Buy Crudeoil SEP 2021 @ 5090 SL 5000 TGT 5180-5240.MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
CRUDEOIL
Crude oil trading range for the day is 5098-5266.
Crude oil rose as concerns over U.S. output following damage from Hurricane Ida supported the market, along with expectations for higher demand.
U.S. refiners are coming back faster than oil production from the impact of Hurricane Ida, a reverse of past storm recoveries.
Money managers raised their net long U.S. crude futures and options positions in the week to Sept. 7, the CFTC said.
China said it will announce details of planned crude oil sales from strategic reserves in due course.
BUY CRUDEOIL SEP 2021 @ 5090 SL 5000 TGT 5180-5240.MCX
NATURAL GAS
Natural gas trading range for the day is 352-403.6.
Natural gas rose on forecasts for higher demand next week than previously expected
Prices were climbing as record global gas prices keep demand for U.S. exports high
Further more than half of U.S. production in the Gulf of Mexico remains shut-in two weeks after Hurricane Ida hit the Gulf Coast
U.S. gas inventories, like those in Europe, remain lower than normal heading into the winter heating season when demand for the fuel peaks.
BUY NAT GAS SEP 2021 @ 336.00 SL 330.00 TGT 344.00-350.00.MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
