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Published on 23/10/2020 1:59:52 PM | Source: Kedia Advisory

Buy Natural Gas Oct 2020 @ 219.00 SL 214.00 TGT 224.00-228.00.MCX By Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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CRUDEOIL

Crude oil trading range for the day is 2882-3084.

Crude oil finished higher with a fall in U.S. jobless claims boosting expectations for an economic recovery and progress toward another round of coronavirus aid

U.S. crude exports likely to be muted through 2020 as production slides

U.S. crude stockpiles dip, gasoline builds amid weak fuel demand -EIA

Refinery runs and crude production both fell sharply, however, attributed to ongoing disruptions from Hurricane Delta.

SELL CRUDEOIL NOV 2020 @ 2980 SL 3050 TGT 2910-2860.MCX

NATURAL GAS

Natural gas trading range for the day is 216.5-228.7.

Natural gas settled flat on a slightly smaller than expected weekly storage build and as liquefied natural gas (LNG) exports keep rising.

Gas prices have soared in recent days as LNG exports jumped higher, output slowed and on forecasts for colder weather.

U.S. exports fell from March to July as coronavirus-related demand destruction caused prices in Europe and Asia to collapse to record lows

BUY NAT GAS OCT 2020 @ 219.00 SL 214.00 TGT 224.00-228.00.MCX

 

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