Buy Natural Gas Jan 2022 @ 275.00 SL 264.00 TGT 286.00-290.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5366-5858.
Crude oil gained as prices rebounded amid hopes the Omicron variant of the coronavirus will not any significantly impact global economic recovery.
Japan to auction more than 600,000 bbl of oil from national reserves in Feb
Markets zero in on the next OPEC+ meeting on Jan. 4, as the group is set to decide whether to go ahead with a planned 400,000 barrels per day
Baker Hughes Co. reported that the number of US oil rigs rose by 5 to 480 rigs this week.
BUY CRUDEOIL JAN 2022 @ 5480 SL 5400 TGT 5560-5600.MCX
NATURAL GAS
Natural gas trading range for the day is 267.3-306.3.
Natural gas gained spurred by forecasts for colder weather and higher heating demand over the next two weeks.
Refinitiv projected average U.S. gas demand, including exports, would jump from 110.0 bcfd this week to 126.7 bcfd next week
EIA said utilities pulled 55 billion cubic feet (bcf) of gas from storage during the week ended Dec. 17.
Gazprom’s customers in Europe had requested less gas and more US LNG tankers were crossing the Atlantic towards the continent.
BUY NAT GAS JAN 2022 @ 275.00 SL 264.00 TGT 286.00-290.00.MCX
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