Buy Nat Gas Feb 2022 @ 292.00 SL 280.00 TGT 305.00-310.00.MCX - Kedia Advisory
CRUDEOIL
Crude oil trading range for the day is 6600-6982
Crude oil prices gained on an unexpected drop in U.S. crude inventories
U.S.-Iran nuclear talks reach urgent point -White House
U.S. crude inventories fell to lowest since Oct 2018 -EIA
Overall product supplied hit record 21.9 mln bpd last month –EIA
SELL CRUDEOIL FEB 2022 @ 6820 SL 6920 TGT 6700-6640.MCX
NATURAL GAS
Natural gas trading range for the day is 286.1-311.7.
Natural gas dropped on forecasts for less cold weather and lower heating demand over the next two weeks than previously expected.
U.S. natgas output, demand to rise in 2022 – EIA
U.S. natural gas storage is expected to end the November-March withdrawal season at 1.557 trillion cubic feet (tcf) on March 31
Egypt natural gas exports to reach 7.5 mln tonnes this fiscal year
BUY NAT GAS FEB 2022 @ 292.00 SL 280.00 TGT 305.00-310.00.MCX
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