Sell Crudeoil JAN 2022 @ 5780 SL 5880 TGT 5660-5600.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5595-6127.
Crude oil prices rose on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya.
U.S. crude stockpiles drop, but fuel builds sharply as demand dips - EIA
Russia moves paratroopers into Kazakhstan to quell uprising
Libyan oil output down to 729,000 bpd, NOC says
SELL CRUDEOIL JAN 2022 @ 5780 SL 5880 TGT 5660-5600.MCX
NATURAL GAS
Natural gas trading range for the day is 278.7-297.5.
Natural gas pared gains amid forecasts for less cold weather and lower heating demand next week than previously expected.
EIA data showed a smaller-than-expected storage draw last week due to milder than normal weather.
US utilities pulled just 31 billion cubic feet of gas from storage during the week ended December 31st
Refinitiv said those weather-related problems, which are normal during the winter months, have cut average output in the U.S. Lower 48 states to 94.5 bcfd
BUY NAT GAS JAN 2022 @ 280.00 SL 268.00 TGT 294.00-300.00.MCX
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