Buy Crudeoil Feb 2021 @ 4340 SL 4280 TGT 4400-4440.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4315-4451.
Crude oil rose after a Saudi-led coalition fighting in Yemen, raising fears of fresh Middle East tensions
Russia's Novak says oil market on recovery path
Iran oil output faces race against time as U.S. sanctions linger
U.S. drillers add oil and gas rigs for 12th week in a row
BUY CRUDEOIL FEB 2021 @ 4340 SL 4280 TGT 4400-4440.MCX
NATURAL GAS
Natural gas trading range for the day is 213.7-224.3.
Natural gas gained after forecasts called for even colder weather over the next two weeks than previously expected.
In their latest forecasts, meteorologists projected average U.S. temperatures will remain well below normal through Feb. 21.
Starting Feb. 22, however, the weather was expected to turn mild and stay that way through the end of the month.
U.S. natural gas storage is expected to end the November-March withdrawal season at 1.650 tcf the lowest since 2019.
BUY NAT GAS FEB 2021 @ 218.00 SL 212.00 TGT 224.00-228.00.MCX
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