Buy Crudeoil Feb 2022 @ 6550 SL 6450 TGT 6650-6720.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6394-6738.
Crude oil ended with small gains ahead of the meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+.
U.S. crude inventories expected to rise in weekly reports
Iraq oil exports averaged 3.2 mln bpd in January – oil ministry
OPEC+ output misses cost almost $21 bln in lost revenue in 2021, data show
BUY CRUDEOIL FEB 2022 @ 6550 SL 6450 TGT 6650-6720.MCX
NATURAL GAS
Natural gas trading range for the day is 332.2-381.4.
Natural gas fell as forecasts pointed to less cold than expected weather over the next two weeks.
European gas demand seen falling this year due to cheaper coal-IEA
The number of rigs drilling for natural gas in the United States rose by 2 this week to 115
Qatar looks to profit from Europe natural gas fears over Ukraine.
BUY NAT GAS FEB 2022 @ 352.00 SL 338.00 TGT 366.00-372.00.MCX
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