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