Buy Crudeoil Oct 2021 @ 5320 SL 5260 TGT 5390-5420.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5240-5526
Crude oil prices rose supported by growing fuel demand and a draw in U.S. crude inventories.
U.S. crude stocks fall to lowest since Oct. 2018, EIA says
The U.S. EIA data showed U.S. crude stocks in the week to Sept. 17 fell by 3.5 million barrels to 414 million
Iraq oil minister says OPEC and allies working to keep crude price near $70
BUY CRUDEOIL OCT 2021 @ 5320 SL 5260 TGT 5390-5420.MCX
NATURAL GAS
Natural gas trading range for the day is 342.1-382.3.
Natural gas rose as soaring global gas prices kept demand for U.S. LNG exports high and output remained sluggish after Hurricane Ida in late August
Soaring gas prices ripple through heavy industry, supply chains
The U.S. Energy Information Administration (EIA) said utilities added 76 billion cubic feet (bcf) of gas into storage
Refinitiv said gas output in the U.S. Lower 48 states fell to an average of 90.7 bcfd so far in September from 92.0 bcfd in August
SELL NAT GAS SEP 2021 @ 358.00 SL 366.00 TGT 348.00-344.00.MCX
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