Buy Crudeoil Dec 2021 @ 5400 SL 5320 TGT 5500-5540.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5291-5603.
Crude oil settled flat as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines.
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
Oil inventories fall by 3.1m barrels last week: API
The global economy expanded for a seventeenth straight month in November, according to the JPMorgan Global PMI
BUY CRUDEOIL DEC 2021 @ 5400 SL 5320 TGT 5500-5540.MCX
NATURAL GAS
Natural gas trading range for the day is 277.8-304.2.
Natural gas rose on forecasts for more heating demand this week than previously expected
The U.S. market followed a 7% jump in European gas prices that should keep U.S. liquefied natural gas (LNG) exports at record highs.
Data provider Refinitiv said output in the U.S. Lower 48 states has averaged 96.3 billion cubic feet per day (bcfd) so far in December
Spain's October natural gas imports rise 40.6% from Oct 2020
BUY NAT GAS DEC 2021 @ 280.00 SL 268.00 TGT 292.00-298.00.MCX
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