MENU

Published on 9/12/2019 10:30:34 AM | Source: Kedia Commodity Ltd

Buy Nat Gas Dec 2019 @ 172.00 SL 168.00 TGT 176.00-178.00.MCX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Crude oil

* Crude oil trading range for the day is 4097-4247.

* Crude oil dropped on profit booking after prices gained on anticipation that producers will expand output cuts and after a sharp drop in U.S. crude inventories.

* OPEC is aiming to push for deeper reductions in output but needs the agreement of Russia and other producers to avoid a supply glut next year

* Russian energy minister Alexander Novak said that an OPEC+ ministerial panel has recommended deepening oil production cuts by 500,000 barrels per day.

* OPEC and allied oil producers, the so-called OPEC+, have agreed to deepen their output cuts by 500,000 barrels per day

* SELL CRUDEOIL DEC 2019 @ 4200 SL 4230 TGT 4140-4100.MCX

             

Natural gas

* Natural gas trading range for the day is 167.9-179.3.

* Natural gas gained after the latest weather forecasts confirmed that next week would be much colder than this week

* The EIA said utilities pulled just 19 billion cubic feet (bcf) of gas from storage during the week ended Nov. 29.

* Stocks would likely return to a surplus over the five-year average during the next month or so as rising production enables utilities to leave more gas in storage.

* Stocks would likely return to a surplus over the five-year average during the next month or so as rising production enables utilities to leave more gas in storage.

* BUY NAT GAS DEC 2019 @ 172.00 SL 168.00 TGT 176.00-178.00.MCX

 

To Read Complete Report & Disclaimer Click Here

 

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer