Buy Nat Gas JAN 2023 @ 260.00 SL 240.00 TGT 285.00-300.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6307-6769.
Crude oil gains as an expected rise in Chinese demand and further restrictions on Russian exports suggested market supply will remain tight.
IEA’s Birol, said that energy markets could be tighter in 2023.
Saudi crude exports fall to 7.28 mln bpd in November
Saudi Aramco also said that it was optimistic about oil consumption as China recovers and air travel rebounds.
BUY CRUDEOIL FEB 2023 @ 6550 SL 6450 TGT 6650-6750.MCX
NATURAL GAS
Natural gas trading range for the day is 256.2-284.8.
Natural gas dropped on forecasts for warmer weather and less heating demand in late January than previously expected.
US natural gas production is expected to grow more than 2% this year to a record daily average of 100.3 billion cubic feet
US natgas rig count fell 2 at 150 – Baker Hughes
Investors poured money back into the commodity amid prospects of a recovery in demand.
BUY NAT GAS JAN 2023 @ 260.00 SL 240.00 TGT 285.00-300.00.MCX
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