Buy Natural Gas Jan 2022 @ 286.00 SL 275.00 TGT 298.00-302.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5604-5796.
Crude oil gains supported by supply outages and expectations that U.S. inventories fell last week.
Prices supported by easing concerns over the Omicron coronavirus
Speculators raise U.S. crude oil net longs – CFTC
Japan's Nov oil imports up 21.8% y/y at 2.81 mln bpd - METI
BUY CRUDEOIL JAN 2022 @ 5620 SL 5520 TGT 5720-576.MCX
NATURAL GAS
Natural gas trading range for the day is 276.8-311.6.
Natural gas gained on forecasts for milder weather and less heating demand over the next two weeks than previously expected.
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 @ 286.00 SL 275.00 TGT 298.00-302.00.MCX
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