LONDON, March 20, 2013 /PRNewswire/ --

Markets remained jittery following Cyprus's refusal to go ahead with bank tax measures. However, Fed is expected to keep up its bond-buying spree, providing a little relief to the markets. Oil and gas stocks followed the market-wide trend and remained in the red zone. We took a look at Basic Materials sector, more precisely the Independent Oil & Gas industry which includes leading companies like Chesapeake Energy Corp. (NYSE: CHK), Southwestern Energy Co. (NYSE: SWN), Talisman Energy Inc. (NYSE: TLM), Noble Energy Inc. (NYSE: NBL) and McMoran Exploration Co. (NYSE: MMR). StockCall has posted free technical research reports on CHK, SWN, TLM, NBL, and MMR and these can be accessed by signing up at

http://www.stockcall.com/analysis

Shares of Chesapeake Energy Corporation ended its previous trading session lower at $21.04, down 5.10 percent. It traded 20.53 million shares during yesterday's session. The stock is up more than 27 percent this year, outperforming the broad market. The stock has slipped from $21.95 resistance level. It has support at around $20.89 at the moment. Despite its downward movement, Chesapeake Energy is still trading above its 20-day and 50-day moving averages of $20.66 and $19.65. Download the free report on CHK upon registration at

http://www.StockCall.com/CHK032013.pdf

Southwestern Energy Company's stock is in a bullish mode and is trading above its 20-day SMA of $38.32. It ended its latest trading session 0.59 percent lower at $38.44, and the stock oscillated in the range of $37.92 and $38.80 during yesterday's session. The stock trades at Forward Price/Earnings ratio of 20.02, in-line with the industry average. The company's is expected to face its first resistance level at $38.28. Upon breaching this level, the stock may touch $38.49. SWN technical report can be accessed for free by signing up at

http://www.StockCall.com/SWN032013.pdf

Talisman Energy Inc.'s stock closed flat at $12.02. The stock traded in the range of $11.83 and $12.10 during Tuesday's session and is currently above it 20-day moving average price of $11.99. It traded 4.40 million shares, in comparison to its regular trading volume of 5.94 million. Talisman Energy gained 8.88 percent this year. The stock is in a bullish phase and its first resistance level is at $12.22. On the downside, its first support is at $11.97. Upon breaching this level, its second support level is at 11.79. Free report on TLM can be accessed by registering at

http://www.StockCall.com/TLM032013.pdf

Despite a downward movement in its previous trading session, Noble Energy Inc. is still up 15.51 percent for the year. It has gained 14.61 percent in the past 52 weeks. The stock closed 1.21 percent lower at $114.25 on volume of 799,996 shares on Tuesday. Its average trading volume stands at 1.10 million shares. Noble Energy's shares currently face resistance at around $114.66. The stock has support at around $112.41. It is currently trading above its 20-day and 50-day moving average price of $111.95 and $110.10 respectively. Register with StockCall and download the research on NBL for free at

http://www.StockCall.com/NBL032013.pdf

McMoran Exploration Co. traded in the range of $16.10 and $16.23 in yesterday's trading session and ended the day at $16.16, down 0.06 percent. The stock's 52 weeks range stands at $7.25 and $16.30. McMoran has gained 20.6 percent of its value in the past 12 months, while it gained 2.6 percent this calendar year. The company's is in a bullish mode and may find its first support level at $16.05. Read the full free research on MMR by signing up to StockCall at

http://www.StockCall.com/MMR032013.pdf

About StockCall.com

StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at

http://www.stockcall.com

SOURCE StockCall.com