Buy Crudeoil NOV 2021 @ 5980 SL 5900 TGT 6060-6120.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6041-6335.
Crude oil eased after data showed US industrial activity unexpectedly fell for the 2nd month in September
OPEC+ misses target again, as some members struggle to raise oil output
Iraq says oil price above $80 is 'a positive indicator'
OPEC+ compliance with oil cuts slips to 115% in September
BUY CRUDEOIL NOV 2021 @ 5980 SL 5900 TGT 6060-6120.MCX
NATURAL GAS
Natural gas trading range for the day is 362.1-415.7.
Natural gas fell as output slowly rises and on forecasts for the weather to remain milder than normal through early November.
The decline came despite a slow but steady increase in U.S. liquefied natural gas (LNG) exports.
But no matter how high global prices rise, the United States was already close to producing LNG at full capacity
U.S. gas stockpiles, unlike those in Europe, were in good shape for the winter, with more than enough fuel available for the heating season.
SELL NAT GAS OCT 2021 @ 434.00 SL 448.00 TGT 416.00-406.00.MCX
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