Buy Crudeoil JAN 2022 @ 5370 SL 5300 TGT 5445-5500.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5322-5554.
Crude oil gained as U.S. crude stocks in the Strategic Petroleum Reserve fell to the lowest since November 2002 last week.
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
Kazakhstan says exceeds OPEC+ quota in Dec due to seasonal needs
American Petroleum Institute reported that U.S. crude oil stocks fell by 3.7 million barrels last week
BUY CRUDEOIL JAN 2022 @ 5370 SL 5300 TGT 5445-5500.MCX
NATURAL GAS
Natural gas trading range for the day is 282.3-314.7.
Natural gas gained underpinned by soaring global prices, which more than offset forecasts of mild weather after Christmas.
Gas flows in a key pipeline connecting Russia and Germany have been moving eastwards for the second day in a row
US natural gas production to hit new monthly record high in 2022, EIA reports
Data provider Refinitiv said output in the U.S. Lower 48 states has averaged 96.8 bcfd so far in December
BUY NAT GAS DEC 2021 @ 292.00 SL 282.00 TGT 304.00-310.00.MCX
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