Crude oil: The counter declined sharply yesterday after breaching the trend line and 7 DMA support at 3230. The prices even fell below the 21 DMA and closed below the same at 3096 which is negative for the counter. However prices can take support at the 3070 crucial support levels. The RSI and +DI show a downwards crossover, which indicate weakness in the counter. Thus prices can fall further to 2980 levels on breaching 3070.    

Natural Gas: The counter moved lower after breaching the support at the 179 levels. The RSI have cross the MA on downwards and MACD is on the verge of crossover, which looks weak for the counter. Thus prices are expected to remain weak taking support at 168 levels.