Sell Crudeoil Dec 2021 @ 5150 SL 5250 TGT 5040-4980.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5023-5295.
Crude oil gained on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild
Saudi Arabia raises monthly crude prices to Asia, U.S.
Indirect U.S.-Iran nuclear talks breaks until this week
OPEC+ decided last week to continue increasing monthly supply by 400,000 barrels per day in January
SELL CRUDEOIL DEC 2021 @ 5150 SL 5250 TGT 5040-4980.MCX
NATURAL GAS
Natural gas trading range for the day is 257.1-315.9.
Natural gas fell as forecasts for a warmer-than-usual December soured the demand outlook for the fuel.
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 @ 300.00 SL 315.00 TGT 284.00-278.00.MCX
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