Buy Crudeoil Nov 2022 @ 6900 SL 6800 TGT 7080-7220.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6655-7285.
Crude oil prices rose amid bullish signals like falling U.S. crude stocks and a generally undersupplied market
U.S. crude stocks fall 1.3 mln bbls last week - API data
U.S. to sell 15 mln bbls oil from reserves in Dec – official
UAE says OPEC+ output cut was correct decision, no politics behind it
BUY CRUDEOIL NOV 2022 @ 6900 SL 6800 TGT 7080-7220.MCX
NATURAL GAS
Natural gas trading range for the day is 438.9-488.7.
Natural gas dropped on a downwardly revised demand forecast for next week due to milder weather.
Average US gas demand, including exports, is expected to fall to 94.9 bcfd next week, from 100.3 bcfd this week
U.S. Henry Hub natgas price forecasts, 2022 to rise to 14 year high
The U.S. Energy Information Administration (EIA) said utilities added 125 billion cubic feet (bcf) of gas to storage during the week ended Oct. 7.
BUY NAT GAS OCT 2022 @ 450.00 SL 430.00 TGT 480.00-500.00.MCX
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