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CRUDEOIL

Crude oil trading range for the day is 6390-6672.

Crude oil gains as optimism about increased demand for fuel from China after the countryabruptly ended its Covid restrictions helped as well.

Brent crude logs 10% gain in 2022, WTI records 7% increase

Year marked by Ukraine war supply concerns, Chinese demand drop

Heading into 2023, China's COVID spike hurts demand outlook

BUY CRUDEOIL JAN 2023 @ 6500 SL 6420 TGT 6580-6650.MCX

NATURAL GAS

Natural gas trading range for the day is 358.1-396.7.

Natural gas recovered after the EIA said utilities pulled 213 billion cubic feet (bcf) of gasfrom storage due to severe cold

However, concerns eased about supply disruptions including wells and pipes freezing dueto extreme cold

Estimated 315 heating degree days (HDDs) over the next two weeks in the lower 48 U.S.states, down from 327 HDDs estimated

Gas output was up about 10 bcfd over the past four days in the U.S. lower 48 states

BUY NAT GAS JAN 2023 @ 360.00 SL 340.00 TGT 390.00-410.00.MCX

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