Buy Crudeoil Nov 2021 @ 6160 SL 6100 TGT 6240-6300.MCX- Kedia Advisory
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Crude oil
Crude oil trading range for the day is 6061-6379.
Crude oil gained as hopes that OPEC and allies will decide to keep supply levels
OPEC+ JTC lowers 2021 oil demand growth prediction slightly to 5.7 million bpd
OPEC+ trims 2021 oil demand view, keeps 2022 steady
Algeria says OPEC+ output increase should not exceed 400,000 bpd
BUY CRUDEOIL NOV 2021 @ 6160 SL 6100 TGT 6240-6300.MCX
Natural gas
Natural gas trading range for the day is 388.1-448.9.
Natural gas fell on rising output in the United States and another big drop in global gas prices
Russia said it would send more fuel to Europe for the winter heating season.
The daily decline occurred despite rising LNG exports and forecasts for colder weather and soaring heating demand in two weeks.
Data provider Refinitiv said output in the U.S. Lower 48 states has averaged 92.4 billion cubic feet per day (bcfd) so far in October
SELL NAT GAS NOV 2021 @ 440.00 SL 454.00 TGT 424.00-416.00.MCX
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