Buy Natural Gas December 2022 @ 485.00 SL 470.00 TGT 510.00-525.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5710-6368.
Crudeoil dropped as renewed recession fears gripped financial markets
Reports emerged that some tankers carrying Russian oil are facing delays in crossing to the Mediterranean from Russia's Black Sea ports
U.S. oil output rises to 12.2 million bpd in latest week – EIA
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
BUY CRUDEOIL DEC 2022 @ 5900 SL 5800 TGT 6000-6100.MCX
NATURAL GAS
Natural gas trading range for the day is 466.4-527.4
Natural gas rose on forecasts of colder weather and higher heating demand over the next two weeks than previously expected.
That colder weather should force utilities to pull more gas from storage
Gas stockpiles were about 2.4% below the five-year (2017-2021) average for this time of year
Average gas output in the U.S. Lower 48 states rose to 99.6 bcfd so far in December, up from a monthly record of 99.5 bcfd in November
BUY NAT GAS DEC 2022 @ 485.00 SL 470.00 TGT 510.00-525.00.MCX
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