Buy Crudeoil Feb 2021 @ 4420 SL 4340 TGT 4520-4590.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4321-4545.
Crude oil prices pared gains amid prospects of OPEC increasing crude production
Saudi crude exports hit eight-month peak in December 2020
Oil drillers, refiners struggle with Texas deep freeze
OPEC chief optimistic about 2021 recovery but uncertainty remains
BUY CRUDEOIL FEB 2021 @ 4420 SL 4340 TGT 4520-4590.MCX
NATURAL GAS
Natural gas trading range for the day is 210.6-247.
Natural gas fell on a smaller-than-expected storage draw last week and forecasts for a reprieve from an Arctic blast.
EIA forecast U.S. utilities pulled 237 billion cubic feet (bcf) of gas from storage during the week ended Feb. 12.
The U.S. natural gas output slumped to 72.88 billion cubic feet per day (bcfd) on Wednesday, the lowest level since January 2017.
The U.S. natural gas output slumped to 72.88 billion cubic feet per day (bcfd), the lowest level since January 2017.
BUY NAT GAS FEB 2021 @ 232.00 SL 225.00 TGT 240.00-244.00.MCX
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