Sell Crudeoil Dec 2022 @ 6650 SL 6800 TGT 6500-6400.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6320-6774.
Crude oil up on tighter supply while OPEC+ talks limit gains
Goldman Sachs sees ‘high probability’ of OPEC cut — and expects oil prices to hit $110 next year
API data shows fall in U.S. crude stocks
IEA expects Russian crude output to fall by 2 mln bpd by March
SELL CRUDEOIL DEC 2022 @ 6650 SL 6800 TGT 6500-6400.MCX
NATURAL GAS
Natural gas trading range for the day is 534.5-611.7.
Natural gas dropped as forecasts released recently are pointing to milder weather over the next two weeks.
Meanwhile investors remained concerned about possible coal supply disruptions
Average gas output in the U.S. Lower 48 states has risen to 99.6 bcfd so far in November, up from a monthly record 99.4 bcfd in October.
Workers at the largest US rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike
BUY NAT GAS DEC 2022 @ 560.00 SL 540.00 TGT 585.00-600.00.MCX
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