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Published on 28/09/2022 12:40:34 PM | Source: Kedia Advisory

Buy Crudeoil Oct 2022 @ 6400 SL 6280 TGT 6550-6650.MCX - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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CRUDEOIL

Crude oil trading range for the day is 6238-6638.

Crude oil prices rose as the dollar eased and Hurricane Ian advanced to the west coast of Florida.

Only OPEC+ output cut can break negative momentum in oil – UBS

BP, Chevron cut offshore oil production ahead of Hurricane Ian

Iraq says OPEC monitoring prices, seeks market balance

BUY CRUDEOIL OCT 2022 @ 6400 SL 6280 TGT 6550-6650.MCX

NATURAL GAS

Natural gas trading range for the day is 534.6-607.8.

Natural gas fell as Hurricane Ian advanced toward Florida and on forecasts for milder weather over the next two weeks that will likely cut gas demand.

There are growing worries about future Russian supplies after Nord Stream reported a pressure drop on both strings of the pipeline, currently shut.

Hurricane Ian was expected to produce wind and storm surge impacts in western Cuba, the National Hurricane Center (NHC) said

Average gas output in the U.S. Lower 48 states rose to 98.8 bcfd so far in September from a record 98.0 bcfd in August.

BUY NAT GAS OCT 2022 @ 540.00 SL 520.00 TGT 570.00-585.00.MCX

 

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