Buy Crudeoil JAN 2022 @ 6180 SL 6090 TGT 6280-6340.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6168-6332.
Crude oil rose on expectations that supply will remain tight amid restrained output.
Libya's total oil output rises to 1.2 million bpd
China's 2021 oil refinery output rises 4.3% to record on strong fuel demand
China agrees with U.S. to release oil reserves near Lunar New Year
BUY CRUDEOIL JAN 2022 @ 6180 SL 6090 TGT 6280-6340.MCX
NATURAL GAS
Natural gas trading range for the day is 308.7-327.1.
Natural gas gained as demand for US LNG remains strong as global prices are currently trading about seven times above US prices
EIA figures showed storage levels in the Lower 48 states shrank by 179 bcf, 6 bcf more than anticipated
EIA’s natural gas short-term outlook report revealed output is seen rising to 96.04 bcfd in 2022 and 97.55 bcfd in the year after
The number of rigs drilling for natural gas in the United States rose by 2 this week to 109
BUY NAT GAS JAN 2022 @ 312.00 SL 300.00 TGT 324.00-330.00.MCX
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