Buy Crudeoil Dec 2021 @ 5240 SL 5160 TGT 5340-5390.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5110-5690.
Crude oil prices rose as concerns over the impact of the Omicron coronavirus variant on global fuel demand eased
Indirect U.S.-Iran nuclear talks hit stumbling blocks
U.S. crude inventories expected to have dropped for 2nd week
China's Nov. crude imports rebound as refiners clear backlog
BUY CRUDEOIL DEC 2021 @ 5240 SL 5160 TGT 5340-5390.MCX
NATURAL GAS
Natural gas trading range for the day is 269.8-295.4.
Natural gas rose following a 7% gain in European gas futures that was expected to keep U.S. liquefied natural gas exports at record highs.
Rise in prices came despite forecasts for milder U.S. weather and lower heating demand over the next two weeks than previously expected.
Spain's October natural gas imports rise 40.6% from Oct 2020
Data provider Refinitiv said output in the U.S. Lower 48 states averaged 96.3 billion cubic feet per day (bcfd) so far in December
SELL NAT GAS DEC 2021 @ 276.00 SL 285.00 TGT 264.00-260.00.MCX
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