Buy Crudoil SEP 2021 @ 5160 SL 5080 TGT 5240-5280.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5099-5281.
Crude oil prices ended flat hovering near a six-week high, on signs another storm could affect output in Texas this week
Over 40% of U.S. Gulf's oil, gas output still shut following Ida
Planned U.S. and China oil sale from reserves weigh on sentiment
U.S. shale oil output to rise to highest since April 2020 in Oct
BUY CRUDEOIL SEP 2021 @ 5160 SL 5080 TGT 5240-5280.MCX
NATURAL GAS
Natural gas trading range for the day is 374.2-405.
Natural gas prices rose amid rise in European gas prices on tight inventories heading into winter
Prices in the U.K. and the Netherlands soar to record highs as concerns over tight supplies mount while demand increases
Prices also rose on worries Tropical Storm Nicholas could delay the already slow return of production in the Gulf of Mexico
Prices rose despite forecasts for less hot weather and lower demand over the next two weeks than previously expected.
SELL NAT GAS SEP 2021 @ 380.00 SL 384.00 TGT 388.00-394.00.MCX
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