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Buy Natural gas November 2022 @ 540.00 SL 520.00 TGT 570.00-580.00.MCX - Kedia Advisory
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CRUDE OIL
Crude oil trading range for the day is 6064-6868.
Crude oil prices fell to a ten-month low but regained some lost ground and ended the day's session modestly lower.
Struggling Chinese demand, rising COVID cases in focus
U.S. crude imports fall to lowest since May 2021 – EIA
Saudi crude exports rise to 7.72 mln bpd in September
BUY CRUDEOIL DEC 2022 @ 6500 SL 6400 TGT 6650-6750.MCX
NATURAL GAS
Natural gas trading range for the day is 483.6-591.4.
Natural gas gained on forecasts for colder weather and stronger heating demand this week than previously expected.
The expected restart of the 2.1-billion cubic feet per day (bcfd) Freeport LNG export plant in Texas in mid December
Speculators cut their net short futures and options positions for a third week in a row to their lowest since September
U.S. natgas output, demand to hit record highs in 2022
BUY NAT GAS NOV 2022 @ 540.00 SL 520.00 TGT 570.00-580.00.MCX
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