Energy

Technical Outlook

Crude Oil chart is displaying bullishness in prices. Candlestick shows slight up trend in the market. The prices closed above short term and medium term EMA’s, which supports bulls. MACD is running flat in negative region. Technically market is positive overall unless any major breakout below 2905

Natural Gas chart is displaying a downtrend of prices Candlestick shows down trend in the market. The prices closed below short term and medium term EMA’s, which supports bears. MACD is running flat in negative region. Technically market is weak overall unless any major breakout above 256