Buy Nat Gas Oct 2021 @ 412.00 SL 402.00 TGT 426.00-435.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6094-6230.
Crude oil rose on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products.
OPEC chief says COVID – 19 uncertainties remain in oil market
UAE oil minister says energy demand peaking, important to maintain market balance
Russia's Novak expects full oil market recovery by end of 2022
BUY CRUDEOIL OCT 2021 @ 6020 SL 5940 TGT 6120-6160.MCX
NATURAL GAS
Natural gas trading range for the day is 394.8-437.6.
Natural gas fell following a 9% drop in global gas prices, on forecasts the weather in the United States will remain mostly mild through the end of October.
That decline in U.S. prices came despite a slow but steady rise in U.S. LNG exports as utilities in Europe and Asia scramble to fill gas inventories
Azerbaijan to boost gas supplies to Europe, Turkey in 2022
Data provider Refinitiv said gas output in the U.S. lower 48 states rose to an average of 92.0 billion cubic feet per day (bcfd) so far in October
BUY NAT GAS OCT 2021 @ 412.00 SL 402.00 TGT 426.00-435.00.MCX
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