Fundamental : US Trariff rates Affected UsOil Market . Demand for crudeOil Will decrease in uncoming months. Technicals: US oil Broke Multiple year support zone. Possible Downside move in Crudeoil MCX will be RS3500 from CMP . Strick Stoploss- RS6200.
Naturalgas Buy- CMP 340, SL- 330, Target - 370-380 Naturalgas showing Upmove From CMP. if Buyer Sustain Currant CMP will go upto 370-380 in 1-2 months
Date- 12-march-2025 Naturalgas Looking Good For buy for 2-3 day for 15-20 point with stop-360 CMP- 363 . It will move upward from CMP if Buyer Sustain Price Above CMP.
Crudeoil Looking Bullish From CMP. Expect Slightly Sideways price movement from cmp. overall looking good to capture 1000 points in 1-2 months time horizon with Favoruable Risk. If Buyers Sustain price above cmp.
Naturalgas near buying zone range Rs160-165 for Short term ( 7-10 days) . Price is near 50 EMA on 1hr timeframe. Price went above VWAP which indicate Buyers are interested to Move price further. Expect upmove till Rs390-395 if buyer sustain price.