Buy Natural Gas Nov 2022 @ 500.00 SL 480.00 TGT 525.00-540.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6956-7358.
Crude oil falls on China COVID curbs and weak factory data
OPEC expected to stick to view of long-term oil demand rise
UAE, OPEC+ keen on supplying world with oil it needs – UAE energy minister
U.S. oil and gas rig count edges up in Oct as drilling steadies
BUY CRUDEOIL NOV 2022 @ 7020 SL 6900 TGT 7160-7250.MCX
NATURAL GAS
Natural gas trading range for the day is 458.6-560.6.
Natural gas jumped on forecasts for more demand this week than previously expected.
The market largely ignored record output and forecasts for milder weather and less demand next week.
Speculators boosted their net short futures and options positions for a second week in a row to their highest since March 2020
Average gas output in the U.S. Lower 48 states has risen to 99.5 bcfd so far in October, up from a monthly record of 99.4 in September.
BUY NAT GAS NOV 2022 @ 500.00 SL 480.00 TGT 525.00-540.00.MCX
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