Buy Crudeoil Oct 2021 @ 5300 SL 5220 TGT 5380-5440.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5191-5389.
Crude oil prices dropped as supply returns slowly following two hurricanes in the U.S. Gulf of Mexico.
It is estimated that approximately 28 percent of the current oil production in the Gulf of Mexico is still shut in
IEA Executive Director Birol: $100/bbl crude would be a surprise this year
Kazakhstan ministry says compliance with OPEC+ deal at 206%
BUY CRUDEOIL OCT 2021 @ 5300 SL 5220 TGT 5380-5440.MCX
NATURAL GAS
Natural gas trading range for the day is 369.2-403.6.
Natural gas eased off on projections for slightly lower consumption through next week
A blistering rally in European and Asian gas prices has invigorated demand for cheaper supply from the United States
Also slowing the recent price rally, utilities added a higher-than-expected 83 billion cubic feet of gas into storage in the week ended Sept. 10.
Refinitiv said Freeport was still scheduled to take in about 0.2 billion cubic feet per day (bcfd), up from 0.05 bcfd
BUY NAT GAS SEP 2021 @ 390.00 SL 382.00 TGT 404.00-416.00.MCX
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