Commodity market Pre-Opening May 14, 2018
In line with expectation, crude oil prices continued their uptrend, as the prices gave a gap up opening on Friday’s session. However, we saw some profit booking in the second half in a volatile trading session. We expect this profit booking to extend in today’s session as well. Close below 4,750 could drift prices towards 4,650 mark. Natural gas prices broke its resistance level of 186. If we see the prices sustaining above 190, there are high chances that it could touch 192/194 mark. Failure to sustain the same could drift the prices lower towards 187/185 mark.