Buy Natural Gas Dec 2022 @ 445.00 SL 430.00 TGT 465.00-475.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5944-6540.
Crude oil prices fall on higher U.S. dollar, economic fears
Russia’s Deputy PM Novak: Russia might reduce oil production, but not by much.
Russia’s Deputy PM Novak: Oil production in Russia in December 2022 will remain at the November level.
OPEC+ agreed to stick to their October plan to cut output by 2 million barrels per day (bpd) beginning in November.
BUY CRUDEOIL DEC 2022 @ 6100 SL 6000 TGT 6250-6350.MCX
NATURAL GAS
Natural gas trading range for the day is 436.9-478.5.
Natural gas extended weakness as forecasts for milder weather cast a shadow on demand outlook.
Delayed restart of the Freeport liquefied natural gas (LNG) export plant also weighing
The number of rigs drilling for natural gas in the United States remains unchanged this week at 155
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 October.
BUY NAT GAS DEC 2022 @ 445.00 SL 430.00 TGT 465.00-475.00.MCX
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