Tuesday, November 25, 2008

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.

No comments:

Post a Comment