Buy Nat Gsa Feb 2021 @ 192.00 SL 188.00 TGT 198.00-202.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 3749-3923.
Crude oil prices dropped amid risks of slowing fuel demand due to stalled vaccine rollouts and contagious new coronavirus strains
Saudi Arabia is set to cut output by 1 mbpd in February and March, and compliance with output curbs by the OPEC+, has improved in January.
Japan's crude oil imports fell 19.0 percent in December from a year earlier to 2.61 million barrels per day
Asia's crude oil imports surge in January, and it's more than just China
SELL CRUDEOIL FEB 2021 @ 3870 SL 3940 TGT 3800-3760.MCX
NATURAL GAS
Natural gas trading range for the day is 185.9-201.1.
Natural gas fell on forecasts for milder weather next week despite a colder outlook for mid February.
That decline came despite a colder weather outlook for mid-February.
The U.S. Energy Information Administration (EIA) said utilities pulled just 128 billion cubic feet (bcf) of gas from storage.
EIA's projections for 2021 in January were higher than its December forecasts of 87.91 bcfd for supply and 79.37 bcfd for demand.
BUY NAT GAS FEB 2021 @ 192.00 SL 188.00 TGT 198.00-202.00.MCX
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