Buy Natural gas December 2021 @ 290.00 SL 282.00 TGT 298.00-304.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5356-5646.
Crude oil gained supported by record U.S. implied demand and falling crude stockpiles
U.S. crude inventories drop more than expected, demand surges
Upbeat U.S. Federal Reserve boosts risk appetite
EIA said product supplied by refineries, a proxy for demand, surged in the latest week to 23.2 million barrels per day (bpd).
BUY CRUDEOIL JAN 2022 @ 5440 SL 5350 TGT 5540-5600.MCX
NATURAL GAS
Natural gas trading range for the day is 285.3-307.7.
Natural gas slipped with production near record highs, a midday forecast for milder weather than expected over the next two weeks
Gas futures in Europe and Asia climbed to record highs, keeping demand for U.S. liquefied natural gas (LNG) exports strong.
U.S. natural gas storage is expected to end the November-March withdrawal season at 1.635 tcf on March 31
The number of rigs drilling for natural gas in the United States rose by 3 to 105
BUY NAT GAS DEC 2021 @ 290.00 SL 282.00 TGT 298.00-304.00.MCX
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