Buy Nat Gas OCT 2021 @ 420.00 SL 408.00 TGT 432.00-438.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5522-5984.
Crude oil prices rose as OPEC+ agrees to stick to existing oil output plan
Russia's Novak says OPEC+ decision will help to stabilise oil market
Kazakhstan's OPEC+ quota set at 1.524 mln bpd for Oct
Money managers raised their net long U.S. crude futures and options positions in the week to September 28
SELL CRUDEOIL OCT 2021 @ 5650 SL 5740 TGT 5550-5490.MCX
NATURAL GAS
Natural gas trading range for the day is 406-465.2.
Natural gas jumped on forecasts power generators will burn more of the fuel this week than previously expected
Support also seen as record global gas prices keep demand for more U.S. liquefied natural gas (LNG) exports strong
Gas prices around the world have soared to all-time highs amid low stockpiles in Europe and insatiable demand in Asia.
Speculators boosted their net long positions on the New York Mercantile and Intercontinental Exchanges last week for the first time in three weeks
BUY NAT GAS OCT 2021 @ 420.00 SL 408.00 TGT 432.00-438.00.MCX
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