Sell Crudeoil DEC 2021 @ 5360 SL 5450 TGT 5250-5180.MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
CRUDEOIL
Crude oil trading range for the day is 4883-5283.
Crude oil prices climbed after the producer group OPEC+ said it could review its policy to hike output at short notice if oil demand collapsed.
OPEC+ says they may adjust supply increase if the market changes
OPEC+, surprised the market when it stuck to plans to add 400,000 barrels per day (bpd) supply in January
Russia's Novak says oil market is balanced, demand is gradually rising
SELL CRUDEOIL DEC 2021 @ 5360 SL 5450 TGT 5250-5180.MCX
NATURAL GAS
Natural gas trading range for the day is 304.1-330.1.
Natural gas gained on forecasts for cooler weather than expected and higher heating demand in the next two weeks
The weather was still expected to remain milder than normal through at least the middle of December, keeping overall heating demand low
The U.S. EIA said utilities pulled 59 billion cubic feet (bcf) of gas from storage during the week ended Nov. 26..
Data provider Refinitiv said output in the U.S. Lower 48 states averaged 95.8 billion cubic feet per day (bcfd) so far in December
SELL NAT GAS DEC 2021 @ 374.00 SL 386.00 TGT 360.00-354.00.MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
