Buy Nat Gas Oct 2021 @ 364.00 SL 356.00 TGT 374.00-380.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5464-5658
Crude oil rallied amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.
Global oil demand seen reaching pre-pandemic levels by early 2022
Hess sees global oil demand at 100 mln bpd by end-2021/Q1 2022
Goldman Sachs raised by $10 its forecast for Brent crude at the end of this year to $90 per barrel
BUY CRUDEOIL OCT 2021 @ 5400 SL 5320 TGT 5480-5520.MCX
NATURAL GAS
Natural gas trading range for the day is 374.1-442.5.
Natural gas soared as record global gas prices kept demand for U.S. liquefied natural gas (LNG) exports strong.
U.S. prices increased despite forecasts for milder weather and lower demand next week than previously expected.
Gas speculators last week cut their net long positions for a second week in row to their lowest since May
U.S. utilities injected more gas than usual into stockpiles over the past two weeks and were expected to do so again in the latest inventory report
BUY NAT GAS OCT 2021 @ 364.00 SL 356.00 TGT 374.00-380.00.MCX
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