NYMEX NATURAL GAS finding strong resistance at current levels.

NYMEX NATURAL GAS

Charts updated for - 16th February 2015.

• Natural Gas currently finding strong trend line resistance around current levels. Charts indicates if it holds above its trend line then we can see some bullish action in Natural Gas.
• But if it again holds below its trend line then some further weakness can be seen in coming days, as shown in above chart.
• Natural Gas Technical analysis.

NYMEX NATURAL GAS finding strong resistance, will favor bears as long as it holds below 2.7660.

NYMEX NATURAL GAS

Charts updated for - 11th February 2015.

• Natural gas made a bearish breakout as it closed below its important support @ 2.7660.
• Previous support is now acting as a major resistance for natural gas. As long as NG holds below 2.7660 bears will be favored and further price fall can be seen in coming days.
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NYMEX CRUDE OIL coming down from 50 DMA, looks weak with a stop loss of 54.24.

NYMEX CRUDE OIL

Charts updated for - 16th February 2015.

• Oil currently coming down from 50 days moving average, chart indicates as long as it holds below 54.24 it looks weak, short trades can use stop loss @ 54.24.
• Further strength can be seen in Crude Oil once it starts trading above 54.25.
• On down side crude will find trend line support around 43.58.
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MARATHON OIL moving in range bound zone, sharp movement expecting once it comes out from its pattern.

MARATHON OIL CORPORATION

• Stock moving in a range bound zone, chart indicates as long as it is moving in between its pattern trend will be mix. Sharp movement expecting once Marathon Oil comes out from its range.
• On upper side stock is finding resistance around 28.95, further price rise can be seen once stock closes and holds above 28.95.
• So far stock is holding above 50 days moving average this shows that bulls will be favored. Close Watch.
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WPX ENERGY made a bullish breakout as closed above its range bound zone.

WPX ENERGY

• Stock was moving in a range bound zone, and has closed above its range. This indicates further price rise can be seen as long as stock holds above 12.46. Its previous resistance will now act a major support for WPX Energy.
• Stock also closed above its 50 days moving average, this indicates as long as stock holds above its 50 DMA bulls will be favored.
• Technical also indicates that their is a sudden increase in volumes with price rise this shows that bulls are currently active in stock. Close Watch.
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