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Sell Crudeoil Dec 2021 @ 6100 SL 6160 TGT 6020-5940.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5510-5854.
Crude oil dropped as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery
Crude, fuel stocks fall on more refining, rising exports -EIA
Saudi Arabia total oil exports fall to 7.84 mln bpd in September – JODI
China reserve bureau working on crude oil release
SELL CRUDEOIL DEC 2021 @ 6100 SL 6160 TGT 6020-5940.MCX
NATURAL GAS
Natural gas trading range for the day is 351.5-392.5.
Natural gas climbed with the coming of seasonally colder weather and record liquefied natural gas (LNG) exports.
That U.S. price increase came despite a 6% decline in European gas prices, near record U.S. gas production and healthy U.S. stockpiles for the winter.
EIA said utilities added 26 billion cubic feet (bcf) of gas into storage during the week ended Nov. 12. U.S.
Speculators cut their net long positions for a sixth week to their lowest since June 2020
BUY NAT GAS NOV 2021 @ 362.00 SL 350.00 TGT 375.00-386.00.MCX
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