Buy Crude oil JAN 2023 @ 6420 SL 6350 TGT 6500-6560.MCX -
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Crude oil
Crude oil trading range for the day is 6224-6886.
IMF head Kristalina Georgiva warned that 2023 is going to be a tough year as the mainengines of growth
The Chinese government has raised export quotas for refined oil products in the firstbatch for 2023.
China's factory activity shrank in December as surging COVID-19 infections disruptedproduction and weighed on demand
BUY CRUDEOIL JAN 2023 @ 6420 SL 6350 TGT 6500-6560.MCX
Natural gas
Natural gas trading range for the day is 311.9-378.5.
Natural gas dropped amid prospects of lower heating demand on forecasts for muchwarmer-than-normal temperatures through mid-January
Pressuring prices further, the Freeport LNG export plant in Texas, again delayed therestart to the second half of January
EIA said utilities pulled 213 billion cubic feet (bcf) of gas from storage due to severe cold
Estimated 315 heating degree days (HDDs) over the next two weeks in the lower 48 U.S.states, down from 327 HDDs estimated
BUY NAT GAS JAN 2023 @ 325.00 SL 310.00 TGT 350.00-370.00.MCX
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