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Buy Natural Gas Nov 2022 @ 470.00 SL 450.00 TGT 500.00-520.00.MCX - Kedia Advisory
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Crude Oil
Crude oil trading range for the day is 6826-7200.
Crude oil dropped as renewed COVID curbs in China raised concern about fuel demand
US EIA cuts 2023 world oil demand growth forecast
U.S. crude stockpiles rise, fuel inventories fall – EIA
Saudi Aramco to ship full oil contract volumes to Asia in Dec
SELL CRUDEOIL NOV 2022 @ 7150 SL 7300 TGT 7000-6900.MCX
Natural Gas
Natural gas trading range for the day is 461.2-515.6.
Natural gas rose on forecasts for heating demand to rise next week when the weather turns much colder and a possible increase in LNG exports.
The market also remained hyper focused on rumors that the Freeport LNG export plant inTexas may not return in November
U.S. natgas output, demand to hit record highs in 2022
EIA projected dry gas production will rise to 98.07 billion cubic feet per day (bcfd) in 2022 and 99.69 bcfd in 2023
BUY NAT GAS NOV 2022 @ 470.00 SL 450.00 TGT 500.00-520.00.MCX
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