258, 255
RESISTANCES : 266, 269, 271
STAY SHORT AT RESISTANCES
NYMEX TRADING
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS ; 261, 258, 255
RESISTANCES : 266, 269, 271
STAY SHORT AT RESISTANCES
UPDATES
TECHNICALS FOR DECEMBER 18
MCX DECEMBER NATURAL GAS
SHORT TERM ;SIDEWAYS
LONG TERM : BEARISH
SUPPORTS : 261, 258, 255
RESISTANCES : 266, 269, 271
STAY SHORTAT RESISTANCES
MCX DECEMBER NATURAL GAS
SHORT TERM ;SIDEWAYS
LONG TERM : BEARISH
SUPPORTS : 261, 258, 255
RESISTANCES : 266, 269, 271
STAY SHORTAT RESISTANCES
Wednesday, December 17, 2008
UPDATES
TECHNICALS FOR DECEMBER 17
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 271, 268, 265
RESISTANCES : 276, 279, 281
STAY SHORT AT RESISTANCES
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 271, 268, 265
RESISTANCES : 276, 279, 281
STAY SHORT AT RESISTANCES
Tuesday, December 16, 2008
UPDATES
TECHNCALS FOR NYMEX TRADING
DECEMBER 16
MCX DECEMBER NATURAL GAS
SHORT TERM ; BEARISH
LONG TERM : BEARISH
SUPPORTS : 267, 265, 262
RESISTANCES : 273, 275, 280
STAY SHORT AT RESISTANCES
DECEMBER 16
MCX DECEMBER NATURAL GAS
SHORT TERM ; BEARISH
LONG TERM : BEARISH
SUPPORTS : 267, 265, 262
RESISTANCES : 273, 275, 280
STAY SHORT AT RESISTANCES
UPDATES
TECHNICALS FOR DECEMBER 16
MCX DECEMBER NATURAL GAS
SHORT TERM: BEARISH
LONG TERM : BEARISH
SUPPORTS : 267,265, 262
RESISTANCES : 273, 275, 278
STAY SHORT AT RESISTANCES
MCX DECEMBER NATURAL GAS
SHORT TERM: BEARISH
LONG TERM : BEARISH
SUPPORTS : 267,265, 262
RESISTANCES : 273, 275, 278
STAY SHORT AT RESISTANCES
Friday, December 12, 2008
UPDATES
TECHNICALS FOR DECEMBER 12
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM ; BEARISH
SUPPORTS : 271, 269, 266
RESISTANCES ; 275, 278, 281
STAY SHORT AT RESISTANCES
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM ; BEARISH
SUPPORTS : 271, 269, 266
RESISTANCES ; 275, 278, 281
STAY SHORT AT RESISTANCES
Thursday, December 11, 2008
UPDATES
TECHNICALS FOR DECEMBER 11
MCX DECEMBER NATURAL GAS
SHORT TERM ; BEARISH
LONG TERM : BEARISH
SUPPORTS : 274, 270, 266
RESISTANCES : 279, 283, 289
STAY SHORT AT RESISTANCES
MCX DECEMBER NATURAL GAS
SHORT TERM ; BEARISH
LONG TERM : BEARISH
SUPPORTS : 274, 270, 266
RESISTANCES : 279, 283, 289
STAY SHORT AT RESISTANCES
Wednesday, December 10, 2008
UPDATES
TECHNICAL LEVELS FOR NYMEX TRADING
DECEMBER 10
MCX DECEMBER NAT GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 274, 270, 266
RESISTANCES : 279, 283, 289
STAY SHORT AT RESITANCES
DECEMBER 10
MCX DECEMBER NAT GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 274, 270, 266
RESISTANCES : 279, 283, 289
STAY SHORT AT RESITANCES
UPDATES ON DEC 10 2008
DEC 10 WEDNESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 274 , S2 RS 270 , S3 RS 266
R1 RS 281 , R2 RS 285 , R3 RS 289
STAY SHORT AT RESISTENCE.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 274 , S2 RS 270 , S3 RS 266
R1 RS 281 , R2 RS 285 , R3 RS 289
STAY SHORT AT RESISTENCE.
Tuesday, December 9, 2008
TECHNICAL LEVEL FOR NYMEX TRADE
DEC 9 TUESDAY
TRADING LEVEL FOR NYMEX TRADE IN EVENING SESSION
SHORT TERM TRE ND: BEARISH
LONG TERM TREND : BEARISH
S1 RS 271 , S2 RS 268 , S3 RS 264
R1 RS 276.50 , R2 RS 279 , R3 RS 282
STAY SHORT AT RESISTENCE.
TRADING LEVEL FOR NYMEX TRADE IN EVENING SESSION
SHORT TERM TRE ND: BEARISH
LONG TERM TREND : BEARISH
S1 RS 271 , S2 RS 268 , S3 RS 264
R1 RS 276.50 , R2 RS 279 , R3 RS 282
STAY SHORT AT RESISTENCE.
Monday, December 8, 2008
TECHNICAL LEVELS FOR NYMEX TRADE
DEC 8 MONDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 274 , S2 RS 270 , S3 RS 266
R1 RS 281 , R2 RS 285 , R3 RS 289
STAY SHORT AT RESISTENCE.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 274 , S2 RS 270 , S3 RS 266
R1 RS 281 , R2 RS 285 , R3 RS 289
STAY SHORT AT RESISTENCE.
UPDATES ON DEC 8 2008
DEC 8 MONDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 286 , S2 RS 283 , S3 RS 280
R1 RS 291 , R2 RS 294 , R3 RS 298
STAY SHORT AT RESISTENCE.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 286 , S2 RS 283 , S3 RS 280
R1 RS 291 , R2 RS 294 , R3 RS 298
STAY SHORT AT RESISTENCE.
Friday, December 5, 2008
TECHNICAL LEVELS FOR NYMEX TRADING
DEC 5 FRIDAY
TRADING LEVELS FOR EVENING NYMEX TRADE
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 288.30 , S2 RS 285 , S3 RS 281
R1 RS 294 , R2 RS 298 , R3 RS 302
STAY SHORT AT RESISTENCE.
TRADING LEVELS FOR EVENING NYMEX TRADE
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 288.30 , S2 RS 285 , S3 RS 281
R1 RS 294 , R2 RS 298 , R3 RS 302
STAY SHORT AT RESISTENCE.
UPDAES ON DEC 5 2008
DEC 5 FRIDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND: BEARISH
S1 RS 300.30 , S2 RS 297 , S3 RS 294
R1 RS 306 , R2 RS 309 , R3 RS 312
STAY SHORT AT RESISTENCE.
SHORT TERM TREND : BEARISH
LONG TERM TREND: BEARISH
S1 RS 300.30 , S2 RS 297 , S3 RS 294
R1 RS 306 , R2 RS 309 , R3 RS 312
STAY SHORT AT RESISTENCE.
Thursday, December 4, 2008
UPDATES
TECHNICALS FOR DECEMBER 4
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 318.60, 315, 311
RESISTANCES : 323, 326, 330.40
STAY SHORT AT RESISTANCES
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 318.60, 315, 311
RESISTANCES : 323, 326, 330.40
STAY SHORT AT RESISTANCES
Wednesday, December 3, 2008
UPDATES
TECHNICAL LEVELS FOR NYMEX TRADING
DECEMBER 3
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 318.60, 315, 311
RESISTANCES : 323, 326, 330.40
STAY SHORT AT RESISTANCES
DECEMBER 3
MCX DECEMBER NATURAL GAS
SHORT TERM : BEARISH
LONG TERM : BEARISH
SUPPORTS : 318.60, 315, 311
RESISTANCES : 323, 326, 330.40
STAY SHORT AT RESISTANCES
UPDATES ON DEC 3 2008
DEC 3 WEDNESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 322.60 S2 RS 320 , S3 RS 317
R1 RS 328 , R2 RS 331 , R3 RS 33.40
STAY SHORT AT RESISTENCE.
U.S. gasoline purchases last week rose from the previous week by
1.7 percent, MasterCard Inc. said in its SpendingPulse report.
That is still down 0.3 percent from the same period a year ago.
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 322.60 S2 RS 320 , S3 RS 317
R1 RS 328 , R2 RS 331 , R3 RS 33.40
STAY SHORT AT RESISTENCE.
U.S. gasoline purchases last week rose from the previous week by
1.7 percent, MasterCard Inc. said in its SpendingPulse report.
That is still down 0.3 percent from the same period a year ago.
Tuesday, December 2, 2008
UPDATES
TECHNICALS FOR NYMEX TRADING
DECEMBER 2
MCX DECEMBER NATURAL GAS
SHORT TERM ; SIDEWAYS
LONG TERM ; BEARISH
SUPPORTS : 326, 323, 320
RESISTANCES : 331, 334.50, 338
STAY SHORT AT RESISTANCES
DECEMBER 2
MCX DECEMBER NATURAL GAS
SHORT TERM ; SIDEWAYS
LONG TERM ; BEARISH
SUPPORTS : 326, 323, 320
RESISTANCES : 331, 334.50, 338
STAY SHORT AT RESISTANCES
UPDATES ON DEC 2 2008
DEC 2 TUESDAY
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARIH
S1 RS 333.30 , S2 RS 329.50 , S3 RS 326
R1 RS 339 , R2 RS 342 , R3 RS 345
Natural gas expected to trade sideways as prices appear in a
consolidation mode.
With winter season in US going on the downside in gas prices
can be limited .
MCX Dec contract has support at Rs 314 levels and
resistence is at Rs 340 levels.
SHORT TERM TREND : SIDEWAYS
LONG TERM TREND : BEARIH
S1 RS 333.30 , S2 RS 329.50 , S3 RS 326
R1 RS 339 , R2 RS 342 , R3 RS 345
Natural gas expected to trade sideways as prices appear in a
consolidation mode.
With winter season in US going on the downside in gas prices
can be limited .
MCX Dec contract has support at Rs 314 levels and
resistence is at Rs 340 levels.
Monday, December 1, 2008
UPDATES ON DEC 1 2008
DEC 1 MONDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND: BEARISH
S1 RS 322.50 , S2 RS 318 , S3 RS 315
R1 RS 326 , R2 RS 330 , R3 RS 333
Natural gas is expected to trade sideways after a
sharp rally in previous trading sessions.
With winter season in US the downside may be limited.
Nymex January future may trade in the range of $ 7.15
to $ 6.50.
SHORT TERM TREND : BEARISH
LONG TERM TREND: BEARISH
S1 RS 322.50 , S2 RS 318 , S3 RS 315
R1 RS 326 , R2 RS 330 , R3 RS 333
Natural gas is expected to trade sideways after a
sharp rally in previous trading sessions.
With winter season in US the downside may be limited.
Nymex January future may trade in the range of $ 7.15
to $ 6.50.
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