Buy Natural gas December 2022 @ 460.00 SL 440.00 TGT 470.00-490.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6142-6910
Crude oil dropped as strong U.S. service data raised the prospects for more aggressive moves by the Federal Reserve.
OPEC+ keeps output steady, Russian price cap imposed
G7, EU impose Russian oil price cap at $60 a barrel
OPEC+ sticks to plans to cut production by 2 mln bpd
BUY CRUDEOIL DEC 2022 @ 6350 SL 6250 TGT 6500-6600.MCX
NATURAL GAS
Natural gas trading range for the day is 439-516.8.
Natural gas dropped on predictions of warmer weather over the next two weeks and expectations of higher supply.
Freeport is set to again delay the restart of its LNG export plant to the end of the year from mid-December
Average gas output in the US Lower 48 states rose to a record 99.5 bcfd in November, up from 99.4 bcfd in October.
Data provider Refinitiv said average gas output in the U.S. Lower 48 states rose to a record 99.5 bcfd in November, up from 99.2 bcfd in Octobe
BUY NAT GAS DEC 2022 @ 460.00 SL 440.00 TGT 470.00-490.00.MCX
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