Market Update

Market Watch

Saturday 8 December 2012

Natural Gas, Crude Oil and Aluminium Trends for 08/Dec/12


NATURAL GAS TREND

Trend updated for-Dec/08/2012.CMP-196 The Naturalgas is in long- term bull phase .Currently Naturalgas is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 186-178-.Resistance for the Naturalgas is 199-202-205-207-


CRUDE OIL TREND
Trend updated for-Dec/08/2012.CMP-4691 Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Crudeoil above 4962 or buy with strict stop at 4654. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 4654.Resistance for the Crudeoil is 4797-4821-4835-4855-4880-4988-


ALUMINIUM TREND
Trend updated for-Dec/08/2012.CMP-113 The Aluminium is in long- medium- short-medium- short- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing SELL signal For short term The current position is BUY .Positionally Support for the Aluminium is 111-109-108-107-. Immediate resistance for Aluminium is 115

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