Buy Natural Gas Oct 2022 @ 510.00 SL 490.00 TGT 540.00-560.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6518-7074.
Crude oil rose amid increasing speculation that OPEC+ was considering cutting production of up to 1 million barrels per day
OPEC+ to consider oil cut of over than 1 mln bpd – sources
China sets oil products export quotas at about 15 mln T -sources
EU ban on Russian maritime oil trade looms
BUY CRUDEOIL OCT 2022 @ 6700 SL 6600 TGT 6880-6950.MCX
NATURAL GAS
Natural gas trading range for the day is 496.6-572.6.
Natural gas dropped pressured by a combination of record levels of domestic output and fading weather-driven demand as the weather shifted colder
Natural gas production in the US likely rose by roughly 4% from a year earlier in the first eight months of 2022
Gazprom: Nord Stream leaks stop, gas supply could resume on single line
US natural gas use has already been reduced for months by the ongoing outage at the Freeport LNG export plant in Texas
BUY NAT GAS OCT 2022 @ 510.00 SL 490.00 TGT 540.00-560.00.MCX
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