Buy Crudeoil Dec 2021 @ 5420 SL 5340 TGT 5520-5560.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5275-5613.
Crude oil gained as OPEC raised its world oil demand forecast for the first quarter of 2022
Iraqi oil minister expects OPEC to maintain policy in next meeting
U.S. to sell 18 million bbls of oil from reserve on Dec 17
OPEC+ to continue to restore oil supply to meet growing demand – Novak
BUY CRUDEOIL DEC 2021 @ 5420 SL 5340 TGT 5520-5560.MCX
NATURAL GAS
Natural gas trading range for the day is 285.9-315.9.
Natural gas pared gains and settled flat as the weather was still expected to remain milder than normal through late December.
U.S. Henry Hub natgas annual price forecasts, 2021 to rise to 7 – year high
U.S. natural gas storage is expected to end the November-March withdrawal season at 1.635 tcf on March 31
The number of rigs drilling for natural gas in the United States rose by 3 to 105
BUY NAT GAS DEC 2021 @ 294.00 SL 282.00 TGT 306.00-312.00.MCX
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