Buy Nat Gas Feb 2021 @ 214.00 SL 208.00 TGT 220.00-224.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4121-4449.
Crude oil prices moved higher rebounding from early losses, as tensions in the Middle East raised the possibility of disruptions in crude supplies.
OPEC again cuts 2021 oil demand view, sees H2 pickup
Oil market rebalancing will soon set stage for more OPEC+ supply -IEA
Russia's Feb 1-10 oil output shows surprise fall to 10.11 mln bpd
BUY CRUDEOIL FEB 2021 @ 4320 SL 4240 TGT 4400-4460.MCX
NATURAL GAS
Natural gas trading range for the day is 202.3-223.1.
Natural gas edged up after forecasts called for even colder weather over the next two weeks than previously expected.
In their latest forecasts, meteorologists projected average U.S. temperatures will remain well below normal through Feb. 21.
Starting Feb. 22, however, the weather was expected to turn mild and stay that way through the end of the month.
U.S. natural gas storage is expected to end the November-March withdrawal season at 1.650 tcf the lowest since 2019.
BUY NAT GAS FEB 2021 @ 214.00 SL 208.00 TGT 220.00-224.00.MCX
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